Business-landers, a relaiable source of mine told mi tht if i put abt 80 million naira in a fixed deposit, i culd get up to two million in just six weeks.
could anyone in the bankin field confirm this

good morning my good nairalanders,

well 80 million is a good amount to fix, but im not sure of what you will get in return, what is the rate (interest rate), IM A BANKER AND I CAN GIVE YOU GOOD RATE FOR YOUR FIXED DEPOSIT, YOU CAN CONTACT ME ON 08055474044,08067791544 AND 07028843060. NAIRALANDERS FEEL FREE TO CONTACT ME FOR YOUR BANKING NEEDS.

you will get not less than 8% in a year, assuming you get 8% that will amount to N640,000 in a year. l think the 2million in 2 weeks should come from one of those infamous wonder banks. so be careful o

@Author
@Mypeace

The minimum from investing 80million at 8% per annum simple interest is 6.4million naira and not 640k naira.

You would definitely earn more if you roll-over your interest till the end of the year, thereby giving you a maximum compounded interest of a maximum of 6,639,961.00 or thereabout.

Meanwhile, withholding tax of 10% is usually deducted from your interest, unless the bank has a specialised product like OCEANIC NOTES (oceanic bank), which allows you go without getting withholding tax deducted.

As a financial adviser and ex-banker, i also feel you should not put all that money into fixed deposits, rather it makes sense to have a diversified portfolio by placing stakes in the stock market, real estate, commerce, etc. This is to mitigate any risk that may arise within the investment period.

All the best.

Good afternoon. Is it that you have money to fix? Well Iam under pressure to get deposit as our year end draw closer. If you actually have N80 million to fix, be sure to N800,000 monthly.

You can reach me on 08033835170.

Regards.