₦airaland Forum

Stanbic IBTC MMF is now showing zero for all investors. Check your own.

Bluearrow:
Minimum deposit of 5m is required

Alright; thank you

Demdem:
Nooooo, I receive my monthly interest gained. It's the MMF. I have my monthly records right in front of me here.
Has the rules changed that I am not aware of

No

I be dey think u r talking about interest payment to your account

Polchiz:
Stanbic IBTC MMF is now showing zero for all investors. Check your own.

BluNest

Bluearrow:
Minimum deposit of 5m is required

FAAM HYIS premium?

alexokeke325:
Yes, Stanbic want to give us hbp... All my funds are not there

BluNest regularly malfunctions, especially on payment day. It is such a disappointment for a big entity as Stanbic.

I was thinking most of us here are no longer using Stanbic IBTC. I was wrong. I no fit leave dem shaa despite their low rate.

I use first ally premium HYIS now, it’s 17.5 percent. The mmf is higher though, hovering around 17.5 - 17.9 .
I recommend, their service is good, instant transactions mostly

Most of us are still with Stanbic mmf, just that our bulk fund is no longer with them....

You get the point now..

Babygal2020:
I was thinking most of us here are no longer using Stanbic IBTC. I was wrong. I no fit leave dem shaa despite their low rate.

UncleJudax:
FAAM HYIS premium?

Yes

Mixology:
I use first ally premium HYIS now, it’s 17.5 percent. The mmf is higher though, hovering around 17.5 - 17.9 .
I recommend, their service is good, instant transactions mostly

How frequently do they compound the capital and interests? Monthly or quarterly?

Free2Fly:
How frequently do they compound the capital and interests? Monthly or quarterly?

HYIS is monthly, but mmf is quarterly. I chose HYIS because I top up monthly for maximum returns

Mixology:
HYIS is monthly, but mmf is quarterly. I chose HYIS because I top up monthly for maximum returns

Ok, thank you.

ridge:
Its more than 2 weeks I initiated a mutual funds redemption request from gtfundmanagers, I have sent several mails to my account manager, no response from them. who has experience reporting to sec, pls help. e come dey look like say na scam.
Avoid GTfund managers for your peace of mind.

.

I funded my mmf with GT fund managers and my account was updated after 9 days of continuous email. I abandoned the account two years ago. I discovered that they operate via app and I decided to give them a second try.

Am done with them. Gtmmf

Demdem:
Nooooo, I receive my monthly interest gained. It's the MMF. I have my monthly records right in front of me here.
Has the rules changed that I am not aware of

Good morning,
Please I'm new here and I need your advice on how MMF works. If I have 5 million to invest, how much will I receive as a monthly interest ?

Missfidel:
Good morning,
Please I'm new here and I need your advice on how MMF works. If I have 5 million to invest, how much will I receive as a monthly interest ?

Newbies to MMF often think how much to earn as monthly interest is the first step when starting MMF. How about you familiarise yourself with the fund managers, ask about their onboarding and ease of use etc. While rate of return is important, what's the point of a high rate when you have to send countless mails, copy SEC, CBN(who has no business here sef) and almost copy the presidency just to withdraw your funds

Missfidel:
Good morning,
Please I'm new here and I need your advice on how MMF works. If I have 5 million to invest, how much will I receive as a monthly interest ?

Almost 3k daily depending on the fund manager tho. But you failed to ask the most important question tho which is which fund manager Is good, has good customer services etc.

uwaifou:
.

I funded my mmf with GT fund managers and my account was updated after 9 days of continuous email. I abandoned the account two years ago. I discovered that they operate via app and I decided to give them a second try.

Am done with them. Gtmmf

I use GT fund managers.

Created an account and synced with Gtworld.

So far, no major issues.

Hello everyone. Pls for those who have had a good experience about mutual funds, kindly share your thoughts on investing with ARMOne. Is it a good option pls?

NJV:
Hello everyone. Pls for those who have had a good experience about mutual funds, kindly share your thoughts on investing with ARMOne. Is it a good option pls?

They are big (currently managing about 410 billion naira assets under their mmf). Their mmf rate has remained consistently above 17%. Deposit is instant. I withdrew only once and I got credited within an hour.
They automatically send your interest to your account at the end of every quarter, so if you want to reinvest your profit, you'll have to send it back to your account every quarter. Deposit attracts 100 naira charge. Capital remains there unless redeemed.
I once sent them an email on a Sunday and they replied on that same day(Sunday) and fixed the issue, so I'm thinking their customer service can be rated high.
They've been in asset management since 1994.
They need to improve the user interface of their App, especially for stocks trading, but the App works fine.

emmaBS:
They are big (currently managing about 410 billion naira assets under their mmf). Their mmf rate has remained consistently above 17%. Deposit is instant. I withdrew only once and I got credited within an hour.
They automatically send your interest to your account at the end of every quarter, so if you want to reinvest your profit, you'll have to send it back to your account every quarter. Deposit attracts 100 naira charge. Capital remains there unless redeemed.
I once sent them an email on a Sunday and they replied on that same day(Sunday) and fixed the issue, so I'm thinking their customer service can be rated high.
They've been in asset management since 1994.
They need to improve the user interface of their App, especially for stocks trading, but the App works fine.

Thank you for your response 🙏

NJV:
Thank you for your response 🙏

You’re very welcome! 😊

Bluearrow:
Yes

Ok.

emmaBS:
They are big (currently managing about 410 billion naira assets under their mmf). Their mmf rate has remained consistently above 17%. Deposit is instant. I withdrew only once and I got credited within an hour.
They automatically send your interest to your account at the end of every quarter, so if you want to reinvest your profit, you'll have to send it back to your account every quarter. Deposit attracts 100 naira charge. Capital remains there unless redeemed.
I once sent them an email on a Sunday and they replied on that same day(Sunday) and fixed the issue, so I'm thinking their customer service can be rated high.
They've been in asset management since 1994.
They need to improve the user interface of their App, especially for stocks trading, but the App works fine.

Nice submission.

ARM's MMF rate has been lower than 17% for a while though; 16.74% today 🫠

I think the interest is reinvested if you select that option when you initiate the MMF.

My only observation now is that I subscribed to the Halal balanced fund and upon processing I'm seeing that my principal amount has reduced by about 3%!

NJV:
My only observation now is that I subscribed to the Halal balanced fund and upon processing I'm seeing that my principal amount has reduced by about 3%!

Simply put, rate from time of processing and now not same, it dropped and so doers your principal . When it rises, so does your Principal

You're welcome

ridge:
Its more than 2 weeks I initiated a mutual funds redemption request from gtfundmanagers, I have sent several mails to my account manager, no response from them. who has experience reporting to sec, pls help. e come dey look like say na scam.
Avoid GTfund managers for your peace of mind.

I have redeemed from my Gt MMF with alert less than 30 minutes... same with that of equity!

But that was 2nd of July last month.

NJV:
My only observation now is that I subscribed to the Halal balanced fund and upon processing I'm seeing that my principal amount has reduced by about 3%!

Did you select the give away option while registering?

Iamblessed8888:
Did you select the give away option while registering?

I didn't see any option like that

A Reminder of a Post

Hello Investors

Just to remind us of this post: 12 Things to remember in 2026.

August – Remember you can start investing with what you have
You don’t need to wait for “enough money.” Consistency matters more than size.

Don't wait to start big; start where you are and with what you have.

Making Money Without Tears Remains the Goal!

STL ASSETS MANAGEMENT ..there money market fund is currently 19.01%

akindelelawrenc:
STL ASSETS MANAGEMENT ..there money market fund is currently 19.01%

First Ally MMF is 18.26% today

I may have to reduce my equity in Stanbic MMF (15.30%) soon