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Now That Interest On Fix Deposit Is Very Low - Business - Nairaland

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Now That Interest On Fix Deposit Is Very Low by propsad3: 8:02pm On Jun 01, 2023
In a bid to find out how much Banks are paying on fix deposit for a period of one Year. I entered into one of the new generation Banks to make enquiry and to my suprise a fixed deposit of the sum of 500,000 for a period of one year cannot bring up to 50,000 return on investment in one year.

This is against 150,000 PWAN Group will pay people for their One year investment.
Re: Now That Interest On Fix Deposit Is Very Low by Larry1960: 8:54pm On Jun 01, 2023
propsad3:
In a bid to find out how much Banks are paying on fix deposit for a period of one Year. I entered into one of the new generation Banks to make enquiry and to my suprise a fixed deposit of the sum of 500,000 for a period of one year cannot bring up to 50,000 return on investment in one year.

This is against 150,000 PWAN Group will pay people for their One year investment.


What was their rate per annum
Re: Now That Interest On Fix Deposit Is Very Low by propsad3: 5:53pm On Aug 19, 2023
Larry1960:



What was their rate per annum
30%

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