Top Money Market Funds in Kenya: Where Smart Savers Are Parking Their Cash
Banknotes and Coins Beside Gray Safety Box. [Photo/Pixabay/Pexels]
In a volatile economic climate marked by high inflation, taxation uncertainties, and rising living costs, Kenyan investors are increasingly turning to Money Market Funds (MMFs) for financial stability and competitive returns.
Once reserved for high-net-worth individuals and corporates, MMFs have now become mainstream, offering an accessible, low-risk option for savers looking to preserve capital while earning interest.
As Kenya’s financial landscape evolves, MMFs are emerging as a critical tool for wealth building and inflation protection for individuals, SMEs, and even chamas. Whether you’re saving for an emergency, school fees, or simply looking to beat inflation, parking your money in a trusted MMF could be the smartest move you make this year.
MMFs pool money from multiple investors and invest it in short-term, low-risk instruments such as treasury bills, commercial paper, and fixed deposits. Most funds allow daily withdrawals, making them ideal for emergency funds, passive saving, and even business cashflow management.
Here’s a look at the top-performing and most trusted MMFs in Kenya as of 2025, based on yield, accessibility, fund size, and reputation.
1. CIC Money Market Fund
Average Yield: ~11% p.a.
Minimum Investment: KSh 500
Access: USSD, mobile apps, M-Pesa
CIC remains a market leader, offering competitive returns and strong fund stability. Its broad agent network and user-friendly digital platforms make it ideal for both beginners and seasoned investors.
2. NCBA Money Market Fund
Average Yield: ~10.5% p.a.
Minimum Investment: KSh 1,000
Access: NCBA Loop App, mobile banking
Backed by one of Kenya’s most trusted banks, the NCBA MMF offers attractive interest rates and seamless integration with digital banking services.
3. Sanlam Money Market Fund
Average Yield: ~10% p.a.
Minimum Investment: KSh 2,500
Access: Sanlam Portal, mobile options
Sanlam’s strong fund management team and consistent returns have earned it a loyal client base. It’s particularly popular among corporate clients and mid-level savers.
4. Madison Money Market Fund
Average Yield: ~10–10.5% p.a.
Minimum Investment: KSh 5,000
Access: App and online platform
Madison’s MMF is among the fastest-growing in Kenya, buoyed by its consistent returns and growing investor education campaigns.
5. Zimele Money Market Fund
Average Yield: ~9.5–10% p.a.
Minimum Investment: KSh 100
Access: Zimele App, USSD, M-Pesa
Popular among low-income and first-time investors, Zimele offers flexibility, transparency, and excellent customer support. Its low entry point makes it highly inclusive.
6. Absa Money Market Fund
Average Yield: ~9.8% p.a.
Minimum Investment: KSh 1,000
Access: Absa Timiza App
Absa’s offering is known for reliability and the convenience of its mobile platform. Ideal for existing Absa customers looking to diversify their savings.
7. Old Mutual Money Market Fund
Average Yield: ~9.5% p.a.
Minimum Investment: KSh 1,000
Access: Mobile App, M-Pesa
Old Mutual offers solid fund governance and a long-standing track record in financial services. The fund is well-regarded for its transparency and stability.
Why MMFs Are Trending
- Higher returns than traditional savings accounts
- Liquidity, allowing investors to withdraw funds quickly
- Capital preservation, making them safer than stocks or crypto
- Easy access through mobile money integration
- Low barriers to entry, with some requiring as little as KSh 100
What to Consider Before Investing:
- Annual yield (net of fees)
- Reputation and regulation of the fund manager
- Liquidity terms (some funds take up to 72 hours to process withdrawals)
- Investment strategy and portfolio breakdown
- Customer support and digital access
