For those who did fixed deposit investment in First Bank, please share your experience:
Where you ever deceived or cheated by the banks?

And was what to expect properly explained and calculated before you fix your huge money.

I have being employed for 5 years and paid my salary non-stop.

I have got 7 million Naira which i am thinking to invest - money from being employed and left over of scholarship i got for Masters of two years abroad. Thinking about getting experienced advise about the next easy step to do with it now.

I will appreciate your advise.

You can as well keep in mind that:

"I am not thinking about starting a business and all its wahala for now - I believe it is not a crime or stupidity if I don't start a business because i have a capital as most people always depict. I believe i don't have to be stinking rich"

Please feel free to share your opinion. Thanks.

Ask successful men how many of save money in a bank be it fixed deposit or otherwise

MercyLady:
For those who did fixed deposit investment in First Bank, please share your experience:
Where you ever deceived or cheated by the banks?

And was what to expect properly explained and calculated before you fix your huge money.

I have being employed for 5 years and paid my salary non-stop.

I have got 7 million Naira which i am thinking to invest - money from being employed and left over of scholarship i got for Masters of two years abroad. Thinking about getting experienced advise about the next easy step to do with it now.

I will appreciate your advise.

You can as well keep in mind that:

"I am not thinking about starting a business and all its wahala for now - I believe it is not a crime or stupidity if I don't start a business because i have a capital as most people always depict. I believe i don't have to be stinking rich"

Please feel free to share your opinion. Thanks.

Fixed deposit investment in general is a straight investment, no much hassle, upon investment the would probably give you a letter or mail stating the amount you invested, rate and tenure(for how long), some take a step forward to state how much you would get upon maturity and if any the tax implications.

I have never heard of someone bring short changed in fixed deposit, because all the need to do is key in the rate and tenure into a computer and the figures will be generated, so I think you have nothing to worry about.

@ ernie4life

Thanks for your reply.

MercyLady:
For those who did fixed deposit investment in First Bank, please share your experience:
Where you ever deceived or cheated by the banks?

And was what to expect properly explained and calculated before you fix your huge money.

I have being employed for 5 years and paid my salary non-stop.

I have got 7 million Naira which i am thinking to invest - money from being employed and left over of scholarship i got for Masters of two years abroad. Thinking about getting experienced advise about the next easy step to do with it now.

I will appreciate your advise.

You can as well keep in mind that:

"I am not thinking about starting a business and all its wahala for now - I believe it is not a crime or stupidity if I don't start a business because i have a capital as most people always depict. I believe i don't have to be stinking rich"

Please feel free to share your opinion. Thanks.

will advice you go for treasury bill. Its less risk and percentage profit is more than fixed deposit except maybe you bargain well

MercyLady:
For those who did fixed deposit investment in First Bank, please share your experience:
Where you ever deceived or cheated by the banks?

And was what to expect properly explained and calculated before you fix your huge money.

I have being employed for 5 years and paid my salary non-stop.

I have got 7 million Naira which i am thinking to invest - money from being employed and left over of scholarship i got for Masters of two years abroad. Thinking about getting experienced advise about the next easy step to do with it now.

I will appreciate your advise.

You can as well keep in mind that:

"I am not thinking about starting a business and all its wahala for now - I believe it is not a crime or stupidity if I don't start a business because i have a capital as most people always depict. I believe i don't have to be stinking rich"

Please feel free to share your opinion. Thanks.

do you have an idea of what 7m could give you when you invest in treasury bill for just a yr? nawaooooo

@op
please go for treasury bills

@ all

Thanks for your reply, i will research about it.

how much is the least one can invest on treasury bills?

@Erebeshe
100k

I know for a fact that Unity Bank plc can give you 10% interest in your N7m investment for fixed time deposit. That's 700,000 interest per annum. Deducting withholding tax of 10% (70,000) gives you 630,000 p.a. This translates to 52,500 per month. I know this for a fact. You can try it

If invest 100k how much will yield for me in a month.obiageli7478@gmail.com

Acme77:
@Erebeshe
100k

Somebody should pls tell more about treasury bill.

Acme77:
@Erebeshe 100k

how much will i get if i invest 300k