Invest Ksh 500,000 in Sanlam MMF for 15 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 1,563,199 after 15 years — about Ksh 1,063,199 in interest, assuming daily compounding and no withdrawals.
Final balance
Ksh 1,563,199
3.13× your deposit
Deposited
Ksh 500,000
One-off, no withdrawals
Interest earned
Ksh 1,063,199
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 3,316,381 over the same 15 years — that's -Ksh 1,753,182 less than Sanlam Money Market Fund.