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Money market funds often earn more than bank savings. Most MMFs allow withdrawals subject to provider cut-off times. Serrari tracks Kenyan MMFs so you can compare returns, fees, and minimums.
An MMF pools money from many investors and invests in low-risk instruments like government Treasury bills, bank deposits, and corporate commercial paper.
Your money earns interest every day. Most Kenyan MMFs compound daily, meaning you earn interest on your interest. Returns are typically 8-11% annually.
Unlike fixed deposits or SACCOs, you can withdraw your money within 24-48 hours — some funds even offer same-day withdrawal to M-Pesa.
All Kenyan MMFs must be licensed and regulated by the Capital Markets Authority (CMA). Your funds are held by an independent custodian, separate from the fund manager.
Use the comparison below to choose a fund based on returns, minimum investment, and fees.
Most accounts can be opened online using your ID and phone number.
Send money via M-Pesa or bank transfer. Interest typically begins accruing once funds are processed by the fund manager. Add more whenever you can — even KES 100 at a time.
Ready to compare funds side by side? Browse the Investment Marketplace →
Annual effective yields for the top 10 CMA-regulated money market funds in Kenya, ranked highest to lowest.
That's ~KES 5,960 more per year with an MMF — on the same KES 100,000.
MMFs mainly invest in Treasury bills, bonds, and bank deposits.
MMFs are regulated by the CMA. Always confirm regulation before investing.
Request a withdrawal and most payouts complete within 24-48 hours.
Interest is typically calculated daily and added to your balance.
| Feature | MMF | Savings A/C | SACCO | Fixed Deposit |
|---|---|---|---|---|
| Typical Annual Return | 8 – 11% | 1 – 7% | 10 – 14% | 7 – 12% |
| Minimum Investment | KES 100 | KES 0 | KES 1,000+ | KES 10,000+ |
| Withdrawal Time | 24-48 hours | Instant | 1-6 months | At maturity |
| Lock-up Period | None | None | Months/Years | 3-12 months |
| Regulation | CMA | CBK | SASRA | CBK |
| Risk Level | Low | Very Low | Medium | Low |
| Tax on Interest | 15% WHT | 15% WHT | Varies | 15% WHT |
| Compounding | Daily | Monthly/Quarterly | Annual | At maturity |
| M-Pesa Deposit | Yes (most) | Yes | Some | Some |
| Best For | Emergency fund, short-term savings | Day-to-day spending | Loan access, community saving | Guaranteed returns, no temptation to withdraw |
Turn your income into wealth — see current yields, fees, and minimums for all 29+ Kenyan money market funds.
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Serrari Markets provides independent financial data and educational tools. We are not fund managers and do not hold deposits. All data is provided 'as is' without warranty. Past performance does not guarantee future results. Rates and yields shown may be delayed — always verify with the fund manager. This is for informational purposes only not investment, tax, or legal advice.
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