← learn · guide · verified as of 2026-07-10
Money market funds
A money market fund pools many savers' cash into short-term, low-risk instruments and pays a daily-accruing yield you can withdraw within a few days.
from KES 100same day to 1–2 days for withdrawalrisk 2/5
Steps
- 1Pick a CMA-licensed fund manager's MMF — see the current yield table on /compare/assets, sorted by class, not return.
- 2Sign up via the manager's app or website with your ID and KRA PIN.
- 3Deposit your opening amount — some funds accept as little as KES 100.
- 4Watch your balance accrue daily; withdraw via the same app, typically settled within a few days.
By the end you hold units in an MMF, accruing yield daily.
Costs & taxes
| Item | Amount | Note |
|---|---|---|
| Withholding tax on interest | 15% | Deducted inside the fund's daily compounding before the net yield you see is credited. |
| Management fee | Already inside the published net yield | Fund managers publish yields net of their management fee — see each fund's own fact sheet for the fee itself. |
Risk
Low risk: MMF yields move with market rates and are not guaranteed for any fixed period, unlike a T-bill or fixed deposit — see this fund's current net yield on /compare/assets, not a past figure.
Low (money market funds, SACCO deposits, government duration risk)
See it in the product
Sources
- Minimum investment KES 100 (Ziidi MMF, Etica MMF) — our own live pipeline (mmf_funds), collected from manager publications · retrieved 2026-07-09
- Withholding tax on interest 15% — https://www.kra.go.ke/individual/filing-paying/types-of-taxes/individual-withholding-tax · retrieved 2026-07-10
Automated analysis for information & education. Not investment advice. For advice tailored to your situation, consult a CMA-licensed investment adviser.