Standard Chartered Bank is one of the best companies for Money Market Fund. The company targets high income earners,who earn at least Ksh200,000 per month.
Key features:
Minimum Initial Investment—Ksh100,000
Monthly deposit—Ksh50,000
Interest Rate—14% per year.
How to invest
Download the Standard Chartered Bank App,login and apply through the investments tab. Under investment, you invest in SC Shilling Fund which is equivalent to MMF.
One advantage of investing in MMF at Standard Chartered Bank is that you are sure the money won’t be lost. You will also earn high interest on your savings. If you invest Ksh2 million per year, you will make at least Ksh280,000 interest.
Before you invest, make sure that you have an account with Standard Chartered Bank. You need your ID,passport size photo and KRA pin to have a new account.
