Sylverly:
please what's the minimum amount for diamond bank tbill

olujaidi:


Contact their customer service

FKBZ:
...but am scared sha...did 1year around July and I pray I won't hear story that touch oooo when its time to remit...this one govt is broke...lol

godash:
Hello house,

From my search, I saw a detailed CBN rate guide that says commission to buy Treasury Bills for customers is 0.125℅ of the yield. But that was a 2013 document and might be dated.

What is the commissions your bank's are charging you for Treasury bill purchase? Can you also state with bank it is?

Also, are there any other fees associated with Treasury bill purchases?

Thanks in advance.

Sylverly:
please what's the minimum amount for diamond bank tbill

inze:


. . . 100,000 Naira

got a credit alert from skye bank INTEREST ON BANKERS ACCEPTANCE, Please is this the same as Treasury Bill ? What i book was treasury bill.

paix:
With10 million Naira, should I invest it in T-bill or buy a house? How much is my ROI after one year if I go for the T-bill?

ummitoagirl:
Pdf attached.

needful:
Hello everyone, pls I have 5m that is lying idle in diamond bank and will like to play around with treasury bill. Pls what can I make in 6months in treasury bill with my 5m. Also I need to know how it works. Someone should pls teach me.

kelvinodum:


Diamond bank also debited me 500 naira for TBill's auction commission as well as custody fee ,I never heard of auction commission tho

Royal155:
Could you guys believe that since I started investing in T.Bills with a particular bank branch, nothing has been deducted as custodian charge or commission after a successful bidding?

feelamong:


I have also noticed that in some banks....

Obviously it may be due to the fact that they did not buy the Bills in your name and as such do not have to incur a separate Custody Charge when warehousing the Bills with the custodian..

feelamong:


I think its important to put the charges for Tbills into proper perspective...

CBN approved 3 charges for Tbills Auction

Transaction Charge - 0.125% of the Earned Interest

Custody Fee - 0.1% of the Face value *no of days the Tbills is held in a year

Some Banks also charge N100 service charge per transaction

So If was Investing N1m for 91 days at 9.5% the charges will be

Transaction Charge - 0.125/100 * 23,684.93 = 29.61

Custody fee - N1,000,000 *0.1/100 *30/365 *3 = 246.58

Bank Charge per Transaction - N100

Total Charges = 376.18

(Note that The Discount Rate and Tenor also affects the charges)

ummitoagirl:
Attached.... all is calculated on the face value of the investment... not the gains.

Ibukun003:


My simply view:

If buying a house, you would be buying both land and house.
Both appreciates greatly. You could use house for rent if you don't plan moving-in immediately.
N.B. Authenticate the location of the house/land and the genuineness of the documents.
A good location like urban areas would yield better returns and vice versa.

On the other hand. T.Bills would be suitable for cash you have no plans for presently and you want a better returns for it.

In summary, REAL ESTATE gives a better returns than T.bills.

However, I'll suggest you create another thread on Investment because this is for T.bills.
My 2 cents.