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Ziidi is investment product from Safaricom categorized under Money Market Fund.The minimum amount to invest is Ksh 100 and the interest rate ranges between 7% and 9.2% per year.If you invest Ksh 1,000,000 and earn interest of 7% to 9.2%,it means your money will earn:
7% interest—Ksh 70,000 per year
9.2% interest—-Ksh 92,000 per year
Your money will attract 15% tax, which means that you will earn at least Ksh 60,000 per year.
But we have used the annual rate yet you earn interest daily which is compounded. This implies that the profit will not drop much from the Ksh70,000 and Ksh90,000 stated above.