Money Market Fund is one way of investing money in Kenya to earn interest. The highest interest is 18.30% and the lowest interest is 13.60%.
We provide the list of companies offering money market fund in Kenya and interest rate for each company:
- Cytonn Money Market fund—18.30%
- Lofty-Carbon Money Market Fund—18.30%
- Etica Money Market Fund—18.30%
- Kuza Money Market Fud—17.20%
- Arvocap Money Market Fund—17.20%
- GenAfrica Money Market Fund—16.90%
- Nabo Africa Money Market Fund—16.60%
- GenCap Hela Imara Money Market Fund—16.20%
- Jubilee Money Market Fund—16.10%
- Enwealth Money market Fund—16.00%
- Co-op Money Market Fund—15.70%
- Apollo Money Market Fund—15.60%
- ABSA Shilling Money Market Fund—15.50%
- Mayfair Money Market Fund—15.50%
- KCB Money Market Fund—15.40%
- Sanlam Money Market Fund—15.30%
- Madison Money Market Fund—15.30%
- AA Kenya Shilling Money Market Fund—15.30%
- Mali Money market Fund—15.10%
- Orient Kasha Money Market Fund—14.70%
- Dry Associates Money Market Fund—14.00%
- ICEA Lion Money Market Fund—13.90%
- CIC Money Market Fund—13.70%
- Old Mutual Money Market Fund—13.60%
- Equity Money Market Fund—13.60%
There are 25 companies in Kenya offering Money Market Fund. Those with high interest rate are not necessarily the best performing ones. Old Mutual and CIC are the most preferred companies, they control more than 70% of the market share.
If you decide to invest your money at Cytonn, you will earn annual interest of 18.30%. For instance, if your savings are Ksh 1 million, you will make Ksh 183,000 per year.If you invest at CIC,you will earn Ksh 137,000 per year.It’s safer to invest in CIC than Cytonn,which is why CIC has a lower interest rate.
