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Fixed Deposit In Microfinance Bank by prestige2013: 7:25pm On Sep 03, 2017 |
I have this lump sum i plan to use next year, so i decided to Fixed it Up but the percentage am getting from commercial banks is below 10% while a Microfinance bank is offering me 12%. How secure is FD with Microfinance bank? |
Re: Fixed Deposit In Microfinance Bank by Spetzzy7(m): 8:21pm On Sep 03, 2017 |
prestige2013: you simply dont know what to do with the money thats why you opened a fixed deposit account. the bank is actually the one benefiting not you. have you heard of bitcoin before? |
Re: Fixed Deposit In Microfinance Bank by prestige2013: 8:32pm On Sep 03, 2017 |
Spetzzy7: The money is for Business and presently am running a program that will lapse by July/August 2018. Based on d mode of business- i cant control the two together unless i want ppl to squander my resources. so instead of being fallow in bank. i want to use it for FD for a year when i will be ready to manage my Biz. |
Re: Fixed Deposit In Microfinance Bank by phrancys001(m): 8:52pm On Sep 03, 2017 |
Will advice you opt for treasury bill,you will get 17 - 18% running one with diamond bank at the moment also zenith bank too can assist also interest is paid upfront. |
Re: Fixed Deposit In Microfinance Bank by 9japrof(m): 6:04am On Sep 04, 2017 |
Buy Treasury bills, gives you a better ROI. I would advise you against investing in microfinance bank, except for some few like LAPO etc that are grounded. The rest might just go under or elope with your money... 1 Like |
Re: Fixed Deposit In Microfinance Bank by prestige2013: 10:48am On Sep 04, 2017 |
phrancys001: How do i start the T bills? kindly help with the procedures for a Beginners, is it always available through out the year? Thanks |
Re: Fixed Deposit In Microfinance Bank by tsowems(m): 12:43pm On Sep 04, 2017 |
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Re: Fixed Deposit In Microfinance Bank by CuteRedd(f): 2:05pm On Sep 04, 2017 |
prestige2013:firstly come to this thread its a wealth of information https://www.nairaland.com/878880/treasury-bills-nigeria I knew nothing about Tbills some months ago but now I can say I can hold my own |
Re: Fixed Deposit In Microfinance Bank by prestige2013: 10:09pm On Sep 06, 2017 |
Stanbic offers are better
Fixed Deposit- 13%
stanbic MMF - 18% which is still secure as Treasury bills of 18.25%. |
Re: Fixed Deposit In Microfinance Bank by nomorelimits: 12:04pm On Jun 08, 2019 |
Can you please explain this further prestige2013: |
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