Money market fund rates in Kenya
Yields on Kenyan shilling money market funds, from highest to lowest. Yields are effective annual rates before the 15% withholding tax. The after-tax column shows what you actually earn, with interest credited monthly and 15% withheld each time. Rates change daily, so treat them as a guide.
| # | Fund | Yield (gross) | After 15% tax | Minimum |
|---|---|---|---|---|
| 1 | Cytonn Money Market Fund Cytonn |
11.01% | 9.29% | KES 1,000 |
| 2 | Faulu Money Market Fund Faulu |
10.80% | 9.11% | KES 1,000 |
| 3 | Lofty Corban Money Market Fund Lofty Corban |
10.55% | 8.91% | KES 1,000 |
| 4 | Madison Money Market Fund Madison |
10.41% | 8.79% | KES 5,000 |
| 5 | Nabo Africa Money Market Fund Nabo Capital |
10.39% | 8.77% | KES 100,000 |
| 6 | Orient Kasha Money Market Fund Orient |
10.36% | 8.75% | KES 1,000 |
| 7 | Old Mutual Money Market Fund Old Mutual |
10.30% | 8.70% | KES 1,000 |
| 8 | GenAfrica Money Market Fund GenAfrica |
10.28% | 8.68% | KES 500,000 |
| 9 | Arvocap Money Market Fund Arvocap |
10.26% | 8.66% | KES 3,000 |
| 10 | Kuza Money Market Fund Kuza |
10.23% | 8.64% | KES 1,000 |
| 11 | Etica Money Market Fund Etica |
10.18% | 8.59% | KES 100 |
| 12 | Jubilee Money Market Fund Jubilee |
10.14% | 8.56% | KES 5,000 |
| 13 | Britam Money Market Fund Britam |
9.78% | 8.26% | KES 1,000 |
| 14 | Sanlam Allianz Money Market Fund Sanlam Allianz |
9.48% | 8.01% | KES 3,000 |
| 15 | KCB Money Market Fund KCB |
9.39% | 7.93% | KES 1,000 |
| 16 | Dry Associates Money Market Fund Dry Associates |
9.17% | 7.75% | KES 1,000,000 |
| 17 | Hela Imara Money Market Fund Genghis Capital |
8.88% | 7.50% | KES 500 |
| 18 | CPF Money Market Fund CPF |
8.63% | 7.29% | KES 1,000 |
| 19 | CIC Money Market Fund CIC |
8.41% | 7.11% | KES 5,000 |
| 20 | African Alliance Money Market Fund African Alliance |
8.22% | 6.95% | KES 100,000 |
| 21 | Apollo Money Market Fund APA |
8.16% | 6.90% | KES 1,000 |
| 22 | NCBA Fixed Income Fund NCBA |
8.14% | 6.88% | KES 5,000 |
| 23 | Co-op Money Market Fund Co-op |
8.04% | 6.80% | KES 500 |
| 24 | ICEA Lion Money Market Fund ICEA Lion |
7.92% | 6.70% | KES 500 |
| 25 | Ziidi Money Market Fund Safaricom |
7.12% | 6.02% | KES 100 |
| 26 | Equity Money Market Fund Equity |
5.48% | 4.64% | KES 1,000 |
| 27 | Stanbic Money Market Fund Stanbic |
5.38% | 4.56% | KES 1,000 |
Figures as of 20 October 2026 · Source: Daily yields published by fund managers, compiled by Serrari Group
How to choose a fund
The highest yield is only one part of the decision. Check that the fund is licensed by the Capital Markets Authority, how quickly it pays out (most take two to three working days), whether you can deposit and withdraw by M-Pesa, and the fund's size and track record. Yields move with Treasury bill rates, so a fund at the top this week may not stay there.
Want to see how your savings would grow? Use our savings growth calculator with any fund's yield.
Common questions
Is a money market fund safe?
Money market funds invest in low-risk assets such as Treasury bills, bank deposits and short-term bonds, and must be licensed by the Capital Markets Authority. They are not guaranteed, so returns can change.
How is the yield calculated?
Funds quote an effective annual yield: what you would earn in a year if today's daily rate stayed the same, with interest compounding. The 15% withholding tax comes off the interest.
How fast can I withdraw?
Most funds pay out within two to three working days, often to M-Pesa or your bank.