As this new year unfolds, markets are increasingly anticipating rate cuts. This expectation arises because the Central Bank of Kenya (CBK) reduced the benchmark rate (CBR) three times before the end of 2024. The cumulative reduction was nearly two percentage points, from 13% on June 5 to 11.25% in its final review in December. Consequently, deposit interest rates, including money market account rates, have been falling.
The highest money market account rate in 2025 is 16.61% annual percentage yield (APY), lower by 1.7% compared to the best MMF yield last year in July before the CBK had started lowering its policy rate. This APY is offered on the Cytonn Money Market Fund Account, which was the second-best at that time, with 18.34%, behind Etica MMF, which had a nominal rate of 18.36%.
Today, Etica ranks fourth overall on the list of best money market funds with the highest interest rates, offering a 15.90% interest rate, behind newcomer GulfCap Money Market Fund and the well-established Lofty Corban, which offer 16.25% and 16.26% APYs, respectively.
> Top 10 Best Money Market Funds in Kenya 2024
It’s more important than ever to compare MMF rates and ensure you earn as much as possible on your balance.
Business Today’s editorial team has reviewed over a dozen financial institutions to find the top 15 money market fund (MMF) accounts with the highest interest rates in Kenya right now in 2025.
Best Money Market Rates of January 2025
Here are the top 15 money market funds in Kenya offering the highest interest rates:
1. Cytonn Money Market Fund: Earn up to 16.61% interest rate
2. Lofty Corban Money Market Fund: Earn up to 16.26% interest rate
3. GulfCap Money Market Fund: Earn up to 16.25% interest rate
4. Etica Money Market Fund: Earn up to 15.90% interest rate
5. Kuza Money Market Fund: Earn up to 15.39% interest rate
6. Arvocap Money Market Fund: Earn up to 15.12% interest rate
7. Orient Kasha Money Market Fund: Earn up to 14.18% interest rate
8. Dry Associates Money Market Fund: Earn up to 13.73% interest rate
9. Sanlam Money Market Fund: Earn up to 13.65% interest rate
10. Madison Money Market Fund: Earn up to 13.62% interest rate
11. Faulu Money Market Fund: Earn up to 13.55% interest rate
12. Co-op Money Market Fund: Earn up to 13.34% interest rate
13. KCB Money Market Fund: Earn up to 13.33% interest rate
14. Nabo Money Market Fund: Earn up to 13.14% interest rate
15. Britam Money Market Fund: Earn up to 13.12% interest rate
A money market account can be an ideal place to earn a competitive yield on your savings because they often have higher annual percentage yields (APYs) than traditional savings accounts.
Moreover, they are considered safe because they seek to provide stability in the value of investments and guarantee liquidity through exposure to different types of assets, all of which have a short maturity period.
However, like all investments, the value of MMF investments and the income from them can fall as well as rise, and returns are not guaranteed. Investors may not get back the amount originally invested.
> How to Invest in KCB Money Market Fund
Thanks a lot for the great read, Justus!
Welcome and thanks too for reading!
What about cic mmf
Thanks for this….I loved it
I would like to join one of the Sacco’s but I don’t know where to start from
Just visit one of their offices and make an inquiry
Interesting
Where does I&m money market fund stand in terms annual %ge profits for investors
Madison was higher and we have the likes of britam which has performed well over the years.
Great information over here!
I’m just wondering which is the best MMF institution to save with.. how to stable is etica n Britam compared with banks like kcb or Absa
I work with Lofty Corban. In case you are interested call
Tel: 0728 242 002
How is GCIB on MMF? Can i consider them?
Is it okay to invest in more than 1 company
How is zidii money market fund from safaricom??? Am so interested.
Very ok to open account with more than one company. Actually you can blend your portfolio with a mixture of high interest earning like of Etica and lofty carbon with a little bit of well known stable fund managers like madison, britam, oldmutual etc