If you search for the best money market fund in Kenya, the tempting answer is a ranked list. The problem is that MMF rates move. A fund that leads one week may not lead the next, and a high published yield does not tell you everything about access, fees or the way the figure was calculated.
A better way to answer the question is in two steps: check the latest rate, then check whether the product fits what you need the money to do.
Which MMF has the highest rate in Kenya right now?
In Amka’s latest broad industry snapshot dated 25 September 2026, Cytonn MMF and Nabo Africa MMF are tied at 11.00%. Faulu follows at 10.80%, while Arvocap and Lofty-Corban are at 10.70%.
| # | Fund | Published yield | Minimum |
|---|---|---|---|
| 1 | Cytonn MMF | 11.00% | KSh1,000 |
| 2 | Nabo Africa MMF | 11.00% | KSh100,000 |
| 3 | Faulu MMF | 10.80% | KSh1,000 |
| 4 | Arvocap MMF | 10.70% | KSh1,000 |
| 5 | Lofty-Corban MMF | 10.70% | KSh1,000 |
| 6 | Enwealth MMF | 10.60% | KSh1,000 |
| 7 | Kuza MMF | 10.60% | KSh5,000 |
| 8 | Madison MMF | 10.60% | KSh5,000 |
| 9 | Ndovu MMF | 10.50% | KSh500 |
| 10 | Globetec MMF | 10.40% | Not listed |
The 35-fund Amka field averages about 9.26%. Use the full MMF rates page to see every fund, source date and minimum. These are dated published yields, not guaranteed future returns.
How to compare money market funds in Kenya
| Check | Why it matters |
|---|---|
| Published yield | Shows recent performance or the provider’s reported rate, but it can change. |
| Date of the figure | A newer rate is generally more useful than an old figure presented without context. |
| Minimum investment | Determines whether the fund is accessible at the amount you want to start with. |
| Withdrawal time | Important for emergency funds and money you may need quickly. |
| Fees and rate basis | Two headline percentages may not be directly comparable if the calculation basis differs. |
| Regulatory status | Confirm the scheme and provider through the Capital Markets Authority’s current approved/licensed lists. |
Is the highest-rate MMF automatically the best?
No. “Highest rate” is a measurable data point; “best” depends on more than one factor. A person building an emergency reserve may care heavily about withdrawal speed. Someone starting with a small amount may care about the minimum. Another investor may want to compare reporting quality, fees or the fund’s mandate.
That is why Amka separates ranking by published rate from a recommendation. The table can tell you which number is highest in the available data. It cannot decide which product fits your situation.
Are money market funds regulated in Kenya?
Money market funds sit within Kenya’s collective-investment-scheme framework. The Capital Markets Authority publishes lists of approved collective investment schemes and licensed market participants. Before investing, verify the current scheme/provider directly with CMA rather than relying only on a social-media post or screenshot.
Regulation is important, but it does not mean a return is guaranteed or that every fund has the same risk, liquidity or fee structure. Read Are money market funds safe in Kenya? for the risk and verification checks.
MMF vs Treasury Bill: which should you compare?
Both can be used for short-term money, but they work differently. Treasury Bills are government securities with 91, 182 and 364-day maturities and are auctioned by the Central Bank of Kenya. MMFs are pooled funds managed under an investment mandate and generally offer easier ongoing deposits and redemptions, subject to each provider’s terms.
See Amka’s full MMF vs Treasury Bills comparison before deciding which structure better matches the job of the money.
How much can KSh100,000 earn in an MMF?
The answer depends on the rate and the basis of that rate. Instead of hard-coding one yield, use Amka’s MMF calculator to test KSh100,000, KSh500,000 or any other amount at the rate you are actually comparing. If you are starting specifically with KSh50,000, see how KSh50,000 compares across MMFs, T-Bills and deposits.
How much do you need to start?
Entry amounts vary widely. See AMKA’s MMF minimum investment guide for current examples from KSh100 upward.
Compare the details behind the rate
Go deeper on MMF withdrawal times, MMF tax treatment and MMF fees before comparing headline yields.
Frequently asked questions
What is the best money market fund in Kenya in 2026?
There is no single fund that is automatically best for everyone. Compare current yield, date, access, minimums, fees, reporting basis and regulatory status.
Which money market fund has the highest rate in Kenya?
The leader changes. Check the current Amka MMF table, which orders available published rates from highest to lowest.
Should I move money every time another fund shows a higher rate?
Not automatically. Consider whether the difference is current and comparable, plus transfer friction, liquidity, fees and your own time horizon.
Sources and tools
- Capital Markets Authority — approved collective investment schemes ↗
- Amka — current MMF comparison
- Amka — methodology