Learning how to invest in the Sanlam Money Market Fund is quick, and you can do it entirely from your phone. In short: you open the account online in a few minutes, then fund it via M-Pesa Paybill 888111 using your ID number, with a minimum of KSh 2,500. Your money then earns interest daily, and you can withdraw within a few days when you need it. This guide covers, in plain terms, how to invest in the Sanlam Money Market Fund step by step, the minimum, the paybill, the fees, and what to watch.
Table of Contents
Key takeaways
- You open a Sanlam Money Market Fund account online, with no office visit needed.
- The minimum to open is KSh 2,500, with top-ups from KSh 1,000.
- You fund it via M-Pesa Paybill 888111, using your ID number as the account number.
- Interest accrues daily and is paid monthly; you can withdraw within a few days.
- You get one free withdrawal a month above KSh 1,000; extra withdrawals attract a small charge.
- Educational only, not financial advice; confirm the current minimum, paybill and fees with Sanlam.
What you need before you start
Opening is simple, but have these ready: your national ID or passport, a passport photo, your KRA PIN, and your Kenyan bank details. The whole process is online, so you can complete it from anywhere, even from outside Kenya. Once you know how to invest in the Sanlam Money Market Fund, you will see a money market fund like Sanlam’s is a great home for an emergency fund or short-term savings, so if that is your goal, this is a sound choice. For the returns and an honest verdict, read our Sanlam Money Market Fund review.
How to invest in the Sanlam Money Market Fund: step by step
- Open the account online. Fill in your details on Sanlam’s secure online form, sign on-screen, and upload your KYC documents (ID, passport photo, KRA PIN, bank details). There is nothing to print and no office to visit.
- Wait for your member number. Your account is usually created within a day, and your member number is sent by email and SMS.
- Fund your account via M-Pesa. Go to M-Pesa, select Paybill, enter 888111 as the business number and your ID number as the account number, then deposit at least KSh 2,500. You can also fund by bank transfer.
- Watch it grow. Interest accrues daily and is credited monthly. Top up any time from KSh 1,000 to build your balance faster.
- Withdraw when you need to. Request a withdrawal and the money reaches you within a few days, which is what makes an MMF ideal for an emergency fund.
Minimum, paybill and fees at a glance
| Detail | Sanlam Money Market Fund (as reported, 2026) |
|---|---|
| Minimum to open | KSh 2,500 |
| Minimum top-up | KSh 1,000 |
| M-Pesa Paybill | 888111 (account = your ID number) |
| Interest | Accrues daily, paid monthly |
| Withdrawals | Within a few days; 1 free/month above KSh 1,000, then a small charge |
| Regulator | Capital Markets Authority |
A few honest notes
A money market fund is low-risk, but not risk-free or a get-rich tool. The quoted yield is before the 15% withholding tax, and it moves with interest rates, so do not expect a fixed return. Plan your withdrawals too: you get one free withdrawal a month above KSh 1,000, and additional ones in the same month carry a small charge. Use our money market fund calculator to project your growth after tax, and compare Sanlam with rivals in our best performing money market funds guide. The fund is regulated by the Capital Markets Authority.
Frequently asked questions
What is the minimum to invest in the Sanlam Money Market Fund?
The minimum to open is KSh 2,500, and you can top up any time from KSh 1,000. Confirm the current minimum with Sanlam, as it can change.
What is the Sanlam Money Market Fund paybill?
You fund the Sanlam Money Market Fund via M-Pesa Paybill 888111, entering your ID number as the account number. Always double-check the paybill on Sanlam’s official channels before sending money.
How long does it take to open and withdraw?
Your account is usually created within a day of registering, and withdrawals reach you within a few working days. That quick access is why a money market fund suits an emergency fund.
Disclaimer: The content on Sarafu is for educational and informational purposes only and does not constitute financial or investment advice. The minimum, paybill, fees and process for the Sanlam Money Market Fund were sourced at the time of writing (2026) and can change. Returns are not guaranteed and move with interest rates. Always confirm the current details on Sanlam’s official channels before investing, and never send money to a paybill you have not verified.
