1 Million Naira In Fixed Deposit For 3 Months

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Date: November 23, 2009, 08:57 PM
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Nairaland Forum  |  General | Welcome  |  Money (Moderators: FOD, naijacutee)  |  1 Million Naira In Fixed Deposit For 3 Months
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Author Topic: 1 Million Naira In Fixed Deposit For 3 Months  (Read 283 views)
cutemoses (m)
1 Million Naira In Fixed Deposit For 3 Months
« on: August 18, 2009, 07:07 PM »

does anyone have any idea what 1 million naira in fixed deposit will yield in 3 months. In a bank like oceanic.
me likey (m)
Re: 1 Million Naira In Fixed Deposit For 3 Months
« #1 on: August 19, 2009, 09:38 AM »

its not much, probably not more than 40k for 3months, not sure of oceanic's fixed deposit rates
but i know its similar for most banks,for 1 million its not more than 13% interest for 365days
the more the money,the higher the interest rates though
ovdot
Re: 1 Million Naira In Fixed Deposit For 3 Months
« #2 on: August 19, 2009, 10:32 AM »

Investing N1,000,000 for 90 days @ 13% would give you N32,054.79 in interest.
cutemoses (m)
Re: 1 Million Naira In Fixed Deposit For 3 Months
« #3 on: August 19, 2009, 08:43 PM »

Thanks.
whatalife
Re: 1 Million Naira In Fixed Deposit For 3 Months
« #4 on: August 19, 2009, 08:56 PM »

I learnt some microfinance bank are doing 4% per month on min of N10,000,000.   Can some confirm this pls.
ajileko
Re: 1 Million Naira In Fixed Deposit For 3 Months
« #5 on: August 19, 2009, 10:15 PM »

Don't go with micro Bank, they are too risky.
Seun (m)
Re: 1 Million Naira In Fixed Deposit For 3 Months
« #6 on: August 20, 2009, 12:04 AM »

Hmm. Oceanic.
t.okoro
Re: 1 Million Naira In Fixed Deposit For 3 Months
« #7 on: August 21, 2009, 09:16 AM »

Eco has a high yield investment note dat pays 25% p.a.
U can even use d note as collateral.
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