Fixed Deposit

A Member? Please Login  
type your username and password to login
Date: July 09, 2008, 01:51 PM
217439 members and 123257 Topics
Latest Member: tekzzy
Nairaland [Nigerian Forum] Home Help Search Who is currently online? Login Register
Nairaland Forum  |  General Discussion  |  Business  |  Banking And Finance (Moderator: FOD)  |  Fixed Deposit
Pages: (1) Go Down Send this topic Notify of replies
Author Topic: Fixed Deposit  (Read 258 views)
baani
Fixed Deposit
« on: March 31, 2008, 03:55 PM »

Business-landers, a relaiable source of mine told mi that if i put about 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
funshiba (m)
Re: Fixed Deposit
« #1 on: April 01, 2008, 06:25 AM »

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.
MyPeace (f)
Re: Fixed Deposit
« #2 on: April 15, 2008, 11:22 AM »

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
babaogun (m)
Re: Fixed Deposit
« #3 on: April 15, 2008, 11:41 AM »

@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.
machohays
Re: Fixed Deposit
« #4 on: April 16, 2008, 02:20 PM »

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.
 Exchange Rate Of Togolese Cfa To Dollar  Uba $15m Fine:saharareport(can It Be True)  Assistance Wanted: Swift Code Of Oceanic Bank Nigeria   Page 2
Pages: (1) Go Up Send Topic to Friend by E-mail Reply 
Google
 
Web www.nairaland.com
Sections: TV/Movies (2) Music/Radio (2) Celebrities Jobs (2) Career Romance Books Politics Sports Fashion Travel
Health Schooling Religion General(2) Business Webmaster Programming Computers Phones Cars & Trucks

Links: Page1 Page2 Page3 Page4 Page5 Page6 Page7 Page8 Page9 Page10

Nairaland is owned by Oluwaseun Osewa
Nairaland Forum | Powered by SMF 1.0.12.
© 2001-2005, Lewis Media. All Rights Reserved.