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Madison Investment Managers

Madison Money Market Fund

Money market fund · Regulated by the CMA

What is this?

Your money is lent out short term, to banks and to the government. You can add to it or take it out when you want. It grows slowly and steadily.

If you put in KES 5,000 a month for 5 years

You pay in
KES 300,000
Charges take
KES 0
You'd end up with
KES 396,319
If you stop after 2 years instead

You would have paid in KES 120,000 and get back KES 134,121.

  • · Based on paying KES 5,000 a month for 5 years.
  • · Their yearly charge is already taken out of the rate they advertise.
  • · The rate is not fixed. It can fall.
  • · Worked out from the company's own published figures.

The details that matter for this kind of plan

How fast you get your moneyOne working day after you ask
Charge for taking money outNone. The fund has no term and no withdrawal penalty

What does it cost you?

Taken off each payment you makeNothing
Charge for taking money outNothing
Yearly charge on your moneynot disclosed
  • · Madison says the interest it publishes is already net of the management fee, but never says how large that fee is.

What if you stop paying?

Nothing happens. There is no set payment to keep up. Your money stays in the fund and keeps earning.

What if you need the money early?

There is no early. The fund has no term, no penalty, and the money reaches you one working day after you ask.

Who this suits

It could work for you if

You want your money safe and quick to reach, and you want to be told the rules up front.

Think twice if

You want to know the yearly charge. Madison says it is taken, not how much it is.

How openly does this company explain its charges?

BTells you most of it9 of 11 answered
  • What do they charge you every year?
    Madison says the interest it publishes is already net of the management fee, but never says how large that fee is.
  • What is taken off the money you pay in?
    Nothing. They state there is no charge here.
  • What does it cost to get out early?
    Nothing. You can take your money out with no penalty.
  • 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 warn you the return is not guaranteed?
    Yes, the warning is there.
  • Do they tell you what you get back if you stop early?
    You get whatever your money is worth on the day. There is no schedule.
  • Do they list what is not covered?
    This is not insurance, so there is nothing to exclude.
  • Are all their charges published?
    No. 1 charge is mentioned without a figure.
  • Do they say who regulates them?
    Yes — the CMA. That is who you complain to.

This grades how openly things are explained, not whether the plan is good or bad. See how we work it out.

Things to know before you sign

  • · Madison's website says withdrawals take one working day. Its own product write-up says two. Both are published by Madison.
  • · Interest is taxed at 15%. Madison's worked example shows the tax coming off each month, which most brochures do not.
  • · Madison warns that its indicative rate is not a guarantee of future performance.
  • · Madison Investment Managers is supervised by the Capital Markets Authority.

Talk to them

Compared with the others

There are 9 other plans of this kind on the board. See all 10 side by side — what each one leaves you with, and which of them will not say.

How current is this rate?

The 10.55% on this page is the rate Madison Investment Managers quoted, as at 2026-08-20 — current.

Madison shows an effective annual yield of 10.55% beside a daily yield of 10.03%, and its write-up says the interest it quotes is already net of the management fee. The 15% tax on interest still comes off after that..

Where we got this