Invest Ksh 500,000 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 500,000 deposit grows to about Ksh 539,477 after 1 year — about Ksh 39,477 in interest, assuming daily compounding and no withdrawals.
Final balance
Ksh 539,477
1.08× your deposit
Deposited
Ksh 500,000
One-off, no withdrawals
Interest earned
Ksh 39,477
At 7.60% net p.a.
Year by year
vs keeping it in a bank savings account
The same Ksh 500,000 at Credit Bank's deposit rate of 12.68% would grow to about Ksh 567,218 over the same 1 year — that's -Ksh 27,740 less than Sanlam Money Market Fund.