Where should a chama invest its money in Kenya?

It depends on when the group needs the money. Money needed soon is usually kept where it can be withdrawn in days, such as a money market fund; money not needed for a year can go into a Treasury bill of that length. This page compares what each earns after tax for your amount and timing, at today's rates. Information, not advice.

Can a chama buy Treasury bills?

Bills are bought through the CBK's DhowCSD platform, which needs a CSD account in the group's name and a bank account to pay from; the CBK's DhowCSD portal sets out what a group needs to open one. The minimum non-competitive bid is KES 50,000.

Chama Money Hub · Kenya

Where should our chama put its money?

Put in what the group has and when you will need it. See what every option earns after tax, at today’s rates from the Central Bank of Kenya and the fund managers, then send it to the group on WhatsApp or print it for the meeting.

How much the chama has (KES)When the group will need it

KES 500,000, needed in about 6 months: what each option earns after Kenya’s 15% withholding tax, most first.

Option	Rate a year	Earns, after tax
Money market fund (Etica Money Market Fund (KES))withdraw in a few days, yield changes daily · highest yield we can confirm, read 2026-11-04	10.13%	KES 21,467over 182 days
182-day Treasury billlocked 182 days · CBK auction of 2026-11-02	8.85%	KES 18,756over 182 days
91-day Treasury billlocked 91 days · CBK auction of 2026-11-02	8.75%	KES 18,542over 182 days, rolled over at today’s rate
Bank deposit, industry averagefixed term, ask the bank · CBK, 2026-09	6.94%	KES 14,707over 182 days
Bank savings account, industry averageany time · CBK, 2026-09	3.53%	KES 7,481over 182 days

Send to the chama on WhatsApp

For the treasurer

Before the group decides

Keep money the group may need soon where it can be withdrawn quickly; lock away only what can wait.
Hold the account in the group’s registered name, with at least two signatories, never in one member’s name.
A fund’s yield changes daily and is not promised; a Treasury bill’s rate is fixed once bought.
Get statements sent to more than one official so every member can see the balance.

Also compare

Other places groups save

SACCO dividends and interest on deposits, as each SACCO declares them.
Next Treasury bill auction: likely rates, and did your bid win.
Every money market fund we can read, after tax.

Rates before tax as published; earnings after Kenya’s 15% withholding tax on interest. Information, not advice.

Quick answers

Questions people ask

Where should a chama invest its money in Kenya?: It depends on when the group needs the money. Money needed soon is usually kept where it can be withdrawn in days, such as a money market fund; money not needed for a year can go into a Treasury bill of that length. This page compares what each earns after tax for your amount and timing, at today's rates. Information, not advice.
Can a chama buy Treasury bills?: Bills are bought through the CBK's DhowCSD platform, which needs a CSD account in the group's name and a bank account to pay from; the CBK's DhowCSD portal sets out what a group needs to open one. The minimum non-competitive bid is KES 50,000.