📘Overview
It starts at KES 5,000. Standard Chartered Bank is the trustee and Stanbic Bank holds the fund's money as custodian.
⚙️How it works
When you withdraw, the money is paid the next working day.
💳Fees and charges
• Management fee: 2% a year, already taken off the yield Madison publishes.
• Withholding tax of 15% applies to interest.
⚠️Risks and important considerations
✅Eligibility and how to apply
❓Frequently asked questions
The money is paid the next working day.
What is the 3-month term?
Your investment runs in 3-month blocks that renew on their own.
How often is income paid?
Quarterly.
Who keeps the money safe?
Standard Chartered Bank is the trustee and Stanbic Bank is the custodian.
💰 What your money earns
At 11.35% a year, this week's yield (6 Nov 2026) · see how it has moved. Interest builds up every day, so you can see what each day and month adds.
Yield, week by week
- 2 Nov
- 6 Nov
Average over these 2 weeks: 11.39% a year (from 11.35% to 11.43%).
Before the 15% withholding tax on interest, which the fund deducts for you. The yield changes every day, so treat this as a guide, not a promise.
🏛️ Who looks after your money
Your money sits with the custodian, not with Madison Investment Managers Ltd, and the trustee watches over the manager on your behalf.
- Trustee
- Standard Chartered Bank KenyaChecks the manager follows the rules, on your behalf
- Custodian
- Stanbic Bank KenyaHolds the fund's money and investments, separate from the manager
- Withdrawals
- Paid the next working day (T+1).
- Lock-in
- A 3-month term that renews automatically
- Interest
- Quarterly
From: Madison fund page · The Star, Apr 2026 (Madison Unit Trust AGM).
Want help with this product?
Prefer to go direct? Madison Investment Managers Ltd's website ↗
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⚖️ Compare with other fixed income funds
| Product | This oneMadison Fixed Income FundMadison Investment Managers Ltd | Britam Bond Plus FundBritam Asset Managers (Kenya) Ltd | CIC Fixed Income FundCIC Asset Management Ltd | Etica Fixed Income Fund (KES)Etica Capital Ltd | Kuza Fixed Income Fund (KES)Kuza Asset Management Ltd |
|---|---|---|---|---|---|
| This week's rate | 11.35% | Not on our weekly list | 10.36% | 12.11% | 11.30% |
| Minimum to start | KES 5,000 | KES 1,000 | KES 1,000,000 | KES 100 | KES 1,000 |
| Access to money | Money is invested for 3-month terms that renew automatically. Withdrawals are paid the ne… | No access for the first 14 days; after that, withdrawals reach M-Pesa or your bank within… | No lock-in. Withdrawals are paid 2 to 4 working days after you ask. | No lock-in. Withdrawals are instant to M-Pesa, and reach a bank account within 2 working… | 3-month lock-in on each investment; after that you can withdraw on any business day. Best… |
| Risk | Conservative | Low to medium | Low | Low risk | Low to medium |
Rates change weekly and past returns don't guarantee future returns. Check each fund's latest documents before you invest. See all weekly rates →
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Information last reviewed: 12 Nov 2026