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Madison Investment Managers

Madison Money Market Fund

Money market fund · Regulated by the CMA

Grows at
8.98% a year
after their charges

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.

Hear when this changes

What to watch out for

  • 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.
Try your own numbers
How

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

You pay in
KES 300,000
Charges take
KES 0
Tax takes
KES 14,065
You'd end up with
KES 379,702
If you stop after 2 years instead

You would have paid in KES 120,000 and get back KES 131,891.

  • · Based on paying KES 5,000 a month for 5 years.
  • · Their yearly charge is already taken out of the rate they advertise.
  • · 15% tax comes off the interest before you get it. Their rate does not include it, and they say so.
  • · 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 money
One working day after you ask
Charge for taking money out
None. The fund has no term and no withdrawal penalty
Smallest amount
KES 5,000 to start
Fees either way
Nothing in, nothing out
Getting your money
One working day
Interest is paid
Added every month
Daily yield
10.04% a year, worked out daily
Fund size
KES 6.1 billion

How to open this

  • Open with KES 5,000
  • top up from KES 1,000
  • your money is 1 working days away

What does it cost you?

Charge for taking money outthe money you take outNothing
Taken off each payment you makethe money you pay inNothing

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.

What they tell you

  • 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 say who regulates them?
    Yes — the CMA. That is who you complain to.

Talk to 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 10.56% on this page is the rate Madison Investment Managers quoted, as at 2026-08-28 — 2 months old.

Madison showed an effective annual yield of 10.56% beside a daily yield of 10.04% on 28 August 2026. Withholding tax of 15% still comes of.

What has changed here

  • 28 August 2026
    • The quoted rate 10.55% a year → 10.56% a year

We started keeping this record in August 2026. Anything that changed before then is not here. The whole board's record.

Where we got this