Money market fund · KES · Madison Unit Trust Funds
Madison Money Market Fund rate today
10.20%
You keep 8.67% after 15% withholding tax, and 1.85% after 6.7% inflation.
Rates as of 22 Oct 2026
On a KES 100,000 balance that is roughly KES 1,530 a year going to withholding tax.
Madison Money Market Fund rate history
Last quoted rate in each month, from Fructa’s daily record.
| Month | Gross | Net after 15% WHT |
|---|---|---|
| 17 Aug 2026 | 10.45% | 8.88% |
| 29 Jul 2026 | 10.39% | 8.83% |
| 31 Mar 2026 | 10.08% | 8.57% |
| 28 Feb 2026 | 9.96% | 8.47% |
| 31 Jan 2026 | 9.83% | 8.36% |
| 29 Dec 2025 | 10.20% | 8.67% |
Questions people ask about Madison Money Market Fund
- What is the current Madison Money Market Fund rate?
- Madison Money Market Fund is quoting 10.20% gross. Fructa records the rate every weekday, so this figure is the most recent one published rather than an annual average.
- How much do you actually keep from Madison Money Market Fund?
- Kenyan money market fund interest carries 15% withholding tax, deducted at source. The advertised 10.20% is therefore 8.67% in practice. On KES 100,000 that difference is about KES 1,530 a year.
- What is the minimum investment for Madison Money Market Fund?
- Madison Money Market Fund requires a minimum of KES 5,000 to open. Minimums vary widely between Kenyan funds, from a hundred shillings to six figures, and a higher minimum does not reliably buy a higher yield.
- Who manages Madison Money Market Fund?
- Madison Money Market Fund is managed by Madison Unit Trust Funds, a fund manager licensed by the Capital Markets Authority. Fructa tracks every CMA licensed collective investment scheme that publishes a rate.
- Is Madison Money Market Fund better than Cytonn Money Market Fund or Faulu Money Market Fund?
- Today Madison Money Market Fund pays 10.20%, Cytonn Money Market Fund 11.50% and Faulu Money Market Fund 11.07%, all gross. Compare every fund on the rates page.
- Is Madison Money Market Fund a good place to keep money?
- That depends on what you are comparing it against and what you need the money for. The yield matters, but so do the minimum, the fee, how quickly you can withdraw, and whether the return beats inflation once tax is taken. Fructa shows gross, net and real side by side for every fund so the comparison is like for like.
Other money market funds in KES
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Get FructaRates come from fund managers, factsheets, the CBK and the CMA, for information only. Not investment advice.