Which app can you recommend for money market mutual funds

 

We recommend: Chapel Hill Denham Money Market Fund

 

Why this one?

1.     1.High returns: Around 23.6–23.7% annually as of early 2025—above average in the market  .

 

2.     2.  Low entry barrier: You can start with as little as ₦5,000  .

 

3.    3.  Safe and liquid: Invests in short-term government and high-quality instruments, with capital protection in mind  .

 

4.     4. Easy access: Managed by a reputable firm with simple exit and entry processes, plus reliable quarterly payouts  .

 

John's Success Story ( Using    Chapel Hill Denham Money Market Fund) 

John is a young marketing executive. He had about ₦200,000 sitting idle in his savings account earning close to zero interest. Wanting more, he opened an account with Chapel Hill Denham via an app.

Step 1: He Invested ₦200,000 in the fund.

Step 2: The fund manager pooled his money with others and invested it in short-term Treasury bills and commercial papers.

Step 3: Interest payments came in quarterly. After three months, John received ~₦11,800, which he reinvested.

Step 4: Over six months, his total grew to about ₦223,000, thanks to compounding and quarterly reinvestment.

Step 5: When he needed the money, he requested withdrawal and got it in his bank account within 2 working days, including his accumulated interest.

 

Today, John has made nearly ₦25,000 profit in just six months—while keeping his money accessible and low-risk.

 

   Frequently Asked Questions (FAQs)

1. Why choose money market funds over savings accounts?

Money market funds like Chapel Hill offer around 23% per year, compared to banks’ **1–2%**  . They also keep your money safe and allow withdrawals when needed.

 

2. Do I need a lot of money to start?

No. Chapel Hill requires only ₦5,000, making it accessible to almost anyone  .

 

3. Is my money locked in?

No. You can withdraw anytime. The fund allows entry and exit with little hassle—your funds arrive in 2 days  .

 

4. How safe are these funds?

Money market funds invest in short-term, low-risk government and corporate debt. They aim to preserve capital. Still, there’s no 100% guarantee, and inflation may erode real returns  .

 

5. How often do I earn interest?

Chapel Hill pays quarterly, though interest is calculated daily and credited every three months  .

 

6. Are there fees or penalties?

Some funds may charge small management fees, but Chapel Hill’s setup is transparent. You won’t usually be penalised for withdrawal, though check fund terms.

 

7. How do I start investing?

1. Open an account via InvestNaija app or directly with Chapel Hill Denham.

2. Submit documents: ID, BVN, and proof of address.

3. Fund your account (minimum ₦5,000).

4. Choose Chapel Hill Money Market Fund.

5. Track daily growth online and withdraw or reinvest anytime.

 

8. What can I use it for?

1. Emergency cash buffer

2.Saving for short-term goals like holidays or school fees

3.Earning extra income without locking money away

 

Conclusion

If you want a safe, flexible, and higher-yielding option than savings accounts, the Chapel Hill Denham Money Market Fund is a solid first choice. It combines easy access, low entry cost, and competitive returns—just like how John used it to grow his savings.

 

Over time, you can reinvest your earnings to let your money multiply gently, with minimal risk and full control.