Best Money Market Funds in Kenya 2026 — Compare All MMF Yields
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
Top 10 Best Money Market Funds in Kenya by Returns
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 | CytonnTop | 12.10% | KES 1K | |
| 2 | Etica | 11.87% | KES 100 | |
| 3 | Nabo | 11.78% | KES 100K | |
| 4 | Avrocap | 11.06% | KES 3K | |
| 5 | Lofty Corban | 10.64% | KES 1K | |
| 6 | Jubilee | 10.53% | KES 5K | |
| 7 | Madison | 10.49% | KES 5K | |
| 8 | Kuza | 10.35% | KES 5K | |
| 9 | Orient Kasha | 10.30% | KES 1K | |
| 10 | Faulu | 10.21% | KES 1K | |
| 11 | Old Mutual | 10.08% | KES 1K | |
| 12 | Britam | 9.45% | KES 1K | |
| 13 | Dry Associates | 9.40% | KES 1M | |
| 14 | GenAfrica | 9.36% | KES 500K | |
| 15 | Sanlam | 9.30% | KES 2.5K | |
| 16 | APA | 9.26% | KES 1K | |
| 17 | KCB | 9.03% | KES 5K | |
| 18 | Genghis | 8.59% | KES 500 | |
| 19 | CIC | 8.43% | KES 5K | |
| 20 | Co-op | 8.21% | KES 500 | |
| 21 | CPF | 8.19% | KES 1K | |
| 22 | ICEA Lion | 8.14% | KES 500 | |
| 23 | NCBA | 7.29% | KES 1K | |
| 24 | Safaricom | 6.87% | KES 100 | |
| 25 | Stanbic | 5.38% | KES 1K | |
| 26 | African Alliance | 4.65% | KES 100K | |
| 27 | Equity | 4.26% | KES 1K |
Serrari Kenya KES MMF Average Index — 6 Month Trend
Last updated: 30 Apr 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.
Money Market Funds with the Highest Returns in Kenya
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.
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 Kenya
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.
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.
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.
Simple Average
The Average Index is calculated as the simple average of yields across all tracked funds. Each fund receives equal weight.
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.
Fund Coverage
KES- and USD-denominated funds tracked separately to avoid currency distortion. Coverage expands as new funds launch.
Withholding Tax (WHT)
15% tax is deducted from your interest earnings before you receive the money. Net yields shown already include this deduction.
Latest News
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Frequently Asked Questions
Based on latest reported gross yield at the time of publication, Cytonn leads at 12.10% 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.
Use the calculator above to estimate earnings for different investment amounts.
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.
- Government Treasury bills
- Treasury bonds
- Bank deposits
However, returns are not guaranteed and may change with market conditions.
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
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.
Compare your fund with the market
Explore fixed deposits, bonds, unit trusts, and other investment options alongside MMFs.