Britam Money Market Fund: Yields, Calculator, Requirements, and How to Invest

Britam Money Market Fund is one of the top unit trusts in Kenya. The fund’s consistent and competitive returns over the years as compared to peers has won the hearts of many.

Money Market Funds (MMFs) have now replaced the normal bank savings accounts. They have quietly become Kenya’s most popular retail investment product, offering real returns that beat standard bank savings.

Britam Money Market Fund is a unit trust that pools funds to invest in low-risk, short-term instruments like Treasury bills and fixed deposits. If you are looking for a long-term investment plan, I suggest you consider Britain Imarika Investment Plan (better rates and no withholding tax on returns)

I will provide a table of how the fund has performed throughout this year and I will be updating the return rate table in this page from now henceforth. However, before we reach to the table the fund performance over the years ranges from 9% to 15% net management fee and gross withholding tax. MMF Interest rates depend on Central Bank rate cycles.

Britam MMF Quick Glance

In this write-up, I will discuss yields (Interest rates) throughout this year, the requirements for joining, how to invest, and how to withdraw/access your money. I shall also provide you a calculator so that you can estimate the returns of your investment.

Apply to Britam MMF

Key Benefits and Why Britam MMF Stands Out

There are a host of reasons for you to invest in the Money Market.

• High Liquidity and Accessibility: Unlike bank fixed deposits, funds invested in the money market are very liquid and easily accessible. For example, you can invest your money in Britam MMF today and withdraw it in the next minute or tomorrow or any day of your choice. Your money is not locked and will earn interest for the days it has been with the manager. For small amounts, the withdrawal is instant. For higher amounts, it takes up to 24 hours to process. You can manage your investment fund easily 24/7 via the “My Britam App”, the web portal, or USSD *778#.
• Security: Britam MMF is regulated by the Capital Market Authority. The custodian of the money you invest with Britam is Standard Chartered Bank for safety keeping. To ensure your money is invested in the right and agreed assets, Britam MMF trustee is Kenya Commercial Bank (KCB).
• Higher Interest Rates: Out of the strongest money market fund managers in the Kenya market, Britam is always at the top consistently. Their unit trusts including MMF, Bond, Balanced Fund, Equity Fund, and Fixed Deposit are top performers. Don’t take my word for it, you counter check this information by following the Business Daily newspaper.

Understanding Britam Money Market Fund Fees and Withdrawals

• Management Fee: This typically applies to all fund managers. Britam MMF charges a management fee of 2.5% of the fund value. When Britam announces or declares its MMF return rates, the rate is net management fee (the management fee is already factored out), but gross withholding tax. This is as per the requirements of CMA, and it is the standard guideline that any ethical fund manager should follow.
• 15% Withholding Tax. When you get the declared interest rate, you should go on and compute withholding tax of 15% of the returns you get. Withholding tax of 15% in interest earned is imposed by the government of Kenya.
• Britam MMF Withdrawal Policy: You are allowed to withdraw once per calendar month free of charge. Subsequent withdrawals are charged a constant, flat rate of KES 750.

Step-by-Step Guide to Opening a Britam MMF Account

To open Britam Money Market Fund, you will need:

• National Identity Card and
• KRA PIN

Once you are ready, click this WhatsApp Link to open an account for yourself. Submit the code on the text field and engage the chat bot. You will be prompted to enter your personal details including your ID and KRA PIN.

If you are not in a position to engage the WhatsApp chat bot, just fill in your details in the Britam MMF application form above and I will create an account for you from the backend.

You can deposit to your MMF account via M-pesa through the app or Britam Paybill. For huge deposits to your MMF account you can do it via bank transfers including RTGS transfer and cheque.

How To Withdrawal From Britam MMF

Now you have a Britam MMF account. How do you withdraw your investment in case you need some money?

To withdraw from your account, you can use the following methods:

• “My Britam App”: When you join Britam Money either through self registration via the WhatsApp bot or through my assistance, the next thing is to download the app. From the app, you can withdraw easily.
• Web portal: With the credentials you use in the app, you can also login to your account via the Britam customer web portal.
• USSD *778#. Use the phone that you used to register your MMF account and then select the withdrawal option.

Britam Money Market Fund Interest Rate History

This history starts from March 2026 up to now. I shall keep updating the table with the most current rate.

Britam Money Market rates depend on Central Bank rate cycles and they are net management fee and gross withholding tax.

Money Market Fund Calculator

Using the above interest rates, you can be able to find the exact compound interest, net daily returns, and estimate the growth of your investment using the money market calculator below

In the withholding tax (WHT) field in the calculator, enter 15%. In the management fee field, do not enter any number or enter 0 since the rates above or Britam declared rates are net management fee and gross withholding tax.

Who Should Use MMF?

If you belong to the following categories of people, you are eligible to open a Britam MMF account.

• Investors building an emergency fund. If you are looking for a long-term investment of over 2 years, I would recommend you consider the Britam Imarika Investment Plan. The plan offers better returns not subject to withholding tax since it falls under the category of life insurance.
• Individuals saving for short-term goals (under one year) like school fees or a vacation. However, for building a school fees fund, I would recommend you consider education policies. An education fund needs guaranteed returns and life protection, such that your children will go to school whether you are there or not.
• Those looking to park excess cash securely while earning daily interest, for example Saccos.

Frequently Asked Questions About Britam Money Market Fund

• Can diaspora investors join?

Yes, and there is a USD Britam MMF option available with a $1,000 minimum. If you want the most current interest rate, please always check the table above or request for the most recent interest rate by chatting with me via the WhatsApp link.

• How long do withdrawals take to reflect?

A withdrawal can be instant or within 24 hours depending on the amount and mode of withdrawal. For example, if you withdraw an amount like KES 20,000 via M-pesa, your M-pesa balance should reflect instantly. If it is a huge amount like KES 2,000,000 via bank account, it shall happen within 24 hours due to the approval and verification safeguards.