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CIC Money market fund
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Chaka
#11 Posted : Monday, April 10, 2017 11:12:49 AM
Rank: Elder

Joined: 2/16/2007
Posts: 2,114
Angelica _ann wrote:
Chaka wrote:
African Alliance?
Impunity wrote:
Angelica _ann wrote:
I have been using AA since 2005 for any excess fund. Rate is not the best but ok. I like their customer service and withdrawal takes 2 days - through Citigroup.


AA is Amana Fund?



Africa Alliance, yap. That was then though @maka has roped me into IFBs of late.


What's the return like at AA for the month of feb?According to my statements from CIC and Sanlam,the net return is 9.01% and 8.04% respectively,ie 10.6% and 9.46% gross...are there better places to park cash apart from M-Akiba,IFB,Cytonn?
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maka
#12 Posted : Monday, April 10, 2017 11:20:32 AM
Rank: Elder

Joined: 4/22/2010
Posts: 11,522
Location: Nairobi
Chaka wrote:
Angelica _ann wrote:
Chaka wrote:
African Alliance?
Impunity wrote:
Angelica _ann wrote:
I have been using AA since 2005 for any excess fund. Rate is not the best but ok. I like their customer service and withdrawal takes 2 days - through Citigroup.


AA is Amana Fund?



Africa Alliance, yap. That was then though @maka has roped me into IFBs of late.


What's the return like at AA for the month of feb?According to my statements from CIC and Sanlam,the net return is 9.01% and 8.04% respectively,ie 10.6% and 9.46% gross...are there better places to park cash apart from M-Akiba,IFB,Cytonn?


Those are the best...in terms of returns and safety.Nikubaya.
possunt quia posse videntur
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Chaka
#13 Posted : Monday, April 10, 2017 6:02:42 PM
Rank: Elder

Joined: 2/16/2007
Posts: 2,114
maka wrote:

Those are the best...in terms of returns and safety.Nikubaya.

Have seen elsewhere that Britam's Wealth Management thing is giving 11% for 3 months..a one month investment is not on offer.
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Ebenyo
#14 Posted : Tuesday, April 11, 2017 5:33:00 AM
Rank: Veteran

Joined: 4/4/2016
Posts: 2,016
Location: Kitale
Bachuma Gate wrote:
@Mutaga Been running 3 separate accounts with them since 2015. I have not complaints so far. Interest is paid monthly and compounded.

Withdraws hit my account with 2 days since I bank with coop their banker.

You can topup as little as 1k.

You get statement monthly electronically.

They charge 1000/- for a subsequent withdrawal within the month.

Interedt rate is +TB rate most times.


is withdrawals allowed only once a month? what about charges?
Towards the goal of financial freedom
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