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NCBA Investment Bank

NCBA Money Market Fund (USD)

Money market fund · Regulated by the CMA

Your dollars are lent out short term. You can start with USD 100 and take the money out when you want.

Hear when this changes

What to watch out for

  • The rate was 3.00% on 18 August 2026, against 6.99% at Etica on the same kind of dollar fund.
  • Holding dollars means the shilling exchange rate becomes part of your return, in both directions.
  • NCBA Investment Bank is supervised by the Capital Markets Authority.

The details that matter for this kind of plan

Sold in
US dollars, from USD 100
How fast you get your money
Two working days after you ask

How to open this

  • Open with USD 100
  • your money is 2 working days away

What does it cost you?

Yearly charge on your moneyfund value1% a year
Paid to the bank that holds the moneyfund value0.135% a year
Paid to the trustee or custodian who holds the moneyfund value0.1% a year
Taken off each payment you makemoney you pay inNothing
Charge for taking money outmoney you take outNothing

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 fixed term. The money reaches you two working days after you ask.

Who this suits

It could work for you if

You bank with NCBA and hold dollars you want earning something.

Think twice if

You want to compare cost. NCBA prints a rate and no charges at all, and does not publish yearly returns.

What they tell you

  • What do they charge you every year?
    1% a year, taken from fund value.
  • What is taken off the money you pay in?
    Nothing. They state there is no charge here.
  • What is the smallest amount you can start with?
    KES 100.
  • Are all their charges published?
    Yes, every charge they mention has a figure against it.
  • 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 3% on this page is the rate NCBA Investment Bank quoted, as at 2026-08-18 — 2 months old.

NCBA shows an effective annual rate of 3.00% for the dollar fund beside a daily yield of 2.92%, dated to the day. It does not say whether its own charges have been taken off.

What has changed here

  • 28 September 2026
    • Yearly charge on your money is now 1% a year, and was not published before
    • Taken off each payment you make is now 0%, and was not published before
    • Charge for taking money out is now 0%, and was not published before
    • Paid to the bank that holds the money is now 0.135% a year, and was not published before
    • Paid to the trustee or custodian who holds the money is now 0.1% a year, and was not published before

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

What the documents actually say

Every figure above was read out of a document. These are the sentences, word for word, so you can check them rather than take our word for it.

Where we got this