CIC Money Market Fund — review & details
One of Kenya's largest and longest-running money market funds, run by CIC Asset Management and CMA-regulated. A solid, conservative, mainstream option for savers who want a big-name manager.
CIC Money Market Fund
★★★★☆
CMA-licensed collective investment scheme (CIC Asset Management)
Regulator
About KSh 5,000 to open; top-ups from ~KSh 1,000
Minimum
Variable, accrues daily — check the current net rate (moves weekly; 15% WHT applies)
Yield
Withdrawals typically settle in ~2 business days (T+2)
Access
Manager / independent trustee / custodian structure — not KDIC-insured
Protection
Pros
- Large, established fund and manager
- Daily interest, a real step up from a bank account
- CMA three-party protection structure
Cons
- Typically mid-pack on yield
- Higher minimum than some rivals
- Not KDIC-insured
How CIC Money Market Fund compares in savings & fixed deposits
| CIC Money Market Fund | Treasury Bills (91 / 182 / 364-day) | Sanlam Money Market Fund | |
|---|---|---|---|
| Regulator | CMA-licensed collective investment scheme (CIC Asset Management) | — | CMA-licensed collective investment scheme (Sanlam) |
| Minimum | About KSh 5,000 to open; top-ups from ~KSh 1,000 | KSh 50,000 (non-competitive bid), in multiples of KSh 50,000 | About KSh 2,500 to open; top-ups from ~KSh 1,000 |
| Yield | Variable, accrues daily — check the current net rate (moves weekly; 15% WHT applies) | Set at the weekly CBK auction — check the current rate at centralbank.go.ke | Variable, accrues daily — check the current net rate (moves weekly; 15% WHT applies) |
| Access | Withdrawals typically settle in ~2 business days (T+2) | — | Withdraw in a couple of business days |
| Protection | Manager / independent trustee / custodian structure — not KDIC-insured | — | Manager / independent trustee / custodian structure — not KDIC-insured |
| Read our CIC MMF review → | Current rates at the Central Bank → | Read our Sanlam MMF review → |
← Compare all savings & fixed deposits
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