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Nairaland Forum / Nairaland / General / Investment / Fixed Deposit Vs Treasury Bills: Which Pays Better? (45386 Views)
Why Invest In Treasury Bills When Theres Stanbic's Mutual Funds? / Mutual Money Market Funds Vs Fixed Deposit Which Pays Better???? / Mutual Funds Vs Fixed Deposit Vs Swiss Golden (2) (3) (4)
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Re: Fixed Deposit Vs Treasury Bills: Which Pays Better? by tundechange: 5:47pm On May 27, 2017 |
ednut1: Yes, its tax free, however, the upfront interest is subject to a custodian fee of 0.10% of the face value, 5% VAT on custodian fee and the commission charged by the primary dealer/agent you are buying it through (this varies from Bank to Bank). Whichever way, Tbills is much more better presently. 4 Likes 1 Share |
Re: Fixed Deposit Vs Treasury Bills: Which Pays Better? by prinsam30: 5:47pm On May 27, 2017 |
can one start a treasury bill for let say 500K |
Re: Fixed Deposit Vs Treasury Bills: Which Pays Better? by tundechange: 5:48pm On May 27, 2017 |
prinsam30: In the primary market, NO. But in the secondary market, yes, subject to availability. |
Re: Fixed Deposit Vs Treasury Bills: Which Pays Better? by do4luv14(m): 5:50pm On May 27, 2017 |
Yazmin: how can one invest in treasury bill, where can one see to invest in Dem,, can one starts small, and increase later |
Re: Fixed Deposit Vs Treasury Bills: Which Pays Better? by BabaCommander: 5:50pm On May 27, 2017 |
mantosa:Me self no understand. For every #10.000.000, I pays a tithe of #1,000,000 which is 10% 1 Like |
Re: Fixed Deposit Vs Treasury Bills: Which Pays Better? by OreoPaschal(m): 5:50pm On May 27, 2017 |
Yazmin:Bossman....Pls, elaborate on how you came about the figure?? Thanks 1 Like |
Re: Fixed Deposit Vs Treasury Bills: Which Pays Better? by Nobody: 5:52pm On May 27, 2017 |
mantosa: You sabi book 3 Likes 1 Share |
Re: Fixed Deposit Vs Treasury Bills: Which Pays Better? by onitshaman: 5:52pm On May 27, 2017 |
dotcomnamename:UR PAPA PLAY POOL WELL WELL AND IM DON ENTER UR BRAIN WELL WELL! 1 Like |
Re: Fixed Deposit Vs Treasury Bills: Which Pays Better? by eph123(f): 5:54pm On May 27, 2017 |
mantosa: The amount you've stated is for a full year. You need to divide the 1,390,000 by 12 to get the monthly figure = 115,833 Then multiply it by 3 (90 days tenor is 3 months) = N347,500 40 Likes |
Re: Fixed Deposit Vs Treasury Bills: Which Pays Better? by prinsam30: 5:56pm On May 27, 2017 |
tundechange: I'm not really into all these financial brouhaha but after seeing this I think I need to check out this treasury bills, it's like it pays. currently I'm banking with Gtbank, Access, FCMB, FirstBank and UBA, Pls which of these banks is more reliable thanks in a million |
Re: Fixed Deposit Vs Treasury Bills: Which Pays Better? by exlinkleads(f): 5:56pm On May 27, 2017 |
eph123: is far better to do this for a year now |
Re: Fixed Deposit Vs Treasury Bills: Which Pays Better? by eph123(f): 5:59pm On May 27, 2017 |
exlinkleads: Not everyone wants to tie their money down for a year, and secondly rates could go higher but meanwhile you would be locked in to the given rate. 7 Likes |
Re: Fixed Deposit Vs Treasury Bills: Which Pays Better? by Nobody: 6:01pm On May 27, 2017 |
Re: Fixed Deposit Vs Treasury Bills: Which Pays Better? by tundechange: 6:03pm On May 27, 2017 |
prinsam30: Cant really say which of these Banks is more reliable when it comes to Tbills. U can do a sampling on them all to get their offer rates. |
Re: Fixed Deposit Vs Treasury Bills: Which Pays Better? by prinsam30: 6:05pm On May 27, 2017 |
tundechange: thanks again, this is great |
Re: Fixed Deposit Vs Treasury Bills: Which Pays Better? by mantosa(m): 6:07pm On May 27, 2017 |
Thanks a lot for the explanation. eph123: |
Re: Fixed Deposit Vs Treasury Bills: Which Pays Better? by eluquenson(m): 6:09pm On May 27, 2017 |
Treasury bill still pays better than fixed deposit 1 Like |
Re: Fixed Deposit Vs Treasury Bills: Which Pays Better? by Adiwana: 6:10pm On May 27, 2017 |
OreoPaschal:Elementary simple interest formula of A = P(1 + rt) so investing N10M,Gives you r = R/100 = 13.9%/100 = 0.139 per year, 3 months ÷ 12 months/year = 0.25 years, The total amount accrued, principal plus interest, A = 10000000(1 + (0.139 × 0.25)) = 10347500 from simple interest on a principal of N 10,000,000.00 at a rate of 13.9% per year for 0.25 years (3 months) is N 10,347,500.00. N 10,347,500.00-1000000=N347500 sorry for the long maths 12 Likes |
Re: Fixed Deposit Vs Treasury Bills: Which Pays Better? by AreaFada2: 6:10pm On May 27, 2017 |
Good post. Not yeyebrity stuff. 5 Likes |
Re: Fixed Deposit Vs Treasury Bills: Which Pays Better? by unapologetic: 6:11pm On May 27, 2017 |
prinsam30: I bought with Access last week at a rate of 17.2 for 240 days but i heard first bank has the best rate.... first bank seems to also have more positive feedback. 7 Likes |
Re: Fixed Deposit Vs Treasury Bills: Which Pays Better? by seun70(m): 6:12pm On May 27, 2017 |
That's correct but to a non number-cruncher, I would say: 1,390,000 ÷ 365 = ? × 90 days mantosa: |
Re: Fixed Deposit Vs Treasury Bills: Which Pays Better? by eph123(f): 6:12pm On May 27, 2017 |
mantosa: Don't mention. 1 Like |
Re: Fixed Deposit Vs Treasury Bills: Which Pays Better? by kayusre: 6:24pm On May 27, 2017 |
Minus 10% tax ... Yazmin: |
Re: Fixed Deposit Vs Treasury Bills: Which Pays Better? by OreoPaschal(m): 6:28pm On May 27, 2017 |
Adiwana:Whaooo.... thanks Man! |
Re: Fixed Deposit Vs Treasury Bills: Which Pays Better? by shaks4s: 6:28pm On May 27, 2017 |
Sure T-bills. But you can consider mutual fund too. Stanbic Mutal fund money market offers about 18.4% at the moment. 2 Likes |
Re: Fixed Deposit Vs Treasury Bills: Which Pays Better? by otimothy(m): 6:31pm On May 27, 2017 |
Op,please settle for TB, reason is because it is backed by the federal government and very secured unlike fixed deposit that is solely a bank thing.... 1 Like 1 Share |
Re: Fixed Deposit Vs Treasury Bills: Which Pays Better? by nams77: 6:32pm On May 27, 2017 |
Built2last:This man has said all I wanted to say. Go for Treasury bills |
Re: Fixed Deposit Vs Treasury Bills: Which Pays Better? by jd1986(m): 6:37pm On May 27, 2017 |
Hmmmm...Would it soon |
Re: Fixed Deposit Vs Treasury Bills: Which Pays Better? by Zhirinovsky: 6:38pm On May 27, 2017 |
You all should emphasize patience, we will soon launch a client friendly fund with 20% ROI per annum. |
Re: Fixed Deposit Vs Treasury Bills: Which Pays Better? by Ninewale(m): 6:38pm On May 27, 2017 |
BabaCommander: Baba Commander, lol. It is being pro rated i.e 91days out of 365 days (91/365), 182days out of 365days (182/365). Multiplied by the interest factor |
Re: Fixed Deposit Vs Treasury Bills: Which Pays Better? by Ninewale(m): 6:43pm On May 27, 2017 |
Adiwana:That exactly only that it's in pro rated in months. It's correct all the same. 1 Like |
Re: Fixed Deposit Vs Treasury Bills: Which Pays Better? by bedfordng(m): 6:49pm On May 27, 2017 |
mantosa:that is because you are using 12 month maturity. if you are leaving it for 91days, then they have to prorate it to the 91days. here Is the simple maths. 13.9x10m divided by 100% is equal to 1390000. now they have to take out the 91days from it since you are not investing for 12month, which is 365days. so they will divide the 1390000 by 365days which gives you 38080.2192. now multiply that by 91days gives you your interest of 346557.95 |
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