ernie4life:



Both Tbills and FD are low risk investment, with the current trends right now I believe FD will give you something higher than T bills. 
 Let's say you do FD for a year at 9%(net with holding tax) your interest on 1m will be 90k at the end of the year. 
Now the question on the rates you see, bear in mind all interest rates are per annum meaning if a bank or Tbills offers you 5% 1m for 3months, the calculation is first to get 5% of 1m then divide by 4 in order to pro relate it 3months since 12months makes one year.‎

KwoiZabo:
Guy does that apply to Tbills? I.e a 90 day Tbill at 6.5. 1million will give you 65k or 65k divided by 3? Which one?

KwoiZabo:
Guy does that apply to Tbills? I.e a 90 day Tbill at 6.5. 1million will give you 65k or 65k divided by 3? Which one?

unite4real:


65K divided by 4 and not even 3. 91 days is a quarter of 364 days. That is N16,250

KwoiZabo:
Thanks. I guess my decision to do 1.5m for 364 days in the last auction was a good one. Acct: ********
Amt: NGN1,358,461.02 Dr
Desc: TREASURY BILLS INVESTMENT-trBP 265 NTB364DAYS_AUCTION
Avail Bal: NGN ***. The bank (GT) charged about 1800 as custody & commission fee. At this rate it should be 9.3% of 1.5m or 10.2% of the deducted amount which is how fixed deposit is calculated.

quertyquack:
You think so? Wait a few months after budget is signed. You go see 14% for 182 days, 15% for 364. You go lock in for one year.

babakess:
Stop rate.....for may 4th..

91. Days.....7.999%
182 days......9.00%
365 days.....11.05%

babakess:
Stop rate.....for may 4th..

91. Days.....7.999%
182 days......9.00%
365 days.....11.05%

freeradical:
Just visited Zenith bank today to enquire about interest rates for FD and was told it's a paltry 2.5%. Na vex I carry comot for there.

Rexceedo:
I made my T-bill debut...

I just got alert from FCMB, that my #240000 bid @ 10.2% was successful.
Debit alert
DESC: VAL OF T-BILL
AMT:NGN215,661.66
While they charge #360 as custodian fee.

BitterTruthUass:
Ur bid must be for 365days to get 10.2%?

mekaboy:


Chai, I missed out, by the time I found out the bidding was today, first bank said they have stopped collecting bids.

I would have failed sha, planned to bid for 8%. but as soon as the budget is signed the 91 days will be up to 10%.

I will just do 30days fixed deposit with gtb and wait.

babakess:
Stop rate.....for may 4th..

91. Days.....7.999%
182 days......9.00%
365 days.....11.05%

Rexceedo:
I made my T-bill debut...
I just got alert from FCMB, that my #240000 bid @ 10.2% was successful. Debit alert DESC: VAL OF T-BILL AMT:NGN215,661.66 While they charge #360 as custodian fee.

walexy14:
10.2% is a good rate Considering the volume

TopKol:
Can someone explain the difference between Treasury Bill (TB) and Federal Govt Bond (FB)? I know the max year for TB is 364 days and FB varies from 5-20 years. Any other differences?

johnhack:
waiting patiently for a better rate of TB

TopKol:
Can someone explain the difference between Treasury Bill (TB) and Federal Govt Bond (FB)? I know the max year for TB is 364 days and FB varies from 5-20 years. Any other differences?

godash:


@mekaboy, how do you do FD with GTBank? I have an amount with them already. Thanks.

mekaboy:


Just go there they will give u a form to fill. Once ur done th amount will be deducted from your account. It 4.5% for anything above 1m for 30days. That's even if it's 1.01m.

I did 30 days because I am waiting for the budget to be signed. So once 30 days is over I go into Tbills.