₦airaland Forum

Good morning all,please one ofmy guy want to fixed 40m in nigeria bank in orda to gain some cash. He is asking me how he go about it.im sujestn uba 4 him but i dnt no the interest he may get 4rm the principal amout yearly.please bankers in this forum should air in pls. Advice my guy pls ! thanks.

Kenpaly:
Good morning all,please one ofmy guy want to fixed 40m in nigeria bank in orda to gain some cash. He is asking me how he go about it.im sujestn uba 4 him but i dnt no the interest he may get 4rm the principal amout yearly.please bankers in this forum should air in pls. Advice my guy pls ! thanks.

You can't get more than 5 to 10 perfect.
It is best you use piggyvest

fixed deposit interest is very low now oooo
Most banks wont give more than 2-4% per annum for 30-90days tenure....

If you are doing more like 365days on 40 million.. you might get a better rate like 7%..usually u can negotiate and they will gladly give you the highest rate possible for that amount..

They will charge witholding tax ooo...i think 10% on the interest....if you terminate prematurely they may charge 0.5% of the interest generated...