Kenya money market fund yields and investment options

In Kenya, money market funds show varying yields as of late October 2026. Cytonn Money Market Fund led the sector with an effective annual rate of 11.11%, followed by Faulu Money Market Fund at 10.83% and Lofty Corban Money Market Fund at 10.60%. Other notable performers included Ndovu Money Market Fund at 10.49% and Madison Money Market Fund at 10.46%.

Of the 34 funds reviewed, 16 reported yields of at least 10%. Lower yields were reported by Ziidi at 6.12%, Equity at 5.47%, and Stanbic at 5.38%. Investors are advised to consider management fees, minimum investment amounts, and regulatory status when comparing funds.

Regarding broader investment choices, Kenyans weigh the benefits of shares on the Nairobi Securities Exchange against traditional savings accounts. While shares offer potential for long-term growth and dividends, they carry market risk. Savings accounts provide more stability and liquidity for emergencies. In Kenya, the Deposit Insurance Corporation protects deposits in member institutions up to Ksh 500,000 per depositor, though this protection does not extend to share investments.