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Which Bank Is The Best For Fixed Deposit Account - Investment - Nairaland

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Which Bank Offers The Best Interest Rate For A Fixed Deposit Account / Which Bank Is The Best For Fixed Deposit / Which Bank Is Best Suitable For Fixed Deposit In 2019 (2) (3) (4)

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Which Bank Is The Best For Fixed Deposit Account by Olakunle007(m): 5:49am On Oct 01, 2018
Hello. Happy Independence.
I am a student and have about #300,000 idle in my bank account for almost four months now. I don't think I will need the money anytime soon and I couldn't come up with any business I couldn't invest it in. (maybe the business tycoon here could help me out in that). I'm thinking of opening a fixed deposit amount.

Currently, I'm using GT Bank and Diamond bank, but I wouldn't mind any other bank so far the bank has a better interest rate.

Please recommend banks with good interest rate and tell me the increment percentage, if you have any idea. I'm planning on opening the account tomorrow, as banks won't open today.
Re: Which Bank Is The Best For Fixed Deposit Account by msanda(m): 6:17am On Oct 01, 2018
Olakunle007:
Hello. Happy Independence.
I am a student and have about #300,000 idle in my bank account for almost four months now. I don't think I will need the money anytime soon and I couldn't come up with any business I couldn't invest it in. (maybe the business tycoon here could help me out in that). I'm thinking of opening a fixed deposit amount.

Currently, I'm using GT Bank and Diamond bank, but I wouldn't mind any other bank so far the bank has a better interest rate.

Please recommend banks with good interest rate and tell me the increment percentage, if you have any idea. I'm planning on opening the account tomorrow, as banks won't open today.

Check out this video for some excellent ideas

https://www.youtube.com/watch?v=EDHTlNWEb04&index=2&list=PLchmjliHm8o_r7g87g9UgWotN9hR7dIR5

If you prefer, you could read the article here https://www.modupesanda.com/blog/5-ways-invest-money/

1 Like 1 Share

Re: Which Bank Is The Best For Fixed Deposit Account by lgboks(m): 6:22am On Oct 01, 2018
Olakunle007:
Hello. Happy Independence.
I am a student and have about #300,000 idle in my bank account for almost four months now. I don't think I will need the money anytime soon and I couldn't come up with any business I couldn't invest it in. (maybe the business tycoon here could help me out in that). I'm thinking of opening a fixed deposit amount.

Currently, I'm using GT Bank and Diamond bank, but I wouldn't mind any other bank so far the bank has a better interest rate.

Please recommend banks with good interest rate and tell me the increment percentage, if you have any idea. I'm planning on opening the account tomorrow, as banks won't open today.
Check out sterling Bank I-invest app it's on Google play store, also check out mutual funds (stanbic ibtc bank gives you a quick start with their app) for mutual funds, take their money market fund (mmf). Would mention you in some nice thread about both. Happy reading.

4 Likes

Re: Which Bank Is The Best For Fixed Deposit Account by lgboks(m): 6:25am On Oct 01, 2018
Olakunle007:
Hello. Happy Independence.
I am a student and have about #300,000 idle in my bank account for almost four months now. I don't think I will need the money anytime soon and I couldn't come up with any business I couldn't invest it in. (maybe the business tycoon here could help me out in that). I'm thinking of opening a fixed deposit amount.

Currently, I'm using GT Bank and Diamond bank, but I wouldn't mind any other bank so far the bank has a better interest rate.

Please recommend banks with good interest rate and tell me the increment percentage, if you have any idea. I'm planning on opening the account tomorrow, as banks won't open today.
Check out sterling Bank I-invest app it's on Google play store, also check out mutual funds (stanbic ibtc bank gives you a quick start with their app) for mutual funds, take their money market fund (mmf). Would mention you in some nice thread about both. Happy reading. Diamond Xtra account also has good interest rates
Re: Which Bank Is The Best For Fixed Deposit Account by Olakunle007(m): 8:21am On Oct 01, 2018
lgboks:

Check out sterling Bank I-invest app it's on Google play store, also check out mutual funds (stanbic ibtc bank gives you a quick start with their app) for mutual funds, take their money market fund (mmf). Would mention you in some nice thread about both. Happy reading. Diamond Xtra account also has good interest rates

Thank you. I don't know anything about MNF, but I will try and make further research. And for the Sterling Bank I-invest app, which of this apps are you referring to?

1 Like

Re: Which Bank Is The Best For Fixed Deposit Account by greatcrown: 8:22am On Oct 01, 2018
Olakunle007:
Hello. Happy Independence.
I am a student and have about #300,000 idle in my bank account for almost four months now. I don't think I will need the money anytime soon and I couldn't come up with any business I couldn't invest it in. (maybe the business tycoon here could help me out in that). I'm thinking of opening a fixed deposit amount.

Currently, I'm using GT Bank and Diamond bank, but I wouldn't mind any other bank so far the bank has a better interest rate.

Please recommend banks with good interest rate and tell me the increment percentage, if you have any idea. I'm planning on opening the account tomorrow, as banks won't open today.

I think it's better you put the money in money market fund

check all relevant money market funds daily returns on www.fman.com.ng

opening an account is easy as you don't have to visit the firms. Interest is calculated daily and you can monitor or view your account daily.

read more on mutual funds on this thread https://www.nairaland.com/1912965/mutual-funds
Re: Which Bank Is The Best For Fixed Deposit Account by msanda(m): 8:24am On Oct 01, 2018
greatcrown:


I think it's better you put the money in money market fund

check all relevant money market funds daily returns on www.fman.com.ng

opening an account is easy as you don't have to visit the firms. Interest is calculated daily and you can monitor or view your account daily.

read more on mutual funds on this thread https://www.nairaland.com/1912965/mutual-funds

I agree wholeheartedly.
Re: Which Bank Is The Best For Fixed Deposit Account by lgboks(m): 10:11am On Oct 01, 2018
Olakunle007:


Thank you. I don't know anything about MNF, but I will try and make further research. And for the Sterling Bank I-invest app, which of this apps are you referring to?
the first, by parthian partners.
Feel free to call their customer care line via the phone no. Ps: Google their customer care no to confirm the no. I shared (their care rep just called me few days back to ask why I havnt funded my acct, I just saved the no.)

Re: Which Bank Is The Best For Fixed Deposit Account by murphyrichy(m): 1:46pm On Oct 01, 2018
Its First bank dear. They offers the best rate both in fixed deposit and T-bills.
Re: Which Bank Is The Best For Fixed Deposit Account by AfriSurvey: 3:15pm On Oct 01, 2018
We are offering 5% per month.

Check the link below for details

https://www.nairaland.com/4758836/opportunity-invest-promising-tech-start-up
Re: Which Bank Is The Best For Fixed Deposit Account by Nobody: 3:24pm On Oct 01, 2018
Which enlightened person still does fixed deposit? Only uninformed people will allow bank workers cajole dem into DAT.... If u must do risk free long term deals, you will have to settle for treasury bills, in which u get higher yield and interest DAT is paid upfront at zero risk... Bank workers will never suggest DAT to you, for their selfish gains....
Re: Which Bank Is The Best For Fixed Deposit Account by Fan01(m): 9:41pm On Oct 14, 2018
lgboks:

Check out sterling Bank I-invest app it's on Google play store, also check out mutual funds (stanbic ibtc bank gives you a quick start with their app) for mutual funds, take their money market fund (mmf). Would mention you in some nice thread about both. Happy reading. Diamond Xtra account also has good interest rates

Mention me too! Please
Re: Which Bank Is The Best For Fixed Deposit Account by teenydex: 10:39pm On Oct 14, 2018
My brother will advice you to put your Invest
Invest your money in Wapic insurance investment and mind you will get 5% rate monthly and you also enjoy other benefit

WAPIC SMART LIFE+ is an insurance solution that provides you the opportunity of systematically accumulating funds toward meeting short-term obligations and emergencies with an embedded free life cover. 

Yes, FREE life cover

Features

Minimum monthly contribution: N5,000

Minimum quarterly contribution: N15,000

Minimum semi-annual contribution: N30,000

Minimum annual contribution: N60,000

Entry age: 18-54 years this simply means a client aged 55 and above cannot take up a SMART LIFE+

Part withdrawal: Up to 85% of accumulated principal taken at any time of the policy, however interest will be forfeited if withdrawal is done with year 1 of the policy

Premium payment frequency: Flexible

Return on investment: Index linked

Additional cover: permanent disability, critical illness and medical expenses as a result of accident (at a cost)

Benefits
Enjoy FREE life cover of up to N500,000

Easy underwriting for your convenience. (Proposal, valid means of identification and passport Photograph, utility bill if premium is above N100,000)....chat me up on 08062700434... Your money is rest assure here!
Re: Which Bank Is The Best For Fixed Deposit Account by msanda(m): 11:01pm On Oct 15, 2018
teenydex:

My brother will advice you to put your Invest
Invest your money in Wapic insurance investment and mind you will get 5% rate monthly and you also enjoy other benefit

WAPIC SMART LIFE+ is an insurance solution that provides you the opportunity of systematically accumulating funds toward meeting short-term obligations and emergencies with an embedded free life cover. 

Yes, FREE life cover

Features

Minimum monthly contribution: N5,000

Minimum quarterly contribution: N15,000

Minimum semi-annual contribution: N30,000

Minimum annual contribution: N60,000

Entry age: 18-54 years this simply means a client aged 55 and above cannot take up a SMART LIFE+

Part withdrawal: Up to 85% of accumulated principal taken at any time of the policy, however interest will be forfeited if withdrawal is done with year 1 of the policy

Premium payment frequency: Flexible

Return on investment: Index linked

Additional cover: permanent disability, critical illness and medical expenses as a result of accident (at a cost)

Benefits
Enjoy FREE life cover of up to N500,000

Easy underwriting for your convenience. (Proposal, valid means of identification and passport Photograph, utility bill if premium is above N100,000)....chat me up on 08062700434... Your money is rest assure here!


5% monthly? That's 60% per year. Pls be careful what you promise. I believe you mean 5% per annum with interest accrued monthly.

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