kevin92 wrote:Hello people, new to the site just wanted to get some information on money market such as best organizations to start off with, drawbacks and the accumulation period over a period of 1 year for say 500,000 k any advise would be greatly appreciated.
Welcome,there is a search box up there which is useful..
you may start by going through this post..
http://www.wazua.co.ke/f...spx?g=posts&t=27359
Also do note that the daily yields for the various providers are quoted in the dailies.Some of the providers charge an admin fee whereas others don't for example CIC does not charge whereas Britam has a 2.5 % admin fee pa..if you leave before one year it will be pro-rated.At redemptiom of interest you will be charged
15 pc WHT(Witholding tax)which goes to KRA..