USD Money Market Funds Kenya — 13 Dollar Funds, Daily Yields
Stop guessing with your money. Daily benchmark of Kenyan money market fund yields. See how your fund compares with the market.
Updated daily · Independent benchmark
Serrari tracks and compares funds — we do not manage money or hold deposits. To invest, open an account directly with a fund manager. See the financial products marketplace
Serrari Kenya USD MMF Average Index
5.42%
Serrari Kenya USD MMF Leaders Index
6.85%
Top 5 MMFs · 3-month average
Top MMF
11.00%
KCB
MMFs Tracked
13
USD MMFs
Top Movers▲KCB+5.92%▼Jubilee-0.18%
Data as of 17 Jul 2026
Kenya Macro Indicators
Today's Top USD MMF Yields in Kenya 2026
All CMA-regulated Kenyan money market funds tracked by Serrari. Returns are shown as Effective Annual Rate (EAR) to make it easier to find the best money market fund for your needs.
Click any column to sort.
| # ↕ | Company ↕ | Annual Yield ↓ | Min. Investment ↕ | News |
|---|---|---|---|---|
| 1 | KCBTop | 11.00% | USD 100 | |
| 2 | Nabo | 7.22% | USD 1K | |
| 3 | Cytonn | 5.60% | USD 1K | |
| 4 | Dry Associates | 5.33% | USD 10K | |
| 5 | Lofty Corban | 5.10% | USD 100 | |
| 6 | Sanlam | 5.03% | USD 2.5K | |
| 7 | Kuza | 5.02% | USD 100 | |
| 8 | Old Mutual | 5.01% | USD 100 | |
| 9 | Stanbic | 4.97% | USD 100 | |
| 10 | Jubilee | 4.90% | USD 1K | |
| 11 | CIC | 4.10% | USD 1K | |
| 12 | CPF | 3.81% | USD 1K | |
| 13 | NCBA | 3.42% | USD 100 |
Serrari Kenya USD MMF Average Index — 6 Month Trend
Last updated: 17 Jul 2026Purple line: Market average across Kenyan money market funds.
Funds below the line are underperforming the market.
MMF Yield Trend — 6 Month Average Index
Rolling 6-month trend of the Serrari Kenya MMF Average Index and Leaders Index, showing how market-wide yields have moved over time.
Serrari Kenya USD MMF Leaders Index — Top 5
Rebalanced MonthlyTop 5 best money market funds in Kenya ranked by sustained 3-month average yield.
Short-term rate spikes are filtered out to show consistent top performers.
1
TopKCB
KCB Dollar Money Market Fund
11.00%
3-Month Avg EAR
Net 9.35%Fee 2.00%Min USD 100
2
Nabo
Nabo Africa Money Market Fund (USD)
7.22%
3-Month Avg EAR
Net 6.14%Fee 2.50%Min USD 1K
3
Cytonn
Cytonn Money Market Fund (USD)
5.60%
3-Month Avg EAR
Net 4.76%Fee 1.00%Min USD 1K
4
Dry Associates
Dry Associates Money Market Fund (USD)
5.33%
3-Month Avg EAR
Net 4.53%Fee 1.50%Min USD 10K
5
Lofty Corban
Lofty Corban Money Market Fund (USD)
5.10%
3-Month Avg EAR
Net 4.34%Fee 0.20%Min USD 100
Understanding MMF Fees — Gross Yield Distribution
Annual yields before fees and tax.
Dashed line shows the Serrari Average Index.
MMF Gross Yield Distribution
Annual yields for all tracked funds before management fees and withholding tax are deducted.
Net Yield Distribution
The return you receive after the fund's fees and 15% withholding tax are taken out. For example, if the fund earns 12% and charges 2% in fees, the net yield is about 10%, then after 15% WHT you receive about 8.5%.
MMF Net Yield Distribution
The actual return credited to investors after management fees and 15% withholding tax have been deducted.
Money Market Fund Returns Calculator
Estimate potential MMF earnings based on current yields. Select a Serrari index or an individual fund provider to see projected returns after fees and tax.
Total Account Value
$106,009
After fees & WHT · 1 year
$100,000
Total invested
$6,009
Interest earned
Gross return$7,069
Management fee (0.00%)−$0
Withholding tax (15%)−$1,060
This is a benchmark rate, not a fund — choose a provider below to invest
Past performance does not guarantee future results. Actual returns may differ.
Projected Growth Curve
Serrari Kenya USD MMF Leaders Index · 1 year · net of fees & 15% WHT
Account value Total invested
How the MMF Index Works
Built using widely accepted index methodology. Follows established benchmark construction principles. For context, compare with Treasury bill rates, fixed deposit returns, and savings account interest rates in Kenya.
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EAR Standardisation
EAR (Effective Annual Rate): The yearly return you earn from Money Market Funds. All returns are shown as EAR to make it easier to compare different funds.
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Simple Average
The Average Index is calculated as the simple average of yields across all tracked funds. Each fund receives equal weight.
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Daily Updates · Monthly Rebalance
Average Index data updated daily. The Leaders Index is updated every month using the average performance from the past 3 months.
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Fund Coverage
KES- and USD-denominated funds tracked separately to avoid currency distortion. Coverage expands as new funds launch.
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Withholding Tax (WHT)
15% tax is deducted from your interest earnings before you receive the money. Net yields shown already include this deduction.
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Frequently Asked Questions
There is no single "best" fund for everyone.
Based on latest reported gross yield at the time of publication, KCB leads at 11.00% EAR.
The Serrari Leaders Index tracks the top 5 best-performing funds using their average return over the past 3 months, not just one-day rates.
Based on latest reported gross yield at the time of publication, KCB leads at 11.00% EAR.
The Serrari Leaders Index tracks the top 5 best-performing funds using their average return over the past 3 months, not just one-day rates.
At the current Average Index rate of 5.42% EAR, a USD 1,000 investment would earn about USD 5 per month before compounding.
Use the calculator above to estimate earnings for different investment amounts. For longer-term projections, try the Savings Goal Calculator or the Compound Interest Calculator to see how reinvested earnings grow over time.
Use the calculator above to estimate earnings for different investment amounts. For longer-term projections, try the Savings Goal Calculator or the Compound Interest Calculator to see how reinvested earnings grow over time.
The Serrari Kenya KES MMF Average Index shows the average yield across Kenyan money market funds.
It is a benchmark, not an investment fund.
If yield is above the Serrari MMF Index, it indicates a higher yield relative to the index snapshot.
It is a benchmark, not an investment fund.
If yield is above the Serrari MMF Index, it indicates a higher yield relative to the index snapshot.
Money market funds are generally considered lower-risk because they invest in:
However, returns are not guaranteed and may change with market conditions.
- Government Treasury bills
- Treasury bonds
- Bank deposits
However, returns are not guaranteed and may change with market conditions.
They serve different purposes.
SACCOs
SACCOs
- Higher returns (around 12–14%)
- Money may be locked in
- Higher credit risk
- Lower returns (around 8–11%)
- Withdraw anytime
- Regulated by the CMA
Fund managers charge a management fee, usually between 0.20% and 2.50% in Kenya.
A 2.0% fee means the fund takes 2% of your invested money each year as a fee. For example, if you invest KSh 100,000, the fee would be KSh 2,000 per year.
This fee is taken before the return is published. Our table shows both gross and net yield so you can see the real return.
A 2.0% fee means the fund takes 2% of your invested money each year as a fee. For example, if you invest KSh 100,000, the fee would be KSh 2,000 per year.
This fee is taken before the return is published. Our table shows both gross and net yield so you can see the real return.
The minimum investment for most money market funds in Kenya starts at KES 1,000, though some funds require KES 5,000, KES 10,000, or more, and a few allow entry below KES 1,000. After the initial deposit, most funds let you top up in small amounts and withdraw within one to three business days. Serrari lists the exact minimum for each CMA-regulated fund alongside its yield and fees.
You can withdraw money from a money market fund in Kenya at any time, because there is no lock-in period. Most fund managers process withdrawal requests within one to three business days and send the money to your bank account or M-Pesa. This makes money market funds a popular choice for an emergency fund, where quick access matters as much as the return.
Money market fund interest in Kenya is taxed at a 15% withholding tax (WHT), deducted at source by the fund manager before earnings are paid out. For individual investors this 15% WHT is treated as a final tax, so no further income tax is due on the interest. Net yields published by Serrari already reflect the 15% deduction.
To invest in a money market fund in Kenya, open an account directly with a CMA-licensed fund manager or unit trust by providing your ID, KRA PIN, and bank or M-Pesa details. There is no central exchange; you deposit directly with the fund and can usually start from KES 1,000. Compare net yields, fees, and minimums first. Serrari ranks every CMA-regulated fund daily but does not manage money or hold deposits.
Money market funds in Kenya are low-risk but not risk-free. Returns are not guaranteed and your yield can fall when interest rates drop. The funds invest in short-term, high-quality assets such as Treasury bills, bank deposits, and commercial paper, and are regulated by the Capital Markets Authority (CMA), but they are not covered by deposit insurance. Capital losses are rare and usually small, but possible if an underlying issuer defaults.
Compare your fund with the market
Explore fixed deposits, bonds, unit trusts, and other investment options alongside MMFs.