Invest Ksh 2,000,000 in Sanlam MMF for 1 years.
At Sanlam Money Market Fund's current net yield of 7.60% (after Kenya's 15% withholding tax), a Ksh 2,000,000 deposit grows to about Ksh 2,157,908 after 1 year — about Ksh 157,908 in interest, assuming daily compounding and no withdrawals.
Final balance
Ksh 2,157,908
1.08× your deposit
Deposited
Ksh 2,000,000
One-off, no withdrawals
Interest earned
Ksh 157,908
At 7.60% net p.a.
Year by year
vs keeping it in a bank savings account
The same Ksh 2,000,000 at Credit Bank's deposit rate of 12.68% would grow to about Ksh 2,268,870 over the same 1 year — that's -Ksh 110,962 less than Sanlam Money Market Fund.