In Kenya, one of the best investments to make is to join money market fund. Cooperative bank offers one of the best Money Market Funds in the country. Their interest rate ranges between 7% and 18% per year.

Co-op money market fund
The fund invests in high-quality, short-term debt instruments, cash, and cash equivalents investment option designed to provide an accountholder with low risk, interest-yielding investment, and entry & exit flexibility.
Fund features include:

  • No minimum period of investment
  • No minimum deposits
  • Receive funds within 3 days of notice
  • Account updated within 24 working hours
  • Interest is calculated daily & credited monthly

Bond fund
The fund invests in primarily bonds and other interest-earning instruments investment option is designed for long-term investors seeking steady income.
Account features are:

  • Minimum startup of Kes 50,000
  • No initial charge
  • Account updated within 24 working hours
  • No initial charges
  • Recommended for long-term investors (3 years and above) seeking steady income.

How to join
Complete the joining & individual risk profiling form and provide the KYC documents.
Send money to the collection account provided in the joining form. This is only through cheques, money transfers, or Mpesa.
Contact information
Co-optrust Investment Services Limited
Co-operative House 5th Floor, Haile Selassie Avenue
P.O. Box 48231- 00100, Nairobi
Tel: 020 3276120/0711 049 120/0711 049 496/0711 049 241/0711 049 813/0711 049 999/0711 013 925

Instead of buying shares or putting the money in a savings account, invest in money market fund.The good thing about this fund is that you can withdraw the money anytime. It takes 1 to 2 days for the money to reflect in your account after you’ve requested for withdrawal.

Source link

February 18, 2024

Written by:

Leave a Comment

Your email address will not be published. Required fields are marked *