₦airaland Forum

enque:
Lol
Month end recon shenanigans are normal with stanbic.
I also got credited double my interest, but they'll rectify and balance all accounts by tomorrow.

talk2tonie:
I use United Capital and they only credit interest quarterly. Does stanbic credit interest monthly?

talk2tonie:
I use United Capital and they only credit interest quarterly. Does stanbic credit interest monthly?

Chrisfaco:
Please i am new to MMF., can someone explain to me. I Invested 4,010,000 naira in Stanbic Money market fund on the 4th of Nov. I was getting an interest of about 1880 naira daily only for me to check the app now and realised that I was credit additional 49,000 as interest for the month. Is the 49,000 naira an error since I was getting interest daily already. I now have a total sum of 4,109,000 in my balance.

Coolis:
There's nothing like 7 wonders with interest accumulating monthly to become part of capital. You guys on Stanbic platform like hyping the bank a lot. ARM via Palmpay is doing exactly the same thing every day Sunday inclusive, we are not making noise about it.
Look closely at the attached, when my interest of 486.12 comes in tomorrow, the 971.84 will rise to 1k which will be added to my capital automatically. Make una the allow us hear word with Stanbic small










quote author=jp130 post=137645069]Yes boss, and in addition, Stanbic compound monthly too. That is, interest of Nov forms part of capital for the month of December. It becomes the 7th wonder of the world if you contribute monthly for yrs.

jp130:
Lol, u funny no be small. We are basically saying the same thing through different platforms. Nobody is talking about hype.

Please keep an open mind

jp130:
Yes boss, and in addition, Stanbic compound monthly too. That is, interest of Nov forms part of capital for the month of December. It becomes the 7th wonder of the world if you contribute monthly for yrs.

enque:
Yes they do

Coolis:
There's nothing like 7 wonders with interest accumulating monthly to become part of capital. You guys on Stanbic platform like hyping the bank a lot. ARM via Palmpay is doing exactly the same thing every day Sunday inclusive, we are not making noise about it.
Look closely at the attached, when my interest of 486.12 comes in tomorrow, the 971.84 will rise to 1k which will be added to my capital automatically. Make una the allow us hear word with Stanbic small










quote author=jp130 post=137645069]Yes boss, and in addition, Stanbic compound monthly too. That is, interest of Nov forms part of capital for the month of December. It becomes the 7th wonder of the world if you contribute monthly for yrs.

emmasoft:
You can check the Fund Managers Association of Nigeria website. https://fman.com.ng/pricelist/
They show price lists and yields of different mutual funds of various fund managers, though some managers may not update their data; hence, the FMAN website only has what the fund managers give to them. Just like the NGX will publish the results of companies available to them.

Coolis:
Honestly, you guys in team Stanbic have a way of making other companies team players feel your team is the best while others are inferior to your company. Go through some of today's comments, you will see one of you talking of Stanbic having capital base of over 2 trillion which According to him/her is more than capital base of more than 3 other companies in the market, is that not hyping of your bank/company? Then you too said that capital appreciation via interest is the 7 wonders of the world.
Like l said, you guys in team Stanbic, should allow us in other teams breath small, una like to intimidate us a lot lol.








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Creditalerts:
No interest paid today on stanbic mmf and myinvestar mmf pls who know the reason thanks

adedayo77:
Today's interest (01/12/2025) will be updated tomorrow. Yesterday was the last day of November. You shall see the interest for everything by Tomorrow and also today's interest rate shall be updated as well.

EmmanuelScott1:
Please house, when does Stanbic IBTC pay out money withdrawn from a mutual fund account? I applied for a withdrawal last week, and I haven’t received it till now.

EmmanuelScott1:
Please make unah epp person pikin, is it that don't know how to do the redemption or wetin. I haven't receive anything till now, more than a week now.

Please 🥺 How do guys do online redemption on your MMF account?

And I don't know why they're showing me a maximum amount redemption is 1million where as I read 5million in stanbic website. Am I required to increase my maximum withdrawal limit?.

toby4ever:
Hi, please I have a dollar mutual fund acc with FBNquest I went to deposit cash to the acc they use which a Stanbic ibtc fund acc with standard chartered only to be told that cash deposits aren’t allowed only transfers. Transfer charges are not funny reason I usually do cash deposits. What can I do? Please advice

playces:
Please I just logged into my blunest URL now and I discovered the inflow in my naira wallet is short of the money I have topped up for MMF. One of my top up of 20k is not reflecting. Because I top up 20k every weekend

@emmasoft and others pls how do I resolve this.

Do you have a contact I can reach to correct this??

emmasoft:
There's nothing you can do; either you do the transfer or look for an alternative fund manager that allows cash deposits.

Honestly, the limitation of having only the transfer method for funding is what makes me opt for the Norrenberger Dollar Fund for my clients. Norrenberger accepts cash deposits.

If you would like to proceed with the Norrenberger Dollar Fund, please click the second link in my signature or contact me directly for a guide.

emmasoft:
There's nothing you can do; either you do the transfer or look for an alternative fund manager that allows cash deposits.

Honestly, the limitation of having only the transfer method for funding is what makes me opt for the Norrenberger Dollar Fund for my clients. Norrenberger accepts cash deposits.

If you would like to proceed with the Norrenberger Dollar Fund, please click the second link in my signature or contact me directly for a guide.

toby4ever:
So I will pay cash at the bank? What their interest rate? How long have they been in existence?

sirrotex:
Please how are the rates of this Norrenberger dollar fund?

Ofejiro20:
Good evening chiefs. Please these are conservative mutual funds on cowrywise and that trustbanc money market fund seems to have the highest rates. I'd appreciate your input if it is safe to invest with them through the cowrywise platform?

emmasoft:
Interest has always been above 9% it's currently 9.46%