₦airaland Forum

Ensol:
I currently invested with them from January 4th and the returns been consistently been above 17.5%

Ensol:
Yeah, 76k return till date on their MMF, don’t know if others would have yielded 100k on 5m

emmasoft:
While setting up, you will have opportunity to write your narration and more so it's a personal account.
You can also inform your account officer immediately the transaction is successful on any day you chose for the auto debit on your account.

For investment one, try to be checking your mail from monday next week to get update from them.
Check both inbox and junk.


Reach out to me if you need further guidance

Iamblessed88:
Well good point lol. Come 23rd after the MPR is slashed at the MPC, we will have uniform low rates across the board.

Ensol:
Yeah, 76k return till date on their MMF, don’t know if others would have yielded 100k on 5m

jfub:
Please does norrenberger compound monthly?

Ensol:
I currently invested with them from January 4th and the returns been consistently been above 17.5%

EduC:
Please does GT MMF compound monthly?

What account do you pay into if you want to top up?

Thanks

Creditalerts:
Yes you can withdraw your fund anytime no lock period but interest rate are paid quarterly for now since the beginning of this quarter trustbanc is doing well I noticed them 4th quarter of 2025


Cowrywise is very good you can monitor your daily accrued interest and the app is seamless 🙂 but trustbanc app is also nice but I prefer Cowrywise so u can ask for my referral code 😉

emmasoft:
At Norrenberger, interest is earned daily but compounded quarterly. This is the norm in the industry; only Stanbic compounds at the end of the month.

Remember to use the second link in my signature to register and come on board.

jfub:
Thanks for the info; I am with stanbic already and will just stay with them.

lovewins:
Appreciate the feedback.

On referral code, I already have an account so may already be too late to do that.

Thanks all the same.

lovewins:
New to the thread, but curious as to why there's little mention of Risevest Naira Vault. Used to be 25% but currently offers 22%. Is there a reason why it isn't very popular here?

Beeron:
One thing for sure, you will soon get poached by referral code hunters to help you invest via their direct link which is legit but let me give you some tips first.


Mutual funds is like you saving your money and earning interest daily both on weekends and holidays. It's safe and whichever Asset management firm that get pitched to you here is legit.

Secondly, mutual funds enable compounding meaning, your 10Million will compound a whole lot but then again, that's you really preserving and growing wealth while you sleep with both eyes close.

Now this is me suggesting not invest all 10 million into mutual funds, maybe 7 Million and invest 3 million into fixed income fund especially that of CardinalStone fixed income fund alpha.

You will be glad you did after MMF rates dips later in the year.

However, if you decide you want to go all in into mutual funds with the 10 million, split it in 2 and invest 5M in Cowrywise Trustbanc mutual funds and the other 5M into Stanbic

Why?

Stanbic compound monthly but MMF via cowrywise enable moving fund around within the app to buy the MMF with the highest rate in the event that rate change by different MMF providers on the cowrywise app.


Trust me, I can bet you, if you let yourself to be talked into investing all your money into one asset management, you will come back here later to ask question like: "Guys, how can I sign up with Cowrywise?"



I also have YouTube channel that can further open your eyes to other types of safe investment, Disregard stocks in the channel, you still a newbie.


https:///www.youtube.com/playlist?list=PLelyzjGuxrbj-ORzfwOEveV2vK0j1e3fw

oiganji09:
I wanted asking you inside CardinalStone fixed income fund alpha and piggy fixed investment which is better. What the later rate and how long? Thanks

oiganji09:
I wanted asking you inside CardinalStone fixed income fund alpha and piggy fixed investment which is better. What the later rate and how long? Thanks

Iamblessed88:
Go with stanbic IBTC for capital preservation and monthly compounding.

Beeron:
while you are new seeking knowledge about MMF, I see you are being courted so to be registered with mentors referral code.

My advice to you is, after registration to (supposedly Stanbic or Norrenberger), do not stick with that one MMF, split your money to different MMF paying higher yield.

My advice is 60% of your fund in Stanbic and 40% sent to cowrywise app to invest in Trustbanc MMF.

If Trustbanc stops being the highest in cowrywise, you can easily switch to the new highest paying mmf right in the cowrywise app.

alterego17:
Bro do u have foreign app porfolios like cowrise using MMf for stocks like USA apple shares Facebook shares amazon shares?

alterego17:
Bro do u have foreign app porfolios like cowrise using MMf for stocks like USA apple shares Facebook shares amazon shares?

Preator:
Use standard chartered bank for foreign mutual funds

Note: foreign mutual funds do not guarantee protection of capital like naira mmfs

Promptlyn:
Please what's the interest rate for stanbic IBTC?

Creditalerts:


As of late January 2025, the Nigerian Securities and Exchange Commission (SEC) has not approved Risevest (Risevest Technologies Limited or Risevest Cooperative Multipurpose Society Limited) to operate in the Nigerian capital market.
SEC Warning (Jan 2025): The SEC issued a notice identifying Risevest as an unregistered entity and advised the public to refrain from engaging with it due to high fraud risks.
Risevest's Position: Risevest claims its Cooperative Society is registered under Lagos State laws and its Nigerian operations are supported by licensed partners like Meristem Trustees Limited and Chaka Technologies Limited.
Safety of Funds: The SEC has classified Risevest as an illegal operator, despite Risevest's assertions of compliance and safety.

As far as I'm concerned any non sec approved is a ponzi scheme

morofolu:
Risevest and their dollar and naira offerings, including the referenced Naira vault have been around for a while now. I have been using Risevest for some years now and they've been very consistent and prompt with payment and dealings.
Yes, there were issues with SEC earlier and SEC issued the warning as stated above. This was because Risevest forayed into naira offerings (from the wholly dollar investments they started with). However, Risevest acquired Chaka Technologies which is SEC approved back in 2023 and their Naira vault is currently powered and operated by Chaka.
Going further, Risevest has now obtained SEC approval for her operations. This was announced last week and an official communication will be made soon.

Creditalerts:
TODAY'S RATE


STANBIC 15.36%🙂

TRUSTBANC 19.51%🤑

Dungren:
It is ok to promote Trustbanc because of the 19% rate but not by trying to make Stanbic look like trash. They are not on the same level.

Trustbanc's MMF is that high because they are looking for more customers while Stanbic is at the top of the "food chain" with NAV of 2.4T. That is almost 50% of the entire money market.