The Etica USD Money Market Fund currently offers an effective annual yield of 6.99% as of 14 September 2026. It is a low-risk, dollar-denominated fund managed by Etica Capital Limited and regulated by the Capital Markets Authority.
The fund is designed for investors who want to hold US dollars, earn a competitive return, and keep their capital relatively safe while retaining access to the money after a short lock-in period.
Current Rate
As of 14 September 2026, Etica’s own website shows the USD Money Market Fund at an effective annual yield of 6.99% (net of management fees but before 15% withholding tax).
Yields change frequently. Always confirm the latest figure on the official Etica USD MMF page before investing.
Key Features
| Feature | Details |
|---|---|
| Currency | US Dollar (USD) |
| Minimum Investment | USD 100 |
| Minimum Top-up | USD 50 |
| Management Fee | 2.0% per annum |
| Initial / Entry Fees | Nil |
| Lock-in Period | 30 days |
| Withdrawal Timeline | Within 3 business days after lock-in |
| Compounding | Daily (credited monthly) |
| Trustee | Co-operative Bank of Kenya |
| Custodian | Equity Bank Kenya |
| Regulator | Capital Markets Authority (CMA) |
| Risk Profile | Low |
The fund invests mainly in USD fixed deposits, USD-denominated bonds, commercial paper and cash. Recent factsheets show a heavy allocation to fixed deposits.
Who It Suits
This fund works well for people who already hold US dollars or want to convert some of their savings into dollars for currency protection. It is also useful as a short-term parking place for dollar income or remittances.
It is not ideal if you need instant access, because of the 30-day lock-in period.
How to Invest
You can open an account through the Etica mobile app (iOS and Android) or the web portal.
Step 1 – Create your account
Download the app or visit the Etica website. Complete the KYC process with your ID or passport, KRA PIN and a passport photo. Select the USD Money Market Fund and create the account. You will receive dedicated USD account details by email.
Step 2 – Fund the account
- Direct USD transfer via SWIFT or RTGS into the Etica Unit Trust Collection Account at Equity Bank.
- KES transfer (the bank converts to USD at the prevailing rate).
- M-Pesa Paybill 247247, account number 0180285106666. Forward the confirmation to Etica’s operations team for credit.
Once the funds clear and the 30-day lock-in ends, you can withdraw within three business days.
Tax and Fees
A 15% withholding tax is deducted on interest for Kenyan residents. This is a final tax. The 2% annual management fee is already reflected in the published yield.
Points to Note
The 30-day lock-in is strict. You cannot withdraw during that period.
Yields are not fixed and can move with global dollar rates and the fund’s underlying assets.
Past performance is not a guarantee of future returns. Always check the latest factsheet and live yield before investing.
Frequently Asked Questions
What is the current yield on Etica USD Money Market Fund?
6.99% effective annual yield as of 14 September 2026 (net of fees, before 15% WHT). Confirm live rates on the Etica website.
What is the minimum investment?
USD 100 to start. Top-ups from USD 50.
Is there a lock-in period?
Yes. 30 days. Withdrawals are not allowed during this period.
How long do withdrawals take?
Within three business days after the lock-in period ends.
Is Etica USD MMF regulated?
Yes. It is authorised by the Capital Markets Authority. Co-operative Bank is the trustee and Equity Bank is the custodian.
How is interest calculated?
Daily. Credited monthly. You can reinvest or receive payouts.
Can I fund the account with M-Pesa?
Yes. Use Paybill 247247 and the account number provided by Etica. The bank converts the shillings to dollars.
Related:10 Best Money Market Funds in Kenya in 2026: Yields, Minimums & How to Choose
Bottom Line
The Etica USD Money Market Fund offers a straightforward way for Kenyans to earn a competitive return on US dollars while keeping risk low. At the current 6.99% effective annual yield, it sits among the stronger dollar options available locally. The 30-day lock-in and low minimum make it practical for many retail investors, provided they do not need immediate access to the money. As always, verify the latest yield and terms on the official Etica website before investing.
Sources:
Etica Capital – Money Market Fund (USD) official page;
Etica Capital website yields banner (14 September 2026);
Etica Unit Trust Funds Fact Sheet (June 2026).
Yields change frequently. This article is for information only and is not investment advice.