₦airaland Forum

Caracta:
Lmao. Let me know the tenor. Told you that's important as well. What's the point of giving you a rate guide that could be different from what is obtainable at your bank?

@octavo, thanks. Just weigh your options and be sure your bank is giving you a good rate. Then compare the two. Do the calculations yourself. Some 91 days treasury bills could be better than 30 days fixed deposits and vice versa. It all depends on the rate. It's your money. Weigh your options and don't rush.

OCTAVO:
I think I've learnt a lot from Caracta. I prefer a 30 day tenor FD to a 91 day tenor TB.

Caracta:
Rate guide gives you the window rate. You just can't give a customer above those rates. Also, these rates depend on the principal and most importantly, the tenor (30, 60, 90, 180 or 365 days). The rates for banks vary. Sterling bank could be different from Fidelity, GTB, Zenith or Firstbank.

Caracta:
The banks have a rate guide (annually in some cases). So irrespective of the variations in bonds, tbills and the rest, the rates may not change. That's why even when treasury rates drop due to economic forces, the effect on fixed deposits could be zero or near zero.

I agree with your last line. For long term, do treasury bills. If you don't have faith in your bank, do treasury bills. If you are very rich, do treasury bills or bonds.

If you are confused, split your funds into equal halves. One for treasury bills, one for fixed deposits, same tenor (say 91 days). I always recommend this.

Caracta:
For loooooong term, you can go the treasury bills way. But then, it's better the roll over option is used and not just plunge into long term. That way, you can enjoy interest rates increment (if any). Long term is 364 days, right? Just a year.

Caracta:
I can tie large deposits in 30 days and get my 10% rather than treasury bills for 91 days and end up with 9%. By the way, how many banks go bust in 30 days? By projection, some banks having going concern. They have the liver to remain for a long time e.g First Bank

Caracta:
Thank you. You can even get 11% in fixed deposits depending on your bargaining power. It's more flexible. The only disadvantage I see is the tax on your interest.

MEILYN:
Lmao... Baba, this girl no be chop and clean mouth ooo. She is here to stay bro. I go dey chop but she go still dey. Lol

Setaje:
Hmmmn I really haven't seen any successful marriage, even the ones that decide to stay. They are just enduring because of the shame and out of all my friends, I can only boast of one who is happy in her marriage, the rest are just stories that touch. Add all this stories to the ones we read on blogs and all other social media. Jaybee3, something must be terribly wrong o. Isn't anybody happy in their marriage again or happy couples are afraid to come out. Chaiiiiiii

Setaje:
Am just so scared of getting married God. What is this. My heart can't take all this o. God

okosodo:
Old man, shut up and work

Acidosis:
Thanks for the explanations

Can one walk into any bank to purchase treasury bills? If No, which options are available and who exactly should one meet?


Thanks sir.

Acidosis:
Wow, thanks sir!

Could you please give us 'mathematical' instances?

Assuming one buys treasury bills @#500,000, what should one expect over a period of 182 days? 365days?

What happens when high inflation sets in and the economy is growing faster than planned for..? CBN sells treasury securities, right? Is there any impact on those who earlier purchased bills prior to high inflation?


I understand interest rate varies in the money deposit banks and a limit exists as to what a customer can fix over a period (#500,000 right?)

Ben1975:
Interesting

What is the current average interest rate for treasure bills at present? Can I obtain any in bouble digits?

Ben

Caracta:
Lol. Fixed deposits should be rolled over ONLY at the instruction of the customer. That's the normal thing to do. I can sue any investment house (or bank) that rolls over my investment without my instruction.

But then, who am I to argue with my uncle jaybee? Your experience pass my own. I'm a learner.

Caracta:
You need to instruct in the case of fixed deposits too. I've not seen a declined treasury bills roll-over request. Interest rates may differ, I agree.

Caracta:
I beg to differ. Treasury bills can be rolled over with ease.

standd:
Some of the men reading this are guilty of the things I have mentioned and they know it. As for those who don't have access to this, it will take time, but they will all be reached.

standd:
I will drive home the point again:::


NIGERIAN MEN ARE HYPOCRITES

Thank you

sunshine1974:
Is dat word TRADE?

Jennifer89:
Fire her jor!!!! which kin fasting is she doing that will prevent her from working? so if she's working in a company as a secretary she will tell her boos that she can't type coz she's fasting? hmmm

Jenams:
Wat rubbish! Na so dem take dey blow up everywhere wit their religion wahala! Fire her assss

ceejay80s:
I support this comment above , Jesus fasted for 40days and he still do his work of healing and preaching the gospel.
"