Earn a daily-compounding return on funds you might need access to soon — see how MMFs work and compare current rates from providers below.
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Back to Compare CategoriesA money market fund pools investors' money into low-risk, short-term instruments — mainly government Treasury Bills and bank fixed deposits — and pays a daily-accruing return that's usually credited to your account monthly. Unlike a fixed deposit, your money generally isn't locked in: most funds let you withdraw within a few business days, making an MMF a more flexible option for money you might need access to on short notice.
All money market funds in Kenya are registered and regulated by the Capital Markets Authority (CMA), with an independent trustee and custodian bank holding investors' funds separately from the fund manager — a structure designed to protect your money even if the fund manager runs into trouble. Minimum investment amounts are low, ranging from as little as KES 100 to around KES 5,000 depending on the fund, making MMFs accessible to almost anyone.
MMF interest income is subject to a 15% withholding tax, deducted automatically by the fund manager before your account is credited — you don't need to file anything separately. This is the same withholding tax rate that applies to bank fixed deposit interest, so it doesn't change the comparison between the two once you're looking at net returns.
It's a pooled investment that puts your money into low-risk, short-term instruments like Treasury Bills and fixed deposits, earning a daily-accruing return that's usually credited monthly. Unlike a fixed deposit, your money generally isn't locked in for a set term.
All MMFs in Kenya must be registered and regulated by the Capital Markets Authority (CMA), with an independent trustee and custodian bank holding investor funds separately from the fund manager.
Minimums are low — some funds accept as little as KES 100, while others require KES 1,000-5,000 depending on the provider.
Yes, a 15% withholding tax applies to MMF interest income, deducted automatically by the fund manager before your account is credited — the same rate that applies to bank fixed deposit interest.
Most funds process withdrawals within a few business days, though exact timelines vary by provider — check this before investing money you might need on short notice.
It depends on what you value more. A fixed deposit locks in a guaranteed rate for a set term; a money market fund is more flexible and can be withdrawn sooner, but its daily rate moves with the market rather than being fixed upfront.
This information is for general guidance only and isn't financial advice. Rates, minimums, and terms vary by institution and can change — always confirm current details with the institution directly before making a decision. Read our full disclaimer.