These Are the Money Market Funds That Pay Over 15% Annual Returns in Nigeria (2025)
You can unlock stronger returns with mutual fund platforms that boost your saving without the wild risks.
Trying to invest can be like stepping out of your comfort saving zone to realize significant gain, if you’re not the type that likes taking chances with money. And with the way things are going in Nigeria right now, fuel prices on the rise, foodstuff tripling in cost, and the naira doing zigzag every other month, leaving your money in a regular savings account feels like punishment.
While it's not everyone that can stomach the ups and downs of crypto or stock trading. Some of us just want peace of mind. Something that gives better returns than the bank’s 4% yearly interest, but without the heart palpitations of high-risk investments. That’s where money market funds come in—especially the ones that are now offering.
That’s why options like mutual funds, especially money market funds have become a go-to for many Nigerians who want to grow their money without taking on big risks. Because not everyone has the heart (or time) for crypto, stocks, or risky business. You just want something stable that beats your bank’s stingy savings rates and doesn’t give you stress.
So, if you’ve been watching your savings get eaten by inflation or you’re just tired of your money sitting there doing nothing, this list is for you. We’ve handpicked 10 money market funds that are currently giving over 15% returns, perfect for anyone who wants to play it safe but still get value.
Here are 10 Money Market Funds That Pay Over 15% Annual Returns in Nigeria
1. Cowrywise Investment Portfolio
Preferably, if you want a mutual fund that balances safety with solid returns, Cowrywise is a top pick. It spreads your investment across 25% Treasury Bills, 35% Commercial Papers, and 40% Bank Placements. The structure leans conservative, but the 22.14% return means you get steady growth without locking your money away for too long.
2. ARM Money Market Fund
The ARM Money Market Fund offers investors a short-term investment opportunity. With a fund composition of 40% in T-Bills and 60% in Term Deposits, investors enjoy quick access to their money, annual competitive returns of about 22.09% and expert fund management.
3. TrustBanc Money Market Fund
If you’re after a mutual fund that offers more frequent payouts, TrustBanc might be your choice. It allocates 30% to T-Bills, 15% to Commercial Papers, 50% to Term Deposits, and 5% to cash. The quarterly returns and a 21.72% annual yield make it appealing for those who like regular income.
4. Coral Money Market Fund
Coral leans heavily into Treasury Bills, with 85% of its assets there. The rest sits in short-term money market instruments. It’s straightforward and consistent, currently offering 21.44% per year.
5. Vetiva Money Market Fund
Vetiva spreads things out: 26% in T-Bills, 35% in fixed income, 38% in term deposits, and 1% in cash. Slightly more diversified than most on this list. The return, at 21.41%, keeps it competitive with the top-performing funds.
6. Meristem Money Market Fund
For investors prioritizing stability, Meristem Money Market Fund offers a secure mix. Focusing on short-term government securities with 25% bonds and 65% low-risk instruments, it provides a steady 20.69% return without excessive risk.
7. Stanbic IBTC Money Market Fund
Stanbic’s mix includes 78% in term deposits, 16% in T-Bills, 4% in commercial papers, and 2% in cash. The structure leans conservative, and that shows in how steady it’s been over time. Return sits at 20.61%—not the highest, but solid if you’re looking for a reputable, well-managed option.
8. United Capital Money Market Fund
This one is more focused: 100% of the fund goes into high-quality short-term money market securities. No splitting between different asset types—just clean and efficient. It’s best suited for people who want a no-fuss approach, with a current return of 19.83%.
9. SFS Fixed Income Fund
SFS mixes 70% bonds with 30% in other money market assets. That makes it a bit more tilted toward fixed income than most on this list. It still maintains low risk, but the focus is more on preserving capital over the long term. Annual return is currently at 19.01%.
10. Afrinvest Plutus Fund
At the bottom of this list, Afrinvest offers 60% T-Bills, 35% in bank placements, and 5% in cash. The structure is still low-risk, but the return—18.02%—has dropped behind most of the others. Could still work if you’re looking for something stable with easy entry, especially if you’re just starting out.
David Adubiina
Conclusion
Not every investment has to feel like a gamble. If you’d rather skip the stress of wild market swings but still want better returns than the bank’s slow crawl, money market funds are a solid middle ground. They give you a chance to grow your cash steadily without losing sleep over every price drop or spike.
So, if you’re ready to do a little more with your money—without the drama—these funds are where to start. It’s about making your savings work smarter, not harder, and keeping your peace of mind intact.
