Best Money Market Funds in Kenya (June 2026): All Yields Ranked
Cytonn, Nabo and Etica top the June 2026 MMF yield table at over 11% gross, while the big-brand funds pay 8.4-9.7%. Here is every major fund ranked, what you actually keep after 15% tax, and how to choose.
Money market funds remain the default home for Kenyan savings in 2026, liquid, low-risk and comfortably ahead of inflation. But the gap between the highest-yielding fund and the lowest on our table is more than 3 percentage points, which on KES 1 million is over KES 25,000 a year in net interest. Here is the June 2026 ranking and how to read it.
The ranking (gross yield, June 2026)
| Fund | Gross yield | ≈ Net of 15% WHT | Typical minimum |
|---|---|---|---|
| Cytonn MMF | 11.43% | 9.72% | KES 1,000 |
| Nabo Africa MMF | 11.34% | 9.64% | KES 1,000,000 |
| Etica MMF | 11.10% | 9.44% | KES 100 |
| Arvocap MMF | 10.45% | 8.88% | KES 3,000 |
| Lofty-Corban MMF | 10.18% | 8.66% | KES 1,000 |
| Britam MMF | 9.73% | 8.27% | KES 1,000 |
| CIC MMF | 8.43% | 7.17% | KES 5,000 |
Yields are annualised from each fund’s published daily rate, already net of management fees, but before withholding tax. They move weekly, so treat the table as a snapshot and confirm the current rate before investing. To see exactly what a given fund pays on your amount with monthly top-ups, run it through our Money Market Fund calculator, it has these funds preloaded.
Why the newer funds out-yield the giants
CIC, Britam, Sanlam, ICEA and Old Mutual manage the bulk of Kenya’s unit-trust assets. Large funds prioritise liquidity and capital preservation, and their sheer size limits how aggressively they can chase rates. Smaller, newer managers (Cytonn, Etica, Arvocap, Lofty-Corban) compete on headline yield to grow their books. Neither approach is wrong, they are different products: one optimises for sleep-at-night scale, the other for return.
How to choose (beyond the headline number)
1. Consistency beats spikes. Compare a fund’s average yield over 6–12 months, not one hot week.
2. Withdrawal speed matters. Standard is 1–3 business days; some funds pay small M-Pesa redemptions same-day. If this is your emergency fund, that speed is the whole point.
3. Check the minimums. Etica starts at KES 100, most funds at KES 1,000–5,000, Nabo at KES 1M, clearly built for different savers.
4. Split large balances. MMFs are CMA-regulated with independent custodians and trustees, but they are not capital-guaranteed and not covered by KDIC deposit insurance. Spreading KES 5M across 2–3 funds is cheap insurance.
MMF vs the alternatives in June 2026
A 364-day Treasury Bill pays about 8.25% (government-backed, but locked for the year and KES 100,000 minimum). Bank fixed deposits span 3–11% depending on the bank and your negotiating power. Ordinary savings accounts at 3–4% lose to 6.7% inflation. For liquid cash, the top MMFs are hard to beat right now, check what inflation does to idle money with the inflation calculator.
Not investment advice. Yields change weekly; verify with the fund manager. See also our Mansa-X vs OAK Special Fund comparison for higher-risk alternatives.