Godbpraised:
That's not true I just booked 11.5% for 182 days GTB.

pocohantas:


Tbills isn't "transaction" to a bank. It is an outsourced transaction, so it is a useless transaction.

If a branch isn't making profit or trying to cut cost, they won't even be interested in your FD, because it would eat deep into their books.

That said, I wasn't talking on individual base, but at a branch level. Banking is financial intermediation. If I collect 100m from someone that has too much, I can give an OD to someone that doesn't have. I collect my fees upfront, transaction is done. I am not interested in pay-in today, transfer tomorrow customers. They are important, but they are not my target in this discourse.

Is Deposit important? Yes.
Does a branch thrive on just deposits? No
That is my point.

pocohantas:

Tbills isn't "transaction" to a bank. It is an outsourced transaction, so it is a useless transaction.

But it generates a fee even if its N100 and maybe Account mtce fee. Its not big money but it contributes

Banking is financial intermediation. If I collect 100m from someone that has too much, I can give an OD to someone that doesn't have.

This here reiterates Bozz007's position. Not that yours is incorrect, anyway. Its just a matter of perception. His focused on source, yours focused on application.

I collect my fees upfront, transaction is done. I am not interested in pay-in today, transfer tomorrow customers. They are important, but they are not my target in this discourse.

Is Deposit important? Yes.
Does a branch thrive on just deposits? No. They thrive off what they utilise the deposits for.
That is my point.

tritritri:
House please why is STANBIC rate VERY LOW compare other banks in nig on T.B ?

olujaidi:


Out of curiousity though, is it that fees on transactions initiated at a branch don't count as branch revenue but as head office revenue? or its too small when compared with the branch's interest income?

olujaidi:


Which is better? and what rates did you get?

tritritri:


10% per annum ?

tritritri:


10% per annum ?

Nnamz:
ĢTb lost all bindings

ify2016:

What do you mean by GTB lost all bindings?

Nnamz:

They emailed me

Nnamz:
ĢTb lost all bindings

ify2016:

What do you mean by GTB lost all bindings?

ify2016:

Gurus in the House,over to you guys.
Your helps are needed here!

Nnamz:

You need gurus in the house to hack my phone to confirm if indeed I'd get an email?

Chikebrain:

Are you sure. Was debited this evening

Nnamz:

Sir were you debited with GTB?

Odionastron:
Hello fellow Nigerians,

I am new on this forum. Please I need advice from you all.

What is the best strategy to maximize returns on Treasury bills over a period of time?

Thanks for your helpful answers.

cy4cent:


I agree with you perfectly about the staffs at First bank's intentions of hindering him from investing.
My account's officer told me TBills is not a good investment, that fixed deposit is better. I couldn't believe the mail she sent me when I asked her opinion, I had to chat her up on what's app, she repeated the same thing.

I'm on this thread reading these messages to confirm if I'm being paranoid about her intentions, unfortunately I can't go to the bank myself to confirm.

pocohantas:


But tbh, deposit is nothing in the long run. It helps, but it doesn't really impact on the bank's revenue.

What banks love is risk assets or transactions that bring quick money. Like dorm transfers and all. What is deposit? Deposit is just to avoid pool borrowing and probably trade. It doesn't pay salary...

aremso:



i disagreed with the bolded, check the financials of the banks especially the FUGAZ, about 30-40% of their revenue were from TB and where do they get money for investment in TB if not deposits?