Invest Ksh 5,000,000 in Old Mutual MMF for 1 years.
At Old Mutual Money Market Fund's current net yield of 8.21% (after Kenya's 15% withholding tax), a Ksh 5,000,000 deposit grows to about Ksh 5,427,772 after 1 year — about Ksh 427,772 in interest, assuming daily compounding and no withdrawals.
Final balance
Ksh 5,427,772
1.09× your deposit
Deposited
Ksh 5,000,000
One-off, no withdrawals
Interest earned
Ksh 427,772
At 8.21% net p.a.
Year by year
vs keeping it in a bank savings account
The same Ksh 5,000,000 at Credit Bank's deposit rate of 12.68% would grow to about Ksh 5,672,175 over the same 1 year — that's -Ksh 244,403 less than Old Mutual Money Market Fund.