25 Best Money Market Funds (MMFs) in Kenya in 2026: All You Need to Know

The 25 Best Money Market Funds (MMFs) in Kenya in 2026 remain a go-to for safe, liquid growth in a moderate-rate environment. As of early February 2026, effective annual yields range from ~11-12% gross at the top (e.g., Cytonn and Arvocap leading) to 8-9% for stable, high-AUM funds—still strong vs. savings accounts (~3-6%) and ahead of inflation (~5-7%).

Yields have stabilized lower than 2025 highs due to CBK policy and T-bill trends, but MMFs excel for emergency funds, short-term savings, or parking cash with daily compounding.

What Are Money Market Funds in Kenya? MMFs are CMA-regulated unit trusts investing in low-risk, short-term assets: Treasury bills, fixed deposits, bank placements, and quality bonds. Highlights:

• Low risk — Focus on capital preservation.
• High liquidity — Withdraw in 1-4 days (often same/next day).
• Attractive returns — Gross effective 8-12%; net ~7-10% after 15% withholding tax + fees (~1-2%).
• Easy entry — Min KSh 100-5,000; via apps, USSD (*e.g., 809# for Cytonn), M-Pesa, or online.
• No lock-in — Interest compounds daily, credited monthly.

Top 25 Best Money Market Funds in Kenya 2026 (Ranked by Recent Effective Annual Yields) (Approximate gross effective rates from Feb 2026 data; top spots fluctuate slightly week-to-week.)

1. Cytonn Money Market Fund — ~11.81-11.9% (consistent leader; low min KSh 100; app/USSD easy).
2. Arvocap Money Market Fund — ~11.8-12.13% (frequent top performer; strong recent momentum).
3. Nabo Africa Money Market Fund — ~11.78-11.8% (reliable; solid group backing).
4. Etica Money Market Fund — ~11.2% (beginner-friendly; low entry).
5. Ndovu Money Market Fund — ~11.1%.
6. Enwealth Money Market Fund — ~11.1%.
7. Lofty-Corban Money Market Fund — ~11.0% (rapid growth; high AUM milestone).
8. Gulfcap Money Market Fund — ~10.8%.
9. Orient Kasha Money Market Fund — ~9.5-10%.
10. Britam Money Market Fund — ~9.4-10% (insurer-backed; robust platform).
11. Madison Money Market Fund — ~9.8-10% (daily ~9.37%; effective ~9.83%).
12. Sanlam Money Market Fund — ~9.0-9.5% (largest AUM ~KSh 130B+; 19%+ market share; ultra-stable).
13. KCB Money Market Fund — ~9.0% (seamless for KCB customers).
14. CIC Money Market Fund — ~8.5-9% (massive AUM; fast processing).
15. Old Mutual Money Market Fund — ~8.7-9%.
16. Jubilee Money Market Fund — ~8.7-9%.
17. ICEA Lion Money Market Fund — ~8.6%.
18. Faulu Money Market Fund — ~8-9%.
19. Apollo Money Market Fund — ~8.2%.
20. Dry Associates Money Market Fund — ~8-9%.
21. Genghis Money Market Fund — ~8.5%.
22. CPF Money Market Fund — ~8.5%.
23. NCBA Money Market Fund — ~8-9% (strong banking integration).
24. Co-op Money Market Fund — ~8-9% (co-op bank-linked convenience).
25. Stanbic Money Market Fund — ~8-9.5% (global-backed; recent factsheet ~9.97% monthly average effective).

Key Insights for 2026

• Top tier — Cytonn, Arvocap, Nabo often swap 1-3 spots (11-12% gross).
• Market dominators — Sanlam (top share), CIC, NCBA, Britam—prioritize for size/stability.
• Net reality — Deduct 15% tax (e.g., 12% gross → ~10.2% net) + fees.
• USD options — Lower (~5-6%; e.g., Cytonn/Etica USD variants).
• Trends — Yields holding steady early 2026; monitor CBK for shifts.

How to Pick the Best MMF in 2026

1. Yield focus — Effective annual + consistency (factsheets/weekly trackers).
2. Liquidity/fees — Fast withdrawals; low/no entry/exit costs.
3. Entry & ease — Low min + app/USSD access.
4. Reputation — Check CMA licensing, AUM, and reviews.
5. Diversify — Split across 2-3 for balance.

Risks to Note

• Rate drops if CBK eases further.
• Not fixed-deposit guaranteed (very low risk overall).
• Inflation impact if yields fall below ~7-8%.

How to Invest Right Now

• App/USSD
• Register with ID/KRA PIN.
• Deposit via M-Pesa/bank.
• Track & withdraw anytime.