Your goal
2 months from now, saving at the end of each month.
What to save each month
Save each month, in the best money market fund we track
KES 29,865
School fees: KES 60,000 by January 2027. Interest does KES 270 of the work.
- Best money market fund we track (Zimele Fixed Income Fund (Savings Plan))11.40% a year after tax · withdraw in 2 to 3 daysKES 29,865+KES 270 interest
- A typical money market fund (Kasha Money Market Fund)8.86% a year after tax · the middle of the funds we trackKES 29,894+KES 212 interest
- Bank fixed deposit, average5.90% a year after tax · CBK average, 2026-09; money locked for the termKES 29,926+KES 147 interest
- Bank savings account, average3.00% a year after tax · CBK average, 2026-09KES 29,963+KES 75 interest
- Cash or M-PESA0.00% a year after tax · no interestKES 30,000+KES 0 interest
Over 2 months, the best money market fund we track needs KES 270 less from you than cash or M-PESA.
Rates change, so treat this as a guide: money market fund yields move daily, and past yields do not promise future ones. A Treasury bill needs at least KES 50,000 at once, so it suits a lump sum rather than monthly saving.
Where the rates come from
Today’s rates, after tax
Money market fund yields are each manager’s own published figure; bank rates are the Central Bank of Kenya’s averages. All are shown after the 15% withholding tax on interest. See every fund and bank rate on Kenya rates compared. SACCOs pay their dividends and deposit interest once a year, so they are compared separately on SACCO rates.
Also see
More money tools
Information, not advice. Fund yields are not guaranteed.
Quick answers
Questions people ask
- How much should I save each month to have KES 100,000 in a year?
- About KES 7,927 a month in the best money market fund we track at today's after-tax rate, against KES 8,333 if the money earns nothing. The planner works it out for any goal and date.
- Where should I keep money I am saving for school fees?
- Somewhere you can reach on the date and that pays more than inflation after tax. On the rates we track, money market funds currently pay more than bank savings accounts and pay out in a few days; a fixed deposit locks the money for its term. Rates change, so check them before you choose.
- Can I save monthly in Treasury bills?
- Not easily: a Treasury bill needs at least KES 50,000 of face value at once. One way is to build up the amount in a money market fund first, then buy a bill.