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KCB Asset Management

KCB Money Market Fund

Money market fund · Regulated by the CMA

It has paid
15.9% a year
their figure, after charges

Your money is pooled with other people's and lent out short term, mostly to banks and the government. KCB takes 2% a year to run it.

Hear when this changes

What to watch out for

  • The rate on KCB's page is dated July 2024. Ask them what the fund is paying today before you decide.
  • 15% withholding tax is taken off the interest before it reaches you.

The details that matter for this kind of plan

Rate last updated
July 2024, on KCB's own page
Rate is
after the management fee, before tax
Money out in
2 working days
Fund size
KES 16.9 billion

How to open this

  • Open with KES 5,000
  • your money is 2 working days away

What does it cost you?

Yearly charge on your moneythe money in the fund2% a year

What if you stop paying?

Nothing happens. You can stop adding money and what is there keeps earning.

What if you need the money early?

There is no penalty. KCB says the money reaches you within 2 working days.

Who this suits

It could work for you if

You want your savings to earn more than a bank account while staying easy to reach.

Think twice if

You want to know today's rate before you commit. The rate on their page is from July 2024.

What they tell you

  • What do they charge you every year?
    2% a year, taken from the money in the fund.
  • What is the smallest amount you can start with?
    KES 5,000.
  • How long is your money tied up?
    Not at all. You can take it out whenever you want.
  • Is the advertised return before or after their charges?
    After charges. The number you see is the number you get.
  • Do they say who regulates them?
    Yes — the CMA. That is who you complain to.

Talk to them

  • Website: ke.kcbgroup.com
  • If something goes wrong, the CMA is who supervises them.

Compared with the others

There are 24 other plans of this kind on the board. See all 25 side by side — what each one leaves you with, and which of them will not say.

How current is this rate?

The 15.9% on this page is the rate KCB Asset Management last declared, as at 2024-07-31 — over 2 years old.

the rate KCB shows on its own page for the fund, quoted as at July 202.

This is the most recent figure KCB Asset Management publishes, not the most recent figure that exists. Ask them what the current rate is before you decide anything on the strength of it.

Where we got this