₦airaland Forum

Distribusiness:
Good evening Nairalanders,

My name is Oluwamuyiwa Olusanya, a car wash operator at Dugbe, Ibadan since May 4, 2025. I write an Investment4Business blog.

I want to share a real comparison I did for Fixed Deposit vs Mutual Funds Money Market Fund in 2026, because many people are confused.

I tested with ₦100,000 for 90 days:

A. FIXED DEPOSIT:
- Rate in September 2026: 10-13% for ₦100k (Access Bank 11%, First Bank 10.5%, Stanbic 12% if you have ₦1m+)
- Interest formula: Principal x Rate x Days / 365
- ₦100,000 x 11% x 90 / 365 = ₦2,712 gross
- Withholding Tax 10% = ₦271.2
- Net you receive = ₦2,440.8
- Lock: 90 days, if you break before, you lose interest.

B. MUTUAL FUNDS (Money Market Fund):
- Rate in September 2026: Stanbic IBTC Money Market 15.2%, Cowrywise Money Market 15%, PiggyVest Flex Dollar
- Interest: Compounding daily, not simple
- ₦100,000 x 15% x 90 / 365 = ₦3,698 (approximate, daily compounding adds small extra)
- No 10% WHT deducted upfront, fund pays after
- Liquidity: Withdraw within 24-48 hours, no penalty
- Risk: Not insured by NDIC like Fixed Deposit, but invested in Treasury Bills and Commercial Papers

My Result:
Mutual Funds paid ₦1,257 more than Fixed Deposit for the same ₦100k for 90 days.
When to choose which?
- Choose Fixed Deposit if you want NDIC insurance up to ₦500k and you will not touch money.
- Choose Mutual Funds if you want higher return and flexibility to withdraw for emergencies.

I am not selling anything. Just sharing what I learned saving ₦10k monthly with ₦334 daily from car wash.

What do you use? Fixed or Mutual Funds?

Thank you.

Royal30:
You used the wrong Fixed deposit... Do a deeper research.

Fixed deposit beat MMF, Treasury bill, Bond etc.

For example, Check Risevest naira vault fix deposit compounding features .

There are more...

herald9:
Mutual funds returns are better when you invest substantial sum. For instance, my Stanbic IBTC Mutual funds gives me at least a 100k monthly

herald9:
Mutual funds returns are better when you invest substantial sum. For instance, my Stanbic IBTC Mutual funds gives me at least a 100k monthly

Distribusiness:
Good evening Nairalanders,

My name is Oluwamuyiwa Olusanya, a car wash operator at Dugbe, Ibadan since May 4, 2025. I write an Investment4Business blog.

I want to share a real comparison I did for Fixed Deposit vs Mutual Funds Money Market Fund in 2026, because many people are confused.

I tested with ₦100,000 for 90 days:

A. FIXED DEPOSIT:
- Rate in September 2026: 10-13% for ₦100k (Access Bank 11%, First Bank 10.5%, Stanbic 12% if you have ₦1m+)
- Interest formula: Principal x Rate x Days / 365
- ₦100,000 x 11% x 90 / 365 = ₦2,712 gross
- Withholding Tax 10% = ₦271.2
- Net you receive = ₦2,440.8
- Lock: 90 days, if you break before, you lose interest.

B. MUTUAL FUNDS (Money Market Fund):
- Rate in September 2026: Stanbic IBTC Money Market 15.2%, Cowrywise Money Market 15%, PiggyVest Flex Dollar
- Interest: Compounding daily, not simple
- ₦100,000 x 15% x 90 / 365 = ₦3,698 (approximate, daily compounding adds small extra)
- No 10% WHT deducted upfront, fund pays after
- Liquidity: Withdraw within 24-48 hours, no penalty
- Risk: Not insured by NDIC like Fixed Deposit, but invested in Treasury Bills and Commercial Papers

My Result:
Mutual Funds paid ₦1,257 more than Fixed Deposit for the same ₦100k for 90 days.
When to choose which?
- Choose Fixed Deposit if you want NDIC insurance up to ₦500k and you will not touch money.
- Choose Mutual Funds if you want higher return and flexibility to withdraw for emergencies.

I am not selling anything. Just sharing what I learned saving ₦10k monthly with ₦334 daily from car wash.

What do you use? Fixed or Mutual Funds?

Thank you.

herald9:
Mutual funds returns are better when you invest substantial sum. For instance, my Stanbic IBTC Mutual funds gives me at least a 100k monthly

Naturalgbola:
With how much capital? Hun

tspun:
Fixed deposit is better but with that little amount is better u used any.of the finteck app that offers 18%pa

herald9:
Mutual funds returns are better when you invest substantial sum. For instance, my Stanbic IBTC Mutual funds gives me at least a 100k monthly

Sphinx419:
For how much capital boss ?

So you dey tell me to lock my 7.5m for 9ja bank and in return I get 100k every long 30dayss oo not even 2wks. Man abeg go collect your money.. start baron business and get that 7.5m in a week. That kind investment na nonsense 100k every 30days. I frown to such

Parachoko:
Anybody that wants to fix or invest in Mutual funds should start from at least #15m to get back good returns

ogolemati:
which one is baron business

oneMalik:
Baron business na .

Yes , Baron business !

anytexy:
A beg is it the Banks that run the mutual deposit too?

herald9:
Mutual funds returns are better when you invest substantial sum. For instance, my Stanbic IBTC Mutual funds gives me at least a 100k monthly

Sphinx419:
For how much capital boss ?

So you dey tell me to lock my 7.5m for 9ja bank and in return I get 100k every long 30dayss oo not even 2wks. Man abeg go collect your money.. start baron business and get that 7.5m in a week. That kind investment na nonsense 100k every 30days. I frown to such

oneMalik:
That's still laziness too !

how I go lock 15meter somewhere ?

to get how much exactly ?

Nigerians na wah o !

Distribusiness:
Good evening Nairalanders,

My name is Oluwamuyiwa Olusanya, a car wash operator at Dugbe, Ibadan since May 4, 2025. I write an Investment4Business blog.

I want to share a real comparison I did for Fixed Deposit vs Mutual Funds Money Market Fund in 2026, because many people are confused.

I tested with ₦100,000 for 90 days:

A. FIXED DEPOSIT:
- Rate in September 2026: 10-13% for ₦100k (Access Bank 11%, First Bank 10.5%, Stanbic 12% if you have ₦1m+)
- Interest formula: Principal x Rate x Days / 365
- ₦100,000 x 11% x 90 / 365 = ₦2,712 gross
- Withholding Tax 10% = ₦271.2
- Net you receive = ₦2,440.8
- Lock: 90 days, if you break before, you lose interest.

B. MUTUAL FUNDS (Money Market Fund):
- Rate in September 2026: Stanbic IBTC Money Market 15.2%, Cowrywise Money Market 15%, PiggyVest Flex Dollar
- Interest: Compounding daily, not simple
- ₦100,000 x 15% x 90 / 365 = ₦3,698 (approximate, daily compounding adds small extra)
- No 10% WHT deducted upfront, fund pays after
- Liquidity: Withdraw within 24-48 hours, no penalty
- Risk: Not insured by NDIC like Fixed Deposit, but invested in Treasury Bills and Commercial Papers

My Result:
Mutual Funds paid ₦1,257 more than Fixed Deposit for the same ₦100k for 90 days.
When to choose which?
- Choose Fixed Deposit if you want NDIC insurance up to ₦500k and you will not touch money.
- Choose Mutual Funds if you want higher return and flexibility to withdraw for emergencies.

I am not selling anything. Just sharing what I learned saving ₦10k monthly with ₦334 daily from car wash.

What do you use? Fixed or Mutual Funds?

Thank you.