₦airaland Forum

ogolemati:
which one is baron business

Slimplush:
no problem sir.

dauntless15:
Why would i wait that long for such chicken change, they're making more profit holding your money for 90days then give you the crumbs, i rather trade futures with it.

iamonpointa:
For those asking how much the man who is getting 100k on his fixed deposit invested, it must be around N9m (if it's at the typical 15% interest). It's pretty simple to calculate. He gets 15% of his investment every year, and 10% of that will be deducted as tax.

For example, on 10m fixed for a year at 15%, the total interest will be 1.5m. 10% will be deducted as tax on the 1.5m, so 1.350m. Divide 1.350m by 12 (months) to get the monthly return.


I have a friend who fixed 100m, and he gets 1.120m monthly on his investment. It's not a lot of money (at least for someone who has a spare 100m to invest), but it will surely cover a lot of bills. This country has systematically impoverished all of us.

For those who think he should be doing business with the money, he already has a business that is doing well—that was how he made the money in the first place.
Besides, the business environment in this country is volatile. If you come across some big money, it will be better for you to put it into fixed deposit than go into a business that you aren't 100% familiar with. You will lose the money, your energy, and your sanity.

My friend gets 13.5m (net) on his investment every year, without having to do anything. If he used that money to build a house, there's nowhere in this country where he will get 13.5m (net) as annual rent—on a house of 100m. That is not including the stress, time, and energy that will go into building/acquiring the house, getting tenants and getting them to pay promptly, and maintaining the property (which might take a lot of the money).
The common counter is that the house will appreciate in value. It won't, it will depreciate. ONLY the land will appreciate. And if I truly believe that a land will appreciate, I would rather buy the land (say for about 30% of the capital) and find a way to secure it (because owning a land can sometimes be a headache), then invest the 70% in fixed deposit.
NB: fixed deposit is nowhere near the best investment you can do, but until you find a low-risk investment you are certain will make you better returns, you will be better off with fixed deposit.

NB: even though the example I gave up there is about owning a rentable property, I believe a lot of other investments in this country are worse.

If you're stuck in Nigeria, you can't afford to be financially illiterate.
Always seek out information on how to best handle your money—no matter how small the amount is. Otherwise, you'll be running on a financial treadmill.

olarent:
good write up sir,I spent close to #20m on room and parlor self contain in itori ewekoro ogun state,I only got 900k as rent annually.

Againstthewall:
Carefully look at his moniker, there lies the answer to your question

herald9:
What do you mean, man? Do you know how long this moniker has been on Nairaland? I'm not even selling anything. I only responded based on what I do. What's your problem, really?

Go through the thread and you'll see my response to how.

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...

Againstthewall:
Don't get me wrong, I'm not accusing you of anything. You quoted someone and asked a question, I was only trying to help you get the answer. That guy talked about baron business, and he was asked by many by many people but he couldn't answer even one person

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

Sensiblerealist:
I swear. I sure say somebody ho work am out if this comment was on first page. As quacks and oversabi with nothing full here, naso experts dey although dem noor many

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

herald9:
My initial capital was 8m. The effective yield too has increased as per their email. Thing is, just put money you'll likely leave in your savings or rent and forget about it.

oloshun:
Although 100 might small but if you put the money in REI in the US. Now that inflation is here, you buy cheap stocks and the economy is going to be booming

Hungrychicken:
True, you can work it out if you know the interest rate and tenure or ask AI

Gboss247:
At your age, you should know the difference between working for money and putting money to work

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.

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

Juliearth:
Interest rates aside, mutual fund is the best investment platform, in my opinion. The catch however, is that you have to invest a substantial amount of money to enjoy its benefits. For instance, with a savings of about 10 million naira, you are assured of a monthly returns of 150-170k (sometimes even more). Smart people build up their investments to a substantial level and live off the monthly returns. Personally, my monthly income all goes to my mutual account and I live by the returns. It literally feels like eating your cake and having it.


Need I also add that for treasury bills, the government takes a certain percentage of your total investment unlike mutual funds (not totally sure though). As of today, stanbic is the best platform to invest in.

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...

TheStoriesOfMan:
Tinubu's former work before he became president na.

Juliearth:
Fixed Deposit is only better for people who lack financial discipline.

Sensiblerealist:
Omo ehnn, in this life just have money first. The minimum for 1 year deposit na 1.7 billion or so. And that interest was just to pay some contractors working on his personal reside. E.g payment for elevator, personal transformer, imported Italian, Turkish and Arabian lightings and fittings. Part payment for rooftop swimming pool lights etc
1b will give you 200m less 10% wh tax.

Sensiblerealist:
Omo ehnn, in this life just have money first. The minimum for 1 year deposit na 1.7 billion or so. And that interest was just to pay some contractors working on his personal reside. E.g payment for elevator, personal transformer, imported Italian, Turkish and Arabian lightings and fittings. Part payment for rooftop swimming pool lights etc

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:
My initial capital was 8m. The effective yield too has increased as per their email. Thing is, just put money you'll likely leave in your savings or rent and forget about it.