Pls if i fix dep the sum of 250k for a year how much will it fetch me at the end

@poster,
return on fixed deposit are really very poor these days. some banks are doing 5% per annum from 5million and above,
so figure out 250k, that will be very insignificant .
cheers.

my friend was given 2.1 % on 1 million naira and he quickly withdraw all his money and spend it on business. Sanusi have droped the rate from 8 to 12 % to 1 to 4 %

You will be getting 386 naira every month and 4632 naira in a whole year, go and find out and you will see I am telling you truth, even if it will be above that,it can't be more than 5,500 for one whole year

@knice,
Can give us more information on these your asset management companies because it look like something fishy.

Hello, whatalife, nothing is fishy here. Must there be something fishy? It pays to get quality and great information. If someone has information that worth millions for client or would make anyone rich. Would it be crime to dispose it for a little fee. I remember someone calling me a week ago and tells I changed his life for information I gave to him for 3000naira[Recharge card money for me].

Anyway, let me spill one of it:
when I said a Nigerian bank paying well. One is a branch of a Nigerian bank- IBTC/STANBIC BANK. It has branches in almost all the states. It's called ibtc asset management. They pay over 60% per annum. So i still wonder why people are still talking of fixed deposit. Do the calculation yourself  with what you have.This is one of my income stream. Goodbye.

@knice,
Gone are the days when ibtc asset management pay such, I don't there is any asset management of fund managers that will pay out such % where the market in which they invest are all in the red.
From all my findings ibtc inclusive none can give u even 6% per annum, with the exception of kakawa asset management that i know is currently doing 10% per annum(MPR+4%)
and your fund has to locked up for minimum of 6months.