Invest Ksh 5,000,000 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 5,000,000 deposit grows to about Ksh 5,394,770 after 1 year — about Ksh 394,770 in interest, assuming daily compounding and no withdrawals.
Final balance
Ksh 5,394,770
1.08× your deposit
Deposited
Ksh 5,000,000
One-off, no withdrawals
Interest earned
Ksh 394,770
At 7.60% net p.a.
Year by year
vs keeping it in a bank savings account
The same Ksh 5,000,000 at Credit Bank's deposit rate of 12.68% would grow to about Ksh 5,672,175 over the same 1 year — that's -Ksh 277,405 less than Sanlam Money Market Fund.