faoogoke:
I just opened a Money Market Fund and Stock Trading account with United Capital

The process was smooth in that you must submit all required document and you dont need to step into their office to do all that.

I did it all online

My account dash board is impressive.

The rates are displayed for each of the products. I can make all kind of requests

I am impressed. I hope I will continue to be impressed.

faoogoke:
I just opened a Money Market Fund and Stock Trading account with United Capital

The process was smooth in that you must submit all required document and you dont need to step into their office to do all that.

I did it all online

My account dash board is impressive.

The rates are displayed for each of the products. I can make all kind of requests

I am impressed. I hope I will continue to be impressed.

IyawoToBe:
What is their current daily rate?

singletech:
Does it mean this MMF will continue failing like this... I thought it was ember months that was the issue last year, but it keeps failing... Does anyone has explanation to this falling

emmanuelewumi:



Money market funds are Invested in Treasury Bills, commercial papers, fixed deposit and other money market instruments, so you should expect a fall in their yields.

But some few fund managers now lend money to their clients at 20%, this will help those ones to have a yield of 10% or more

singletech:

Example of the fund managers please

civilserva:
I use FBNquest, ARM and IBTC.
ARM and StanbicIBTC are the best in terms of customer service , account top up and redemption. ARM is the best in terms of yield.
I will close FBNQUEST account this month.

singletech:
Does it mean this MMF will continue failing like this... I thought it was ember months that was the issue last year, but it keeps failing... Does anyone has explanation to this falling

alex81:
my MMF is still 13% interest pa

civilserva:
I use FBNquest, ARM and IBTC.
ARM and StanbicIBTC are the best in terms of customer service , account top up and redemption. ARM is the best in terms of yield.
I will close FBNQUEST account this month.

coolangel54:
The rate at which MMF interest is dropping baffles me and I had a second thought... Digital agriculture. Did my investigation online via a thread on nairaland designed specifically for it and oh yes, I have diversified. I can't come and kill myself this 2020 as I want everywhere to stew for me.
[/b]Please, check my signature for my referral code to register with Farm Funds Africa[b].

odontoid1:


I hope this is not another form of MMM in disguise. I checked their site out and saw the design like MMM. For instance, you sponsor a farm(more like providing help), you wait for a period of time during which the sponsored farm grows(similar to mavro of MMM growing), then the interest with the capital is paid(just like GHing). After which you recycle or walk away. There is also a referral bonus. I spoke with one of the agents and demanded that I see the farm before I can sponsor but he said because of security reasons, they don't show sponsors the farm. This makes me wonder if they really have a farm somewhere or not.

Please does anyone have more information about the Farm Funds Africa and similar platforms? Do they really have farm somewhere? If yes has anyone seen those farms in existence?

Kindly enlighten me more. Thank you

ernie4life:


Could be audio Farm
Warren Buffett once said
He called this progression the “three I’s.” First come the innovators, who see opportunities that others don’t. Then come the imitators, who copy what the innovators have done. And then come the idiots, whose avarice undoes the very innovations they are trying to use to get rich.

Be careful where you put your hard earned money

alex81:
my MMF is still 13% interest pa

Nigsrdumb:


.

faoogoke:


I want to try out with United Capital first. If they are better than FBNQuest like I am seeing, I will seriously reduce me exposure at FBNQuest.

I have always expected FBNQuest to behave like their mother First Bank and I am not surprised.

So when FBNQuest got high rating here I began to wonder until I opened an account with them. I want to wait till the end of the quarter to

pass my final assessment.

olystic:
Everybody check stanbic has started deduction of interest. Let query them.

olystic:
Everybody check stanbic has started deduction of interest. Let query them.

iaatmguy:
fbnquest's rate for yesterday is 7.9%, very discouraging

iaatmguy:
and the rate keeps coming down. after it took them forever to remit the profit. rate is now 7.5%