₦100,000 for 90 Days: Fixed Deposit or Money Market Fund?

I compared how a ₦100,000 investment could perform over 90 days in a fixed deposit and a money market mutual fund, using rates available in September 2026. At an 11% fixed-deposit rate, the estimated gross interest is about ₦2,712. After 10% withholding tax, the return comes to roughly ₦2,441. The money is locked in for the agreed period, and early withdrawal may mean losing the interest. At a money market fund rate of about 15%, the estimated 90-day return is roughly ₦3,698 before any applicable charges or taxes. These funds usually offer easier access to cash, often within one or two days, but they are not protected by NDIC insurance. My comparison showed an estimated difference of about ₦1,257 in favour of the money market fund. Fixed deposits may suit people who want certainty and can leave their money untouched, while money market funds may suit those who want better liquidity. Which option do you prefer?

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