15 Best Money Market Funds in Kenya 2025
Money market funds provide an easy way to save and invest your money. They offer higher interest rates than ordinary savings accounts. Money market funds are now popular in Kenya because of their attractive features. Apart from high interest, these funds are highly liquid, low-risk, and secure. In this article, we will explain what money market funds are, why they are a good choice, and give you a detailed list of the top 15 money market funds in Kenya for 2025. We will also compare their interest rates, features, fees, and overall performance to help you make the best investment decision.
What Are Money Market Funds and How Do They Work?
A money market fund is a type of mutual fund that is low-risk and offers high returns on savings and investments. These funds operate by pooling money from individual investors to buy short-term, low-risk, and highly liquid government securities. They target government securities such as treasury bills, fixed deposits, and commercial papers. The goal of a money market fund is to earn interest on these investments while keeping your money safe. Money market funds are managed by professional fund managers who choose the best options to generate high returns.
Why Money Market Funds Are Popular in Kenya
Kenyans are creative and hardworking people. They are industrious and money-minded people. Money market funds have attracted the attention of many Kenyans over time. The funds are low risk, highly liquid, secure, and offer higher interest on savings than ordinary savings accounts. Joining a money market is simple. Most funds allow you to invest as little as Ksh 100 to Ksh 1,000. The funds also pay interest daily or monthly, depending on the provider. Most market funds provide online accounts, allowing people to manage them anywhere, anytime.
Why Choosing the Right Money Market Fund Matters?
Choosing the right money market fund is critical because the funds differ in many ways. Therefore, it is important to select a fund that aligns with your goals. Money market funds differ in features. Some funds have high rates of return, high risk levels, monthly fees, and minimum balances. Understanding these features will help you choose a fund that aligns with your goals.
Top 15 Money Market Funds in Kenya (2025)
Let’s look deeply into the top-performing money market funds in Kenya in 2025. We have ranked the funds based on returns, reliability, customer satisfaction, and ease of access.
1. CIC Money Market Fund
The CIC money market fund is owned by CIC Insurance and managed by CIC Asset Management. The fund is a low-risk fund and offers high returns on investments. It pools money from individual investors and invests in government securities, such as Treasury bills, bonds, and commercial paper. The minimum investment capital is just KSh 500, and the fund offers an interest rate of around 11% per year. Interest is calculated daily and paid out monthly. The fund allows fast withdrawals within 2–3 working days, making it suitable for short-term savings or emergency funds.
2. NCBA Fixed Income Fund
The NCBA Fixed Income Fund is a low-risk investment that prioritises the safety of investors’ capital. This fund offers competitive returns of about 8.5% per year as of 2026. The minimum investment is KSh 5,000 and a management fee of 2% per year. The NCBA Fixed Income Fund is highly liquid, allowing fast withdrawals. The user-friendly mobile app enables investors to track their investments in real-time. The fund can also be accessed through internet platforms.
3. Sanlam Money Market Fund
The Sanlam Investments East Africa manages the Sanlam Money Fund. It is a low-risk fund that aims to protect investors’ capital. The fund pools investors’ money and invests in highly liquid government securities, such as Treasury bills, bonds, and commercial paper. The minimum investment capital is KSh 2,500. Withdrawals are processed within 2 to 3 days, and interest is calculated daily. This makes it a good option for short-term investments.
4. ICEA Lion Money Market Fund
The ICEA Lion Insurance Company runs this money market fund. The fund is a low-risk, high-interest, and highly liquid. You can invest in this fund with a minimum balance of KSH 500. This fund aims to preserve and protect investors’ capital. It invests investors’ capital in fixed deposits, short-term bonds, treasury bills, and commercial papers. Interest is calculated daily and paid out monthly. The fund is easily accessible through mobile apps and internet platforms. This makes it easier to manage and track investments.
5. Madison Money Market Fund
The Madison Money Market Fund is a high-interest mutual fund that aims to preserve and protect investors’ capital. The fund has a minimum investment balance of KSH 5,000 and a monthly minimum top-up of KSH 1,000. It pays a return on investment of more than 10% per year and charges a management fee of 2% per year. Madison is considered a reliable fund with a good reputation. It suits investors who want a stable income with minimal risk over the medium to long term.
6. Zimele Money Market Fund
Zimele is one of the most affordable and beginner-friendly funds in Kenya. It has a minimum investment balance of KSh 100, making it perfect for students, low-income earners, and new investors. This fund offers an interest of about 9.5% per year on investments. The account can be accessed through mobile apps or internet platforms. This fund is great for building a savings habit and growing small amounts over time.
7. Old Mutual Money Market Fund
Old Mutual is a low-risk and highly liquid money market fund. It invests in a diversified portfolio of government debt instruments like treasury bills, bonds, and commercial paper. This fund offers an annual yield of more than 10%. It is a high-interest fund suitable for both short-term and long-term investments. You can start investing with a minimum of KSh 1,000 and receive monthly interest. The fund IS reputable for financial stability.
8. Co-op Money Market Fund
The Co-op Money Market Fund offers competitive returns of around 9.5%. This fund is low-risk, good for preserving capital while earning interest. Interest is calculated daily and paid out monthly. To invest in this fund, you need to have a minimum investment of KSh 2,000, which is especially convenient for Co-op Bank customers. The Co-op Money Market Fund can be easily accessed through mobile banking and offers good customer service. The fund is highly liquid, allowing for withdrawals to be ready within 2 or 3 days.
9. GenAfrica Money Market Fund
This fund aims at capital preservation. It has a minimum investment of KSH 500,000 and flexible withdrawals, allowing investors to withdraw money without any restrictions. GenAfrica Money Market is a low-risk fund with competitive returns. It has a management fee of 2% per year. Investors can either withdraw their earned interest each month or reinvest the earnings. It is ideal for people who want a professionally managed fund with structured reporting and performance updates.
10. Britam Money Market Fund
The Britam Money Market is good for short-term savings. Britam is a low-risk, highly liquid fund that processes withdrawals within 48 hours. The fund has a minimum initial investment of KSH 1,000. Investors of the Britam money market fund enjoy an interest rate of up to 9.5%. This fund offers an easy-to-use digital platform, making it simple to invest, monitor returns, and make withdrawals. It’s a good option for investors looking for consistent performance and ease of access.
11. Apollo Money Market Fund
The Apollo money market fund invests in low-risk government debt securities such as treasury bills, bonds, and commercial paper. It offers competitive returns and is highly focused on protecting investors’ capital. You can start investing with KSh 1,000, and the fund pays interest monthly. The fund is a good choice for individuals and small businesses that want to grow idle cash with minimal risk.
12. Cytonn Money Market Fund
Cytonn’s Money Market Fund has features similar to other funds. The fund offers returns of about 11% per year and aims to preserve investors’ capital. Cytonin is a low-risk money market fund that invests in short-term government securities such as treasury bills and bonds. The minimum investment is Ksh 1,000. It’s best for people looking for high short-term returns and who don’t need immediate access to their funds.
13. Absa Money Market Fund
The Absa Money Market Fund invests in low-risk, diversified assets such as treasury bills and bonds. It offers competitive returns of around 9% per year. Interest is calculated daily and compounded monthly. The fund has a minimum investment of KSh 5,000. Savings can be accessed anytime with withdrawals maturing within 3 days. Absa Money Market Fund is digital and can be accessed through USSD code, internet platform, and mobile app. This fund is a good choice for those looking for long-term financial security.
14. Equity Money Market Fund
This fund is professionally managed, and it aims to protect investors’ capital. The equity money market fund invests in assets such as treasury bills, bonds, and commercial paper. It offers competitive returns of about 9.5 % per year and can be accessed through Equity Bank’s mobile platforms. You can start investing with as little as KSh 1,000. It is a good option for those interested in online investing.
15. Stanlib Money Market Fund
Stanlib is an international investment company with operations in Kenya. Their money market fund is known for professionalism, transparency, and a history of reliable performance. The minimum investment is KSh 5,000. The fund has competitive returns of around 9% per year. The Stanlib money market fund focuses on preserving capital and generating stable income. It’s a good option for conservative investors who prefer safety and peace of mind over chasing high returns.
Analyzing Returns: What to Expect from the Top Money Market Funds in 2025
What Are Money Market Fund Returns?
Money market funds invest in safe, short-term assets such as treasury bills, bonds, bank deposits, and commercial papers. They make money by investing in short-term and low-risk financial assets. These earnings are given to investors as interest, usually paid monthly.
Comparing Fund Returns in 2025
In 2025, most money market funds offer returns between 9% and 11% per year. Funds like CIC, Cytonn, and ICEA Lion are leading with returns close to or above 11%, making them ideal for people looking for higher growth. Others, like Zimele and Apollo, offer slightly lower returns but are more conservative and safer.
Importance of Daily Interest and Monthly Payouts
Daily interest is a strategy that maximizes the fund’s returns through compounding. Compound interest allows investors to earn returns from their previously earned interest. It means that today’s returns will earn interest tomorrow and on subsequent days. Monthly payouts enhance liquidity. A highly liquid fund is good for short-term savings.
Understanding Charges: What You Should Know Before You Invest
Why Fund Fees Matter
Some money market funds charge management fees for maintaining your investments. In most cases, management fees are always 2% per year. These charges affect the overall return from your investments. Literally, management fees reduce the amount of your earned interest. Funds that charge zero management fees are more profitable.
Common Charges in Money Market Funds
Most funds in Kenya charge an annual fee of around 1% to 2%. This fee is deducted before you receive your interest, so you don’t need to pay extra. Some funds may also charge withdrawal fees if you take out money before a certain period. Always read the fund documents to check for any hidden costs.
Finding Low-Fee Options
Zimele and ICEA Lion are examples of funds with very low fees, which help you earn more in the long run. Choose a fund with lower or zero fees and steady returns to maximize your investment gains over time.
How Kenya’s Economy Affects Money Market Fund Performance
Economic Trends in 2025
Kenya’s economy in 2025 is expected to grow steadily, with lower inflation compared to previous years. This is good news for investors because a stable economy supports better interest rates and returns in money market funds.
Impact of Inflation on Your Returns
When inflation is high, the value of your money reduces. Fortunately, most funds in Kenya offer returns higher than inflation level. This helps protect the value of your money.
Interest Rate Movements and Fund Yields
Money market funds earn more when interest rates go up. In 2025, interest rates in Kenya are projected to remain attractive, which is why most funds are offering good yields. However, it’s important to stay updated because changes in interest rates directly affect how much your fund can earn.
Conclusion: Invest in the Right Money Market Fund
Money market funds offer a great way to grow your savings and protect your money. They pay higher interest than ordinary savings accounts. Money market accounts have low risk and easy accessibility. They can be easily accessed through the internet and mobile apps.
To choose the right fund, consider returns, fees, minimum investment, and how quickly you can withdraw your money. You can also read reviews from other investors and check the fund’s performance over time. You don’t need much money to get started. Some funds allow you to invest with as little as KSh 100. The right time to invest is now. Start your investment the right way and be consistent.