Investnow2017:
Please I would like your candid opinion on this. Which will yield more in the medium term. Fixed deposit or Treasury Bills?

Built2last:
Treasury bill pays more at the moment it gives you 13.9% for 90days, 17% for 182 days and 18.2% for 365 days tenor.

Mind you treasury bill pays interest up front. For instance 10million investment for 90 days will give you almost 400k. This you get on the day of the bid and your 10million is returned at the end of the 90days. It's cool money when you have plenty money to invest. Either in the primary or secondary market.

Fixed deposit rate although has a bank rate is largely determined by the branch you entered. The branch will always give you a lower rate because the lesser the interest to you, the more money the branch makes.

The best rate any Nigerian bank will give you on fixed deposit is 12% and that's if you are bringing up to 50million.

Go for treasury bill

Carmal90:


Ur calculation is wrong 400k can never be 13% of 10 million now

Built2last:


Yea...ma mistake ma typo..using my auto type. ...but it pays more.

Built2last:


Yea...ma mistake ma typo..using my auto type. ...but it pays more.

Yazmin:



You are right.

13.9% of N10,000,000

For a 91day tenored bill is about N346,000(plus or minus).

Mind you 13% is the annual rate which should be discounted for 91 days to get the effective rate.

My field....

marvelling:



between the devil and the deep blue sea!

don't mind me o!
treasury bills pay more (from my layman's perspective)

Built2last:
Treasury bill pays more at the moment it gives you 13.9% for 90days, 17% for 182 days and 18.2% for 365 days tenor.

Mind you treasury bill pays interest up front. For instance 10million investment for 90 days will give you almost 400k. This you get on the day of the bid and your 10million is returned at the end of the 90days. It's cool money when you have plenty money to invest. Either in the primary or secondary market.

Built2Last. You are the best. You hav answered my questions and cleared my concerns. But one more question. How often are Treasury Bills sold at the bank. Because from your example it is a great safe short to medium term investment now.

Fixed deposit rate although has a bank rate is largely determined by the branch you entered. The branch will always give you a lower rate because the lesser the interest to you, the more money the branch makes.

The best rate any Nigerian bank will give you on fixed deposit is 12% and that's if you are bringing up to 50million.

Go for treasury bill

Investnow2017:

Built2Last. You are the best. You hav answered my questions and cleared my concerns. But one more question. How often are Treasury Bills sold at the bank. Because from your example it is a great safe short to medium term investment now.

Investnow2017:

Built2Last. You are the best. You hav answered my questions and cleared my concerns. But one more question. How often are Treasury Bills sold at the bank. Because from your example it is a great safe short to medium term investment now.

Built2last:


Treasury bill happens every 14 days in a month. Twice in a month. Money market is also good investment platform. You need to research on that

Yazmin:



You are right.

13.9% of N10,000,000

For a 91day tenored bill is about N346,000(plus or minus).

Mind you 13% is the annual rate which should be discounted for 91 days to get the effective rate.

My field....

Yazmin:



You are right.

13.9% of N10,000,000

For a 91day tenored bill is about N346,000(plus or minus).

Mind you 13% is the annual rate which should be discounted for 91 days to get the effective rate.

My field....

policy12:

Treasury bill...from my experience in the financial sector treasury pay and dt is why most banker hardly sale it to their customers.

ednut1:
Tbills. Tax free. Unlike fixed deposits