How to Open a Jubilee Money Market Fund Account Online in Kenya
You can open a Jubilee Money Market Fund (KES) account online with as little as KES 100. Here is a step-by-step guide to registration
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Saving money in a bank account may offer convenience, but investors looking to earn returns on their cash have another option in Kenya: money market funds (MMFs).
These collective investment schemes pool money from investors and invest it in short-term, interest-bearing instruments.
The Jubilee Money Market Fund (KES), managed by Jubilee Asset Management, allows investors to start with a minimum deposit of KES 100 and make additional contributions as their savings grow.
Jubilee Asset Management quoted an effective annual yield of 10.41% as at September 16, 2026. This is a historical rate, not a guaranteed return, and the yield may change with market conditions.
Opening an account is done online through the JAMHub Digital Portal, with deposits accepted through M-PESA and bank transfer. Here is how to get started.
What You Need Before Opening a Jubilee Money Market Fund Account
Before beginning the registration process, prepare the following details and documents to make the application easier.
- **A valid phone number:** You will need this for account registration and one-time password (OTP) verification.
- **An email address:** This is used for verification and communication about your investment.
- **National identity card:** Your identification document is required to verify your identity.
- **KRA PIN certificate:** This is needed for tax identification and compliance.
- **Proof of banking:** Prepare a bank statement, bank confirmation letter or cancelled cheque, as requested by the portal.
- **Your signature:** Keep a copy available in the format required by the application process.
Make sure the names and other personal details you enter match your identification documents. Inconsistent information may delay the verification process.
Step 1: Visit the JAMHub Digital Portal
Jubilee Asset Management uses the JAMHub Digital Portal to allow customers to register and manage their investments online.
Open the portal using a web browser on your phone, tablet or computer. Follow the prompts to access the investment application process.
Select the Jubilee Money Market Fund (KES) from the available investment options. When prompted to choose an account type, select **Individual Account** if you are investing in your personal capacity.
Proceed to the registration form to enter your personal information.
Step 2: Enter Your Personal Details
The portal will ask you to provide information needed to establish your investment account.
Enter your full name as it appears on your national identity card, your KRA PIN, date of birth, nationality, phone number and email address, along with any other requested information.
You may receive a one-time password (OTP) to verify your phone number or email address. Enter the code as instructed and complete the relevant verification steps.
Check all the information before proceeding. Correct details help ensure your account is registered properly and that future transactions can be processed without unnecessary delays.
Step 3: Upload the Required Documents
Once you have entered your personal details, upload the documents requested by the portal.
These generally include your national identity card, KRA PIN certificate, proof of banking and signature.
Ensure that the files are clear, legible and in the accepted format. If any document is incomplete or unreadable, you may need to submit it again.
Jubilee Asset Management will review the submitted information before completing the account-opening process. Follow any additional instructions provided if further verification is required.
After your application is approved, you should receive the details needed to access and fund your investment account.
Step 4: Deposit Money Into Your Account
The minimum initial investment in the Jubilee Money Market Fund (KES) is KES 100. You can add more money as your savings grow, depending on your financial goals and available funds.
There are two main funding methods described for the fund.
Option 1: Deposit Through M-PESA
You can fund your account through M-PESA using the Jubilee Asset Management PayBill number.
Follow these steps:
1. Open the M-PESA menu on your phone.
2. Select **Lipa na M-PESA**.
3. Choose **Pay Bill**.
4. Enter the business number **4103749**.
5. Enter your Jubilee Money Market Fund investment account number as the account number.
6. Enter the amount you want to invest, starting from KES 100.
7. Confirm the details before completing the transaction.
Your investment account number is issued after your account has been opened. Always verify the PayBill and account details through Jubilee Asset Management's official channels before sending money.
Option 2: Deposit Through Bank Transfer
You can also transfer money from your bank account using the bank transfer instructions provided by Jubilee Asset Management.
The supplied guide identifies Real Time Gross Settlement (RTGS) as an available option. Use your investment account number as the payment reference so the deposit can be allocated to your account.
Confirm the beneficiary details and any applicable bank charges before initiating the transfer.
When Does Your Deposit Start Earning Returns?
The timing of your deposit's valuation matters because it determines the business day on which the investment is processed.
According to the supplied fund guide, deposits received before 9:00 a.m. on a business day are valued that day, while deposits received after 9:00 a.m. are valued on the next business day.
Deposits made on a Saturday are valued on Monday, subject to the fund's business-day arrangements and applicable public holidays.
The fund's daily valuation takes place around midday, according to the guide.
For this reason, investors should not assume that every payment starts earning returns immediately after the M-PESA transaction is completed. The applicable valuation and processing rules determine when the deposit is recognised in the fund.
What Are the Fees for the Jubilee Money Market Fund?
Understanding the costs is important when comparing money market funds because charges affect the returns investors receive.
The supplied information states that Jubilee Asset Management does not charge an initial investment fee, an exit fee, a performance fee or transaction costs for money moving into or out of the fund.
The fund does, however, charge management fees. The quoted effective annual yield of 10.41% as at September 16, 2026 was described as net of the fund's charges.
Investors should check the latest factsheet for the current yield and applicable fee disclosures before making an investment decision.
What About Tax on Interest?
Interest earned from a money market fund is subject to applicable tax rules. The supplied guide states that withholding tax is deducted at source at 15% of the interest earned.
This tax applies to the interest, not the original amount you deposited.
For example, if your investment generates KES 10,000 in interest and a 15% withholding tax applies, the calculation would be:
- Gross interest: KES 10,000
- Withholding tax at 15%: KES 1,500
- Interest remaining after tax: KES 8,500
This illustration assumes the stated tax rate applies to your investment. Confirm the current tax treatment with Jubilee Asset Management or the Kenya Revenue Authority, as tax rules may change.
How to Withdraw Money From the Jubilee Money Market Fund
One reason investors consider money market funds is the ability to access their savings without committing to a long fixed investment period.
According to the supplied guide, withdrawals from the Jubilee Money Market Fund can be requested through the JAMHub Digital Portal.
To make a withdrawal:
1. Log in to the JAMHub Digital Portal.
2. Navigate to your investment account.
3. Select the withdrawal option.
4. Enter the amount you wish to withdraw.
5. Review and submit your request according to the portal's instructions.
You can request a partial withdrawal or redeem your entire investment, subject to the fund's terms and processing requirements.
The supplied information indicates that funds are accessible within two working days after submitting a withdrawal request. Actual processing may depend on the timing of the request, verification requirements and applicable fund procedures.
The guide also states that there is no minimum holding period and no withdrawal penalty. Check the current terms before investing if you expect to need the money at short notice.
How to Monitor Your Investment
Opening an account is only the beginning. Monitoring performance helps you understand how your savings are growing and whether the fund continues to meet your financial objectives.
Jubilee Asset Management publishes a monthly factsheet containing information on the Jubilee Money Market Fund's performance. Investors also receive monthly statements that can be used to verify account balances and investment activity.
Review these documents regularly to check your contributions, withdrawals, interest earnings and the latest reported yield.
Remember that a money market fund's return is not fixed. Interest rates and market conditions can cause yields to rise or fall, so a rate quoted in September 2026 should not be assumed to remain available indefinitely.
Is the Jubilee Money Market Fund Safe?
The Jubilee Money Market Fund is presented as a regulated investment option, with the supplied information identifying the Capital Markets Authority (CMA) as its regulator and Standard Chartered Bank Kenya as the custodian holding the fund's assets separately from the fund manager's own assets.
These arrangements are important features of collective investment schemes because they provide a framework for oversight and the safekeeping of fund assets.
However, **regulation and independent custody do not guarantee your capital or a particular return**. Money market funds remain investments, and investors should read the fund's current information memorandum and risk disclosures before committing their savings.
You should also verify the fund's current regulatory status, the custodian arrangements and the terms applicable to your account using official documentation.
How to Grow Your Savings Through Compounding
Investors can contribute regularly instead of waiting until they have accumulated a large amount of money.
For example, someone who starts with KES 100 and adds money every month can gradually build an investment balance. If returns remain invested, future returns may be earned on both the original contributions and previously accumulated earnings. This is the effect of compounding.
The actual result will depend on the amounts contributed, the timing of deposits, the fund's changing returns, fees and applicable taxes.
A practical approach is to choose an amount you can comfortably set aside, make regular contributions and avoid withdrawing the money unnecessarily if your goal is long-term savings.
Before investing, however, consider keeping an accessible emergency reserve and prioritising urgent financial obligations. An investment should fit your circumstances rather than put pressure on your day-to-day expenses.
Frequently Asked Questions About the Jubilee Money Market Fund
What is the minimum amount needed to open a Jubilee Money Market Fund account?
The supplied guide states that you can start investing with KES 100.
How do I open a Jubilee Money Market Fund account online?
Visit [JAMHub Digital Portal](https://invest.jubileeinsurance.com/), select the Jubilee Money Market Fund (KES), complete your personal details, upload the required documents and follow the verification process.
What is the Jubilee Money Market Fund M-PESA PayBill number?
The PayBill number provided in the supplied guide is **4103749**. Use your investment account number as the account reference and verify the details through official channels before transferring money.
What return does the Jubilee Money Market Fund offer?
Jubilee Asset Management quoted an effective annual yield of 10.41% as at September 16, 2026. This is a dated figure, not a guaranteed or permanent rate. Check the latest factsheet for the current yield.
How long does a withdrawal take?
The supplied guide indicates that withdrawals are generally accessible within two working days of the request. Processing times may vary according to the fund's terms and the circumstances of the transaction.
Are there fees for withdrawing money?
The supplied information states that there is no exit fee or withdrawal penalty. Management fees and applicable taxes may still affect your overall returns.
Is the Jubilee Money Market Fund suitable for beginners?
Its KES 100 starting amount and online application process may make it accessible to first-time investors. Suitability depends on your goals, cash needs, risk tolerance and understanding of the fund's terms.
Final Thoughts
Opening a Jubilee Money Market Fund (KES) account is a straightforward online process involving registration through JAMHub, document verification and an initial deposit of at least KES 100.
The ability to fund an account through M-PESA or bank transfer, make additional contributions and submit withdrawals online may appeal to Kenyans who want to put their savings to work without committing to a fixed-term deposit.
Before opening an account, verify the latest yield, fees, tax treatment, withdrawal timelines and risk disclosures. Returns can change, and a regulated money market fund does not provide the same guarantee as a deposit covered by a bank deposit-protection scheme.
**Ready to get started?** Visit the [Jubilee Asset Management investment portal](https://invest.jubileeinsurance.com/) to review the available options and begin the account-opening process.
