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Nairaland Forum / Nairaland / General / Investment / Feb 2016 Fixed Deposit Rates: GTB, Diamond, Firstbank, Stanbic, Sterling, Wema (42175 Views)
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Feb 2016 Fixed Deposit Rates: GTB, Diamond, Firstbank, Stanbic, Sterling, Wema by naijacutee(f): 6:24pm On Feb 17, 2016 |
On my previous posts on fixed deposits, I have been repeatedly asked for current rates as there is a lot of conflicting information out there. As a result of this, I have contacted a few banks directly in order to get current fixed deposit rates. The rates provided below are valid as at 16th of February 2016. Source: http://www.mrpepe.com/banking/february-2016-fixed-deposit-interest-rate-comparison-6-banks/ 2 Likes 1 Share
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Re: Feb 2016 Fixed Deposit Rates: GTB, Diamond, Firstbank, Stanbic, Sterling, Wema by doomsdayII(m): 6:40pm On Feb 17, 2016 |
I still don't get why gtb didn't pay my interest last month. I fix for every 30 days or rollover. I did a rollover this month cos I didn't have much to extend and they didn't pay my interest for last month. Any ideas naijacutee? I will appreciate |
Re: Feb 2016 Fixed Deposit Rates: GTB, Diamond, Firstbank, Stanbic, Sterling, Wema by EdDave(m): 8:12pm On Feb 17, 2016 |
These banks are very funny. You had better call them. Naijacutee, hope u know you will be taxed on the interest? |
Re: Feb 2016 Fixed Deposit Rates: GTB, Diamond, Firstbank, Stanbic, Sterling, Wema by doomsdayII(m): 8:20pm On Feb 17, 2016 |
EdDave:Seriously? Do u mean just interest or the capital and shed a Lil light. It'll enable me to fold up if not favourable or not 1 Like |
Re: Feb 2016 Fixed Deposit Rates: GTB, Diamond, Firstbank, Stanbic, Sterling, Wema by Nobody: 8:29pm On Feb 17, 2016 |
doomsdayII: Its the normal withholding tax of 10% of ur interest. Your advised letter of your fixdeposit must have shown that detail there. Confirm IT |
Re: Feb 2016 Fixed Deposit Rates: GTB, Diamond, Firstbank, Stanbic, Sterling, Wema by doomsdayII(m): 8:33pm On Feb 17, 2016 |
Ryder306:I wasn't given any letter 1 Like |
Re: Feb 2016 Fixed Deposit Rates: GTB, Diamond, Firstbank, Stanbic, Sterling, Wema by Nobody: 8:35pm On Feb 17, 2016 |
@naijacutee: Thanks for the update......Kindly keep us updated of any upward review of these rates....... have bookmark dis page. |
Re: Feb 2016 Fixed Deposit Rates: GTB, Diamond, Firstbank, Stanbic, Sterling, Wema by YoungExec: 8:37pm On Feb 17, 2016 |
seriously?! Some people still do Fixed Deposit?! 1 Like |
Re: Feb 2016 Fixed Deposit Rates: GTB, Diamond, Firstbank, Stanbic, Sterling, Wema by Nobody: 8:39pm On Feb 17, 2016 |
doomsdayII: Brother: i tried my first fd with stanbic......i got a letter which i even signed to confirm n seal d agreement. dunno how gtbank run there own but chill for a while let experience nairaland folks advice you......or visit your bank to discuss it |
Re: Feb 2016 Fixed Deposit Rates: GTB, Diamond, Firstbank, Stanbic, Sterling, Wema by Nobody: 8:42pm On Feb 17, 2016 |
YoungExec: Sir, kindly advice on the risk free alternatives 1 Like |
Re: Feb 2016 Fixed Deposit Rates: GTB, Diamond, Firstbank, Stanbic, Sterling, Wema by nnamdiosu(m): 9:56pm On Feb 17, 2016 |
doomsdayII: they probably did. but what gtb does is they add the interest to ur principal and fix the whole sum.....that's if the money is being rolled over |
Re: Feb 2016 Fixed Deposit Rates: GTB, Diamond, Firstbank, Stanbic, Sterling, Wema by nnamdiosu(m): 9:58pm On Feb 17, 2016 |
doomsdayII: the interest on the deposits is liable to a 10% tax. |
Re: Feb 2016 Fixed Deposit Rates: GTB, Diamond, Firstbank, Stanbic, Sterling, Wema by naijacutee(f): 10:22pm On Feb 17, 2016 |
EdDave: Yes, I'm quite aware of the 10% tax on interest. It was taken into account in my calculations - unless there are other additional charges to be aware of? Stamp duty? 2 Likes |
Re: Feb 2016 Fixed Deposit Rates: GTB, Diamond, Firstbank, Stanbic, Sterling, Wema by doomsdayII(m): 10:31pm On Feb 17, 2016 |
nnamdiosu:Thanks for clearing the air. I understand it all now |
Re: Feb 2016 Fixed Deposit Rates: GTB, Diamond, Firstbank, Stanbic, Sterling, Wema by Ohonba(m): 5:04pm On Feb 18, 2016 |
I know of reliable place that will give as much as 11% for 1m, want to know how? reach me on hnb_matthew@yahoo.com |
Re: Feb 2016 Fixed Deposit Rates: GTB, Diamond, Firstbank, Stanbic, Sterling, Wema by Nobody: 6:26pm On Feb 18, 2016 |
Ohonba: Share it here 10 Likes |
Re: Feb 2016 Fixed Deposit Rates: GTB, Diamond, Firstbank, Stanbic, Sterling, Wema by ogogoro: 6:40pm On Feb 18, 2016 |
Ryder306: Abi. Share it here |
Re: Feb 2016 Fixed Deposit Rates: GTB, Diamond, Firstbank, Stanbic, Sterling, Wema by freeman67: 7:08am On Feb 19, 2016 |
doomsdayII: GTB Normally send investment advice/notice for transactions like this. You can check you e-mail to see if it was sent probably it was rolled over with the interest. You are free to go and ask them how much was rolled over if they didn't send. |
Re: Feb 2016 Fixed Deposit Rates: GTB, Diamond, Firstbank, Stanbic, Sterling, Wema by ernie4life(m): 7:29am On Feb 19, 2016 |
freeman67: I don't understand why people do fixed deposit with banks when we have investment houses offering better and more juicy rates. why do we find it hard to do a market survey before taking a decision. Even mutual funds offer better yields than fixed deposit and to think there is a thread on fixed deposit in this section. 1 Like |
Re: Feb 2016 Fixed Deposit Rates: GTB, Diamond, Firstbank, Stanbic, Sterling, Wema by doomsdayII(m): 7:35am On Feb 19, 2016 |
ernie4life:It'll be appreciated if you share us your advice. Everyone is trying to grow please 1 Like |
Re: Feb 2016 Fixed Deposit Rates: GTB, Diamond, Firstbank, Stanbic, Sterling, Wema by zamirikpo(m): 7:45am On Feb 19, 2016 |
nice post but u should have also asked for rates with sum above 500k......cos i fixed a sum higher than that and i got 8.5%.....with skye bank.....these rates are negotiable depending on the sum and the tenure... 2 Likes |
Re: Feb 2016 Fixed Deposit Rates: GTB, Diamond, Firstbank, Stanbic, Sterling, Wema by zamirikpo(m): 7:50am On Feb 19, 2016 |
@ernie4life pls wots mutual fund, people cant invest in what they dont know about. enlighten us pls......fixed deposit i know, treasury bills i know.......mutual funds......i dont.....also enlighten us on other credit houses that offer more.....with 0.01% risk like with fd |
Re: Feb 2016 Fixed Deposit Rates: GTB, Diamond, Firstbank, Stanbic, Sterling, Wema by ernie4life(m): 8:32am On Feb 19, 2016 |
doomsdayII: here is all the advice you will ever need, make sure you start from page 1 till finish, it's lengthy but it's worth it https://www.nairaland.com/1912965/mutual-funds zamirikpo: |
Re: Feb 2016 Fixed Deposit Rates: GTB, Diamond, Firstbank, Stanbic, Sterling, Wema by freeman67: 9:48am On Feb 19, 2016 |
ernie4life: people still invest in fixed deposit because; 1. There already have account with the bank they transact with no need of going through the stress of opening account with the investment house u want to transact with again. 2. There can easy access their money when the need arises. At most 24hrs whether it matures or not and your capital will be safe. 3. when it matures and you don't want to roll over capital and interest will be dropped in your account. 4. All term and conditions are well spelt out, no fluctuations on that particular transaction. You cannot get all these from investment houses.. The worst of them all is that mutual funds. You can't just liquidate it at will and not all has a guaranteed interest. 9 Likes 1 Share |
Re: Feb 2016 Fixed Deposit Rates: GTB, Diamond, Firstbank, Stanbic, Sterling, Wema by ernie4life(m): 10:12am On Feb 19, 2016 |
freeman67: money market mutual funds are a lot more stable than capital market mutual funds. no 1 it's an investment account not bank account meaning you are not expected to have a minimum balance, and procedures for opening it is same with your normal bank account. no 2 when you fix your money with an investment house( am not talking of mutual funds) you can always get your money within 24 hours. No 3 at point of investment you can give instructions that upon maturity your money should not be rolled over automatically. No 4 all terms are spelt out when dealing with an investment house ( remember they are regulated by SEC) and there is no fluctuations because most of them give you an investment letter showing how much you've invested and how much the exact yield would be upon maturity. No 5 some mutual funds have a guaranteed interest rate get the facts right 1 Like |
Re: Feb 2016 Fixed Deposit Rates: GTB, Diamond, Firstbank, Stanbic, Sterling, Wema by glamk(f): 9:32pm On Feb 19, 2016 |
Hello house, I'm a university graduate currently running a boutique, I need an investor to enlarge the business, it's profit yielding because I travel to Lagos or Onitsha to buy things and resell in a university in d northeast, the competition is low here due to the insecurity. If you are interested, kindly call me on this line so i'll proof everything I need to so you'll be sure i'm for real-09056313676 joy |
Re: Feb 2016 Fixed Deposit Rates: GTB, Diamond, Firstbank, Stanbic, Sterling, Wema by bamdexfarms(m): 10:25pm On Feb 19, 2016 |
Treasury bills is better and more profitable. |
Re: Feb 2016 Fixed Deposit Rates: GTB, Diamond, Firstbank, Stanbic, Sterling, Wema by freeman67: 10:48pm On Feb 20, 2016 |
ernie4life: so what is/are the name of the investment house(s) you propose for the house and what the deals they have? |
Re: Feb 2016 Fixed Deposit Rates: GTB, Diamond, Firstbank, Stanbic, Sterling, Wema by ernie4life(m): 10:52pm On Feb 20, 2016 |
freeman67: First bank capital Investment -one financial services ( GTB asset management) ARM Stanbic ibtc Capital approach any of them and the give you their deals |
Re: Feb 2016 Fixed Deposit Rates: GTB, Diamond, Firstbank, Stanbic, Sterling, Wema by nitrogen(m): 1:25am On Feb 21, 2016 |
glamk: Hi, did you just say Northeast? Wow, anyway, am ready to invest, so far returns will be high, what rate are we looking at and how much do u want to raise for the expansion? Regards. |
Re: Feb 2016 Fixed Deposit Rates: GTB, Diamond, Firstbank, Stanbic, Sterling, Wema by glamk(f): 2:52pm On Feb 22, 2016 |
nitrogen:Yes Northeast, I'm looking forward to discuss with you in private though so we could discuss business proper. How do I contact you because I don't knw how to send a pm? |
Re: Feb 2016 Fixed Deposit Rates: GTB, Diamond, Firstbank, Stanbic, Sterling, Wema by grosy: 2:59pm On Feb 22, 2016 |
fcmb fix deposite what is d rate |
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