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Fixed Deposit In Nig Banks Crashed??? - Investment - Nairaland

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Fixed Deposit In Nig Banks Crashed??? by RUDEBOYY(m): 11:20pm On Jan 31, 2020
I was surprised last week when my bank's customer care told me that the current rate for fixed deposit is 0.5%.
Please bankers in the house,is there any explanations to this development?
And please apart from fixed deposit is there other better investments available?.
Thanks in advance.
Re: Fixed Deposit In Nig Banks Crashed??? by popsy2(m): 12:17am On Feb 01, 2020
Haa
Re: Fixed Deposit In Nig Banks Crashed??? by delawal: 7:09am On Feb 01, 2020
RUDEBOYY:
I was surprised last week when my bank's customer care told me that the current rate for fixed deposit is 0.5%.
Please bankers in the house,is there any explanations to this development?
And please apart from fixed deposit is there other better investments available?.
Thanks in advance.
I was told d same thing then I liquidated my 2m fixed deposit in access bank on 13th Jan. surprisingly they paid me 4,500 as interest for the two weeks, d thing come make me confuse. does it mean d new rate does not affect d already existing fixed deposit or to affect d new ones to be done
Re: Fixed Deposit In Nig Banks Crashed??? by Nobody: 9:47am On Feb 01, 2020
RUDEBOYY:
I was surprised last week when my bank's customer care told me that the current rate for fixed deposit is 0.5%.
Please bankers in the house,is there any explanations to this development?
And please apart from fixed deposit is there other better investments available?.
Thanks in advance.
There is a package in Zenith Bank called Life Assurance where you will be depositing certain amount in your account every month and Zenith Bank will be deducting the money from your account at a date specify by you. The minimum investment is #5000 and you will be getting 6% of the money. The disadvantage is that you can only access your money and percentage after 2 years
Re: Fixed Deposit In Nig Banks Crashed??? by delawal: 10:10pm On Feb 01, 2020
hopeforcharles:

I recently made an investment of 400k and the rate they are giving is quite good. For 3 months I will be getting 15% and I am willing to show anyone. And beside it is CBN regulated. Use my link to access amazing financial services - instant loans, funds transfers and bill payments. Get started now: https://1fi.co/nRYTxc
u want us to click ur yahoo yahoo link. look at this boy o. u no knw ur father

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Re: Fixed Deposit In Nig Banks Crashed??? by hopeforcharles(m): 10:37pm On Feb 01, 2020
delawal:

u want us to click ur yahoo yahoo link. look at this boy o. u no knw ur father
I guess I am to big for that, why scam someone when I virtually have everything going smoothly for me.
I don't owe anybody anything to proof. If u click great if not great.
Re: Fixed Deposit In Nig Banks Crashed??? by RUDEBOYY(m): 10:37pm On Feb 01, 2020
....I know about this and it's not a good deal for me.
Please does it mean fixed deposits is not bouncing bk anytime soon





fados4sure:

There is a package in Zenith Bank called Life Assurance where you will be depositing certain amount in your account every month and Zenith Bank will be deducting the money from your account at a date specify by you. The minimum investment is #5000 and you will be getting 6% of the money. The disadvantage is that you can only access your money and percentage after 2 years
Re: Fixed Deposit In Nig Banks Crashed??? by delawal: 11:04pm On Feb 01, 2020
RUDEBOYY:
....I know about this and it's not a good deal for me.
Please does it mean fixed deposits is not bouncing bk anytime soon





I still have a fixed deposit I didn't liquidate in zenith. by Monday I will know if its affected by d new 0.5% rate. if so I go just liquidate am till anoda option comes . I think its better to keep d money in ordinary savings acct than this new .5%
Re: Fixed Deposit In Nig Banks Crashed??? by Odiase23: 11:29pm On Feb 01, 2020
The crashed in rate is for new Investments.
But, Big Financial institutions still give very good rates but the render Personalised Investment Services....Let's talk privately on these
Re: Fixed Deposit In Nig Banks Crashed??? by Odiase23: 11:35pm On Feb 01, 2020
There is a Finance company in Nigeria, they've been in Nigeria for 10years. Licensed and regulated by CBN... They have a very compitive Rates on Investment.

Amount invested and duration will determine how much rate you get....

PM, Let's fly
Re: Fixed Deposit In Nig Banks Crashed??? by Odiase23: 11:37pm On Feb 01, 2020
RUDEBOYY... Let's talk.
Re: Fixed Deposit In Nig Banks Crashed??? by Odiase23: 11:40pm On Feb 01, 2020
Delawa: The new rate does not affect your running Investment , but at maturity if you are rolling over, it will be on the privailing rate.... Let's talk more.
Re: Fixed Deposit In Nig Banks Crashed??? by delawal: 6:07am On Feb 02, 2020
Odiase23:
Delawa: The new rate does not affect your running Investment , but at maturity if you are rolling over, it will be on the privailing rate.... Let's talk more.

I did it in may last year .I requested for 30days fixed deposit. ever since then they have continued to roll it over as I don't have anything to do with d money. so when will this maturity actually be
Re: Fixed Deposit In Nig Banks Crashed??? by slimanyd: 11:31pm On Feb 02, 2020
RUDEBOYY:
I was surprised last week when my bank's customer care told me that the current rate for fixed deposit is 0.5%.
Please bankers in the house,is there any explanations to this development?
And please apart from fixed deposit is there other better investments available?.
Thanks in advance.

Things are now bad. Imagine. Access bank fixed deposit of 100k for 90days will give me 75 naira interest. I diligently opted for Sairui mall with same amount and am paid 15k every month till am tired or opting out from buying goods into my online store. ..
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or join the group below

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Re: Fixed Deposit In Nig Banks Crashed??? by RUDEBOYY(m): 12:23pm On Feb 03, 2020
I am not the type of person that put my money anywhere outside the bank..please if any one knows how I can keep getting good interests within the bank should do well to share.
I gust hope this fixed deposit comes up soon enough embarassed
Re: Fixed Deposit In Nig Banks Crashed??? by hemanewton: 12:23am On Feb 04, 2020
AB microfinance Bank still offers very attractive rates. Try them out
Re: Fixed Deposit In Nig Banks Crashed??? by Lovelygbems: 1:34pm On Jun 14, 2021
We now offer 5%


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