Invest Ksh 250,000 in Sanlam MMF for 20 years.
At Sanlam Money Market Fund's current net yield of 7.60% (after Kenya's 15% withholding tax), a Ksh 250,000 deposit grows to about Ksh 1,142,875 after 20 years — about Ksh 892,875 in interest, assuming daily compounding and no withdrawals.
Final balance
Ksh 1,142,875
4.57× your deposit
Deposited
Ksh 250,000
One-off, no withdrawals
Interest earned
Ksh 892,875
At 7.60% net p.a.
Year by year
vs keeping it in a bank savings account
The same Ksh 250,000 at Credit Bank's deposit rate of 12.68% would grow to about Ksh 3,115,535 over the same 20 years — that's -Ksh 1,972,659 less than Sanlam Money Market Fund.