anyone in d house knows interest rate for 91day tenor Skyebank?

Did anyone get 364 days with GTB last week?

Destinydele:
I have account with first bank of Nigeria ....., All i did was to give directive to my account officer and sent him the necessary papers....I did one tb last month and another this month with interest and capital roll-over , Bank always debited my account. First bank una well donnn....Thank God for the Gurus in this trend , i will never leave my money idle in my account again...Tb investment is so interesting and can make you smile if you have good capital it can also catapult you to the next level...

What discount rate are they offering you

CBN Sells N27.7b OMO Bills as Overnight Rate Hits 41.67%
https://www.businesspost.ng/2017/11/21/cbn-sells-n27-7b-omo-bills-overnight-rate-hits-41-67/

Pls, I want to invest a little for my one year old. Is it advisable I purchase TBills for him? Considering the fact that I don't wanna touch the cash at all. I need advice.

The interest rate they offered me is 15.30 for 364 days.. ...better than fixed deposit....and if you keep re-investing; you are entitle to compound interest....I just like this tb business because your capital is secured and if you keep adding to your investment and diversifying, in few years you will be swimming in ocean of money..Thanks to the Gurus in the house...I was a novice in tb before.

hotmomma:
Pls, I want to invest a little for my one year old. Is it advisable I purchase TBills for him? Considering the fact that I don't wanna touch the cash at all. I need advice.

Open a Stanbic IBTC Money Market Mutual Fund for him/her. You wont regret it. While T/Bills are currently 15-16%, Stanbic MMF is currently 17.49% even as at today. And you stand the chance to benefit from compounded returns. Just my opinion, because it is working for me.

BREAKING: CBN Keeps Interest Rate at 14%
https://www.businesspost.ng/2017/11/21/breaking-cbn-keeps-interest-rate-14/

Investnow2017:


Open a Stanbic IBTC Money Market Mutual Fund for him/her. You wont regret it. While T/Bills are currently 15-16%, Stanbic MMF is currently 17.49% even as at today. And you stand the chance to benefit from compounded returns. Just my opinion, because it is working for me.

hotmomma:

i second that idea.

while you can leave money in mmfund for 10 years and it will keep compounding interests with no work from you;

TBills requires yearly renewal which may not be convenient at the time of maturity.

stanbic ibtc or FIRST bank mmfund will do

I got 13% on less than 91 days TB via first bank secondary market, is this acceptable on 500k

Investnow2017, realityshot.
God bless you two for this timely and on point advice.
I am grateful.

jaychubi:
I got 13% on less than 91 days TB via first bank secondary market, is this acceptable on 500k

not bad though, but I Stanbic gave around 15% for 80 days earlier this week.

hotmomma:
Investnow2017, realityshot.
God bless you two for this timely and on point advice.
I am grateful.

Money market all the way, because your plan is for a long term and it has less trouble.
On the other hand, Treasury bills fit better for a short term investment

Investnow2017:


Open a Stanbic IBTC Money Market Mutual Fund for him/her. You wont regret it. While T/Bills are currently 15-16%, Stanbic MMF is currently 17.49% even as at today. And you stand the chance to benefit from compounded returns. Just my opinion, because it is working for me.

I might take a look at this Stanbic IBTC Money Market fund again as i currently have a CHESS(Children Educational Savings Scheme) account with Stanbic for my kids where i have a standing debit order every month end against my account with them. I normally allow the money to get to good amounts and then i move it to TBs for them or buy dividend yielding stocks.

NL1960:


I might take a look at this Stanbic IBTC Money Market fund again as i currently have a CHESS(Children Educational Savings Scheme) account with Stanbic for my kids where i have a standing debit order every month end against my account with them. I normally allow the money to get to good amounts and then i move it to TBs for them or buy dividend yielding stocks.

if must Nigeria parent are like you then Nigeria would have been great but parent keep dowing thousand on beer,babes clubs etc

Traders Buy 198-Day Bills worth N18.20b at 17.80%
https://www.businesspost.ng/2017/11/22/traders-buy-198-day-bills-worth-n18-20b-17-80/

Could have been a lot better in my personal opinion, considering the trend.

Sometimes you have to insist on those bank officers to keep checking what else is available before you settle. Normally they will just reel off a few TB rate/tenure to you among the lot available and request you to choose the one you want.

If you had this transaction yesterday, just so you know I did 14.95% for 51days yesterday with same FBank. The officer started by listing out some not-so-good numbers but i insisted on NEXT until the above was mentioned. I remember they mentioned this 91d @ 13% you got and i passed it.

Personally i will not go below 14.5% for sec market, and so far it has worked in the multiple TBs I've purchased this period. PERSONALLY.

jaychubi:
I got 13% on less than 91 days TB via first bank secondary market, is this acceptable on 500k

sherif4owo:


not bad though, but I Stanbic gave around 15% for 80 days earlier this week.

Alikote:
if must Nigeria parent are like you then Nigeria would have been great but parent keep dowing thousand on beer,babes clubs etc

Most parents or most people do not really know that 'little drops of water make a mighty ocean'. I started doing the monthly debit when they were born. The first kid is now in JSS 3 boarding school and by the rules of the school, all JSS 3 and SSS 3 have to pay the three(3) terms fees and school bills once or maximum twice with January being the deadline to complete all payments. So i just did a 364-day tenor in August 2017 which was enough for me to settle everything once. The second kid entered JSS 1 boarding in September 2017. I also did TB with her own and settle all her fees. You are talking of beer, babes and clubs. What of the thousands being spent on aso-ebi every weekend?.

NL1960:


Most parents or most people do not really know that 'little drops of water make a mighty ocean'. I started doing the monthly debit when they were born. The first kid is now in JSS 3 boarding school and by the rules of the school, all JSS 3 and SSS 3 have to pay the three(3) terms fees and school bills once or maximum twice with January being the deadline to complete all payments. So i just did a 364-day tenor in August 2017 which was enough for me to settle everything once. The second kid entered JSS 1 boarding in September 2017. I also did TB with her own and settle all her fees. You are talking of beer, babes and clubs. What of the thousands being spent on aso-ebi every weekend?.

Talk about spending and saving at The same time. It's a win win . I Just pray the rates hold steady around 15% into tge new year.

zamirikpo:


Talk about spending and saving at The same time. It's a win win . I Just pray the rates hold steady around 15% into tge new year.

If the rates nose drive to a level iam not comfortable with, i might just look at the Stanbic MMF. Since it is the same bank, doing a standing order might not be a problem.

NL1960:


Most parents or most people do not really know that 'little drops of water make a mighty ocean'. I started doing the monthly debit when they were born. The first kid is now in JSS 3 boarding school and by the rules of the school, all JSS 3 and SSS 3 have to pay the three(3) terms fees and school bills once or maximum twice with January being the deadline to complete all payments. So i just did a 364-day tenor in August 2017 which was enough for me to settle everything once. The second kid entered JSS 1 boarding in September 2017. I also did TB with her own and settle all her fees. You are talking of beer, babes and clubs. What of the thousands being spent on aso-ebi every weekend?.

This is what I have been preaching to one of my colleagues. I advised him to open a stanbic mmf account. He is still foot dragging.

afroxyz:


This is what I have been preaching to one of my colleagues. I advised him to open a stanbic mmf account. He is still foot dragging.

Even if he does not want to open a stanbic mmf account, let him open a CHESS account with them and put a constant amount there every month as a direct debit on his account if he is in paid employment. That constant debit will help him to manage his expenses. When he knows that an automatic debit alert will hit at end of the month, instead of him drinking 6 bottles, he will now drink one or two.

NL1960:


If the rates nose drive to a level iam not comfortable with, i might just look at the Stanbic MMF. Since it is the same bank, doing a standing order might not be a problem.

A crash in Treasury Bills will later lead to a crash in money market fund within 270 days.

More than 60% of money market funds are invested in Treasury Bills and other government fixed income investments.

zamirikpo:


Talk about spending and saving at The same time. It's a win win . I Just pray the rates hold steady around 15% into tge new year.

I am not a prophet of doom, 15% is not possible this time next year.

Investors should now think of plans B, C, D if possible E.

emmanuelewumi:


A crash in Treasury Bills will later lead to a crash in money market fund within 270 days.

More than 60% of money market funds are invested in Treasury Bills and other government fixed income investments.

I know of that possibility but iam looking at it that the banks being of a deeper pocket will be able to invest more in other fixed income investments like OMO, company and government bonds.

NL1960:


I know of that possibility but iam looking at it that the banks being of a deeper pocket will be able to invest more in other fixed income investments like OMO, company and government bonds.

OMO and government bonds are gradually coming down.

A fall in Treasury Bills will give room to businesses to raise short term funds in form of commercial papers ,and mid term to long term borrowing through corporate bonds.

Treasury Bills crowded out borrowing to businesses.

NL1960:


Even if he does not want to open a stanbic mmf account, let him open a CHESS account with them and put a constant amount there every month as a direct debit on his account if he is in paid employment. That constant debit will help him to manage his expenses. When he knows that an automatic debit alert will hit at end of the month, instead of him drinking 6 bottles, he will now drink one or two.

Sir, please is there any interest on this CHESS?

emmanuelewumi:


OMO and government bonds are gradually coming down.

A fall in Treasury Bills will give room to businesses to raise short term funds in form of commercial papers ,and mid term to long term borrowing through corporate bonds.

Treasury Bills crowded out borrowing to businesses.

This is what i was actually trying to say when i said company bonds. It will be easier for the banks to invest the mmf money in these commercial papers and corporate bonds than an individual. That is my thinking. I might be wrong though.

Phyde:

Sir, please is there any interest on this CHESS?

Yes. I think it is 1% or 1.5% above savings interest rate. There are some few withdrawal conditions for interest forfeiture. You can check it out on StanbicIBTC website.

megacontrol:
Could have been a lot better in my personal opinion, considering the trend.

Sometimes you have to insist on those bank officers to keep checking what else is available before you settle. Normally they will just reel off a few TB rate/tenure to you among the lot available and request you to choose the one you want.

If you had this transaction yesterday, just so you know I did 14.95% for 51days yesterday with same FBank. The officer started by listing out some not-so-good numbers but i insisted on NEXT until the above was mentioned. I remember they mentioned this 91d @ 13% you got and i passed it.

Personally i will not go below 14.5% for sec market, and so far it has worked in the multiple TBs I've purchased this period. PERSONALLY.

jaychubi:
I got 13% on less than 91 days TB via first bank secondary market, is this acceptable on 500k

got 15% 45 days fbn

C4Ltd:




got 15% 45 days fbn

wow u r the man

jaychubi:


wow u r the man

as in eh idey insist on full list... my lucky day I guess