MoneyVersations

Madison Money Market Fund

Madison Investment Managers

Money Market FundsKESReviewed Oct 2026

A Kenyan-shilling money market fund presented by Madison for short-term savings goals and cash management.

Minimum to startKES 5,000
Top up fromKES 1,000
Access to moneyMadison states withdrawals are processed in T+1 working day and there…
RiskLow risk (as described by the provider)
CMA-approved fund. Madison Money Market Fund is on the Capital Markets Authority's list of approved funds, part of Madison Unit Trust Fund, managed by Madison Investment Managers Limited. Check details
This week's rate · 6 Nov10.13% ▲ 0.078.61% after tax · ranked #13 of 37 · see history →

Overview

Madison describes the fund as investing in high-quality, short-duration fixed-income securities and lists emergency savings, school fees, short-term goals and cash-flow management among possible uses.

How it works

Investors buy units in a pooled portfolio. Madison says interest is compounded monthly. Consult the current information memorandum for valuation, dealing and redemption details.

Fees and charges

Madison states there are no entry or exit fees. Confirm the current fee schedule, taxes and whether any other charges apply.

Risks and important considerations

A money market fund is an investment, not a bank deposit. Returns are variable and not guaranteed. Madison notes its displayed yields are net of management fees and gross of withholding tax; no yield is reproduced here.

Eligibility and how to apply

Madison lists a minimum initial investment of KES 5,000 and minimum top-up of KES 1,000. Confirm current account-opening conditions with Madison.

Frequently asked questions

Minimum initial investment: KES 5,000; minimum top-up: KES 1,000. Provider states no entry/exit fee, no tenor restrictions and T+1 working-day withdrawal processing. Current yield is not shown. Source: https://www.madison.co.ke/investmentmanagers/madison-money-market-fund/ (reviewed 2026-10-13; reconfirm before publication).

💰 What your money earns

At 10.13% 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.

Each day
Each month
In a year

Yield, week by week

  1. 2 Nov
  2. 6 Nov

Average over these 2 weeks: 10.10% a year (from 10.06% to 10.13%).

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.

Want help with this product?

Prefer to go direct? Madison Investment Managers's website ↗

MoneyVersations may be paid by the company if you sign up after a call back. It costs you nothing extra. Always read the official documents before you invest or buy cover.

⚖️ Compare with other money market funds

ProductThis oneMadison Money Market FundMadison Investment ManagersBritam Money Market FundBritam Asset Managers (Kenya) LimitedCIC Money Market FundCIC Asset Management LtdCytonn Money Market Fund (KES)Cytonn Asset Managers LimitedEtica Money Market Fund (KES)Etica Capital Ltd
This week's rate10.13%9.51%8.41%11.11%10.04%
Minimum to startKES 5,000KES 1,000KES 5,000KES 30,000KES 100
Access to moneyMadison states withdrawals are processed in T+1 working day and there are no tenor restri…No lock-in. Invest and withdraw any time through the Britam app, customer portal or USSD…CIC describes withdrawals as available at short notice. Confirm current cut-off times and…The current Cytonn Asset Managers page states withdrawals are paid within two working day…The provider states there is no lock-in period. Confirm the current redemption processing…
RiskLow risk (as described by the provider)Low riskLow risk (as described by the provider)Low risk (as described by provider; review current official risk disc…Money market fund; review the latest risk disclosures

Rates change weekly and past returns don't guarantee future returns. Check each fund's latest documents before you invest. See all weekly rates →

Member reviews

Real experiences from verified MoneyVersations members, checked by our team before they appear.

No reviews yet. If you use Madison Money Market Fund, your experience could help someone decide.

Sign in to write a review or join free

Talk about this product with the community
Be the first to ask a question or share your experience.
Discuss this

Information last reviewed: 13 Oct 2026

More money market funds

MoneyVersations provides educational information, not a guarantee of returns or a substitute for individualized financial advice. Investment values and returns may fluctuate; insurance cover is subject to policy terms, exclusions and conditions.