yomi007k:


Im not doubting u. Its jus dt I noticed dt first bank n stanbic give d best rates n I dont hv an account wt either.

chizzy4love:

Not small atall ooooooo.instead of money just wasting in the bank with little interest.i came across this page today.so if my bill is successful for instance,the money will be debited and interest paid within 3 days right?
Pls guys help as I need answers so as to invest the small money in my account.i just got off the phone with one of my bank's marketers and he dosnt want to explain it deeply for me and he is rather telling me to go for fixed deposit that there is no bidding for now.My bank is first bank and I am new at this.

amjustme2:
That's what bank staff are "programmed" to do,make money for their employer.
Go to First Bank on Monday, ask for a Personnel [/b]incharge of [b]Treasury Bills/Bond investment, ignore your account officer. Tell the person you want to invest in Treasury Bills. Ask for Tenors and Rates available. They may likely inquire of how much you want to invest.

chizzy4love:

Please are you saying if someone invest xxxm for instance,the person get xxxk per annum?

deepwater:
lol it's once in a year ooo!
Capital is returned at the maturity date.
Your interest comes to you almost immediately your bid is successful that is if u do not choose to reinvest ur interest..

Mind u we don't quote figures here

Cheers and happy investing

chizzy4love:

Thanks darling.I appreciate.
It was just for example.i needed to understand it well.

chizzy4love:

Thanks darling.I appreciate.
It was just for example.i needed to understand it well.

Investnow2017:


@Chizzy4love, i still believe if you go to First Bank early on Monday you might still get 345days tenor at 18.3%pa.

As you are paid your interest upfront, note that unless you choose to break it, your principal invested will only be paid back to your account on the 344th day. Now you have to decide if you can afford to leave your money with FGN for that long! Of all safe short term investments Treasury Bills at current rates are just impressive and they suit my kind of person. And if you are fortunate to put in substantial sum, you can quickly benefit from returns on reinvested interest received upfront.
It plays well with those with deep pocket.

Let us know how it went on Monday after yr auspicious visit to First Bank. Dont expect yr account officer to be happy with you though

smithsydny:
I use stanbic plz how do invest am new

yomi007k:


Jus enter d bank n ask customer care ....dey wil give u d latest info n a form to fill

chizzy4love:

Thanks, will do that.
Please is the 18.3%p.a for primary or secondary market and how many days before my interest will be paid upfront after being debited.Lastly,I have been hearing no risk involved atall so meaning at the 344th day,my initial debit will be returned to my account right?

smithsydny:
ur a correct man.. Thanks

yomi007k:


Jus enter d bank n ask customer care ....dey wil give u d latest info n a form to fill

amjustme2:
You should note : Not all customer desk staff know about TBILLS, its better to ask for a Staff in charge of Treasury Bills. That's likely how you will get the right information.

mexite:

Please NLers, what's the minimum capital for investment on TB in banks? Is it true that it's #50million?

mexite:

Please NLers, what's the minimum capital for investment on TB in banks? Is it true that it's #50million?

chukzyfcbb:
Happy new month. All I want to say is

Compound interest is a very great force.

take this scenario
A man who has 5million naira saved up and is working, can plan for retirement on time. How?
Let's say he compound his invests 5m annually @ 15% in Tbills and he contributes only 200k at the start of each year. After 20yrs, he will be a multi millionaire, making 105million. screen shot below

Ex2:Similarly one who compounds 1million annually @ 15% and adds 100k only at the start of each year,
After 20yrs, would have made 28million naira

Money enough to train his kids through university by then.

Ex3: For the ballers and top shot callers here, with 20million invested for only 5years @ 15% and with a yearly addition of 4miillion naira.
In 5yrs, u would have made 71million naira
Money enough to get start two housing projects.

One for personal use, and one for rent

#It may seem impossible due to fluctuation in tenor rates and
human desires for worldly things, but I tell u

If you decide to be a true disciple of compound interest, at least in a safe haven like tbills not a speculative market like stocks or lands or currency, You will sure harvest Big Fruits

alezzy13:


Wow!! eye opening!!

Just a clarification, let me see if i get this compound interest thingy. using the first scenario, 5m @15 would yield 750k pa, right? So compounding would mean adding the 750k to the principal and reinvesting, ie 15m +750k = 5,750,000 the following year?

chukzyfcbb:

yes sire, that's what compounding means. simply reinvesting your interest + principal. If you happen to add something extra no matter how little at the start of each year, it becomes even better

vitality22:
Please, i will like to find out the minimum amount i can invest in Tbills in Diamond bank. I have a little amount of money there that i've not touched for over 2 years now? The bank is just playing around with the money.
Please help a brother with this answer. Thanks

inze:


. . . DiamondBank accepts 100k as minimum

missrational:


So with 100k I can invest in the one for 1 year? Just confirming that it applies to all three tenures

Tohsynetita1:
No one to answer me? How do I get started?

RealityShot:

use stanbic IBTC or First Bank.
go for 364 days tenor to get at least 18% interest at the next auction after you apply.

200k should fetch you about 36k yearly at current rates and its a good start!
some started with 100k only.
ride on!