Invest Ksh 250,000 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 250,000 deposit grows to about Ksh 365,557 after 5 years — about Ksh 115,557 in interest, assuming daily compounding and no withdrawals.
Final balance
Ksh 365,557
1.46× your deposit
Deposited
Ksh 250,000
One-off, no withdrawals
Interest earned
Ksh 115,557
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 469,719 over the same 5 years — that's -Ksh 104,162 less than Sanlam Money Market Fund.