Invest Ksh 5,000,000 in Sanlam MMF for 3 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 6,280,278 after 3 years — about Ksh 1,280,278 in interest, assuming daily compounding and no withdrawals.
Final balance
Ksh 6,280,278
1.26× your deposit
Deposited
Ksh 5,000,000
One-off, no withdrawals
Interest earned
Ksh 1,280,278
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 7,299,765 over the same 3 years — that's -Ksh 1,019,488 less than Sanlam Money Market Fund.