Key takeaway: The Cytonn Money Market Fund (CMMF) is a CMA-regulated unit trust managed by Cytonn Asset Managers. Independent tables around mid-to-late September 2026 put its gross effective annual yield near 11.0% (about 9.35% after 15% withholding tax). You can open an account via *809#, the Cytonn app or the client portal. Confirm the live rate and minimum before you deposit.
CMMF pools investors’ cash into short-term instruments such as Treasury bills, bank deposits and other money-market securities. It is aimed at capital preservation and liquidity, not stock-market growth.
The fund is a product of Cytonn Asset Managers Limited (CAML), regulated by the Capital Markets Authority (CMA). Onboarding is digital: USSD, app and web.
Cytonn MMF at a Glance
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| Item | Details (confirm live) |
|---|---|
| Fund | Cytonn Money Market Fund (CMMF), KES |
| Manager | Cytonn Asset Managers Limited |
| Regulator | Capital Markets Authority (CMA) |
| Recent yield | About 11.0% gross EAR in mid–late September 2026 tables (e.g. 11.00% / ~9.35% net after 15% WHT on Serrari-style prints as of 23 Sept 2026; Cytonn posts around 11.08% earlier in September) |
| Industry context | Often near the top of weekly MMF rankings; field average recently ~9.0%–9.3% |
| Minimum | Marketed from as low as KSh 100; June 2026 factsheet states min initial KSh 1,000 and top-ups from KSh 100 confirm on signup |
| Management fee | About 2.0% p.a. on the June 2026 factsheet (older FAQs have cited 1.5%; published yields are typically net of the fee in the NAV) |
| Entry / exit fee | Nil (per Cytonn product materials) |
| Tax | 15% withholding tax on interest (residents) |
| Interest | Calculated daily; compounding as reinvested |
| Risk profile | Low (money market) |
| USSD / portal | *809# · clients.cytonn.com |
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Current Rates
Your draft figure of 11.00% EAR as of mid-September 2026 matches independent ranking tables that put Cytonn at about 11.0% gross effective annual yield in that period, including prints around 18 September and Serrari-style data showing 11.00% gross / 9.35% net as of 23 September 2026.
Cytonn’s own updates earlier in September 2026 cited about 11.08% EAR on several days. In mid-2026 the fund had printed higher (around 12% in June). Yields move with short-term market rates.
Industry convention: the headline EAR is usually gross of tax, after management fees (already in the NAV). After 15% WHT, take-home is lower (roughly headline × 0.85).
Past yields do not guarantee future returns. Always check the rate on the Cytonn app, portal or that day’s newspaper/aggregator table before you invest a large amount.
Key Features
- Accessibility: Digital signup; low ticket sizes compared with many bank products
- Daily interest: Accrues daily; compounding when left invested
- Liquidity: Designed for relatively quick access; processing times depend on channel and amount (confirm current withdrawal SLA in the app)
- No classic entry/exit load: Cytonn materials state no entry or exit fee; other small charges (for example a ledger fee on some factsheets) may apply
- Portfolio: Short-term debt and money-market instruments; factsheets have shown a large share in cash, bank deposits and government securities
Service providers on the June 2026 factsheet include a trustee (Goal Advisory) and custodian (SBM Bank Kenya). Confirm names on the latest factsheet.
Fees and Tax
- Management fee: June 2026 factsheet: 2.0% p.a. (some Cytonn FAQ pages have listed 1.5%; treat the current factsheet/app disclosure as decisive)
- Published rate: Cytonn states management fee is factored into NAV, so the rate you see is generally after that fee
- Withholding tax: 15% on interest for residents, usually deducted before net income
- Ledger fee: June 2026 factsheet listed KSh 50; confirm if still charged
How to Invest
1. USSD (*809#)
- Dial *809# on your registered mobile line.
- Follow prompts to register, set a PIN and open CMMF.
- Fund via M-Pesa when prompted.
2. Cytonn mobile app
- Download the official Cytonn app (Google Play or App Store).
- Open a new account, verify with OTP, set a password.
- Complete KYC (ID, KRA PIN as required).
- Deposit via the in-app M-Pesa flow.
3. Web portal
- Go to https://clients.cytonn.com/.
- Sign up, upload documents if asked, and fund the account.
M-Pesa deposits
Guides and product pages commonly cite Paybill 775093 for CMMF. Cytonn FAQs have also referenced other direct paybill numbers for CMMF in some flows. Use the exact business number and account format shown in the app or USSD at the time you pay so funds post correctly.
Documents usually needed: national ID or passport, KRA PIN, and a working M-Pesa/phone number.
Points to Watch
- Yield leadership rotates week to week; compare 2–3 peers, not only the top line
- Minimum initial amount: marketing has said KSh 100; factsheet has said KSh 1,000 — confirm at account opening
- Fee wording differs across older FAQs and newer factsheets; read the live disclosure
- Use only official Cytonn channels; ignore WhatsApp “guaranteed double your money” copycats
- Low risk is not zero risk or a bank deposit guarantee
Read also:10 Best Money Market Funds in Kenya in 2026: Yields, Minimums & How to Choose
Frequently Asked Questions
What is the current Cytonn MMF rate?
It changes daily. Around mid–late September 2026, independent tables put it near 11.0% gross EAR (~9.35% after 15% WHT). Check *809#, the app or portal for today.
What is the minimum investment?
Cytonn has marketed CMMF from KSh 100. The June 2026 factsheet stated a KSh 1,000 minimum initial investment and top-ups from KSh 100. Confirm on signup.
How do I invest?
Dial *809#, use the Cytonn app, or register at clients.cytonn.com, then fund via M-Pesa.
Is Cytonn MMF safe?
It is a CMA-regulated money market fund focused on short-term instruments. Low risk is not a guarantee against all loss. Units are not KDIC bank deposits.
How is interest calculated?
Typically daily, with compounding when earnings stay invested. Tax is withheld at 15% on interest.
Are there entry or exit fees?
Cytonn product materials state no entry or exit fee. Management fee and any ledger fee still apply as disclosed.
What is the management fee?
About 2% p.a. on the June 2026 factsheet; some older pages said 1.5%. Published yields are usually already after the management fee.
Bottom Line
Cytonn Money Market Fund remains one of the more visible high-yield MMFs in Kenya’s 2026 tables, with September prints near 11% gross EAR, digital onboarding via *809# and the app, and no classic entry/exit load. It suits emergency cash and short-term parking if you accept unit-trust risk and variable rates.
Confirm today’s yield, the exact minimum, Paybill details and fee line on official Cytonn channels before you send money. Compare one or two other CMA funds if you are placing a large balance.
Sources:
Serrari Group – Kenya MMF rates (Cytonn ~11.00% gross as of 23 September 2026);
MMFs Kenya – September 2026 rankings (Cytonn ~11.0%);
Cytonn Asset Managers – Money Market Fund;
Cytonn Client Portal;
Cytonn FAQs;
Capital Markets Authority;
Cytonn CMMF factsheet materials (June 2026: fee, minimums, trustee/custodian).
This article is for information only and is not investment, tax or legal advice. Yields are not guaranteed.