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Money market funds uptake growing, but do we understand them?
Millions of Kenyans are discovering money market funds as a safe, accessible way to grow their savings while avoiding low bank interest and risky investments.
Imagine you are a 35-year-old running a side hustle. Your contracted driver deposits Sh2,000 daily into your mobile money account. For months, your money remains there; safe, yes, but not growing. Or consider a 28-year-old professional who recently landed a good job.
Instead of letting his salary pile up in a bank account earning almost nothing, he could put it somewhere it starts working for him immediately, while still being available when he needs it.
