Invest Ksh 1,000,000 in Sanlam MMF for 5 years.
At Sanlam Money Market Fund's current net yield of 7.60% (after Kenya's 15% withholding tax), a Ksh 1,000,000 deposit grows to about Ksh 1,462,227 after 5 years — about Ksh 462,227 in interest, assuming daily compounding and no withdrawals.
Final balance
Ksh 1,462,227
1.46× your deposit
Deposited
Ksh 1,000,000
One-off, no withdrawals
Interest earned
Ksh 462,227
At 7.60% net p.a.
Year by year
vs keeping it in a bank savings account
The same Ksh 1,000,000 at Credit Bank's deposit rate of 12.68% would grow to about Ksh 1,878,876 over the same 5 years — that's -Ksh 416,649 less than Sanlam Money Market Fund.