olujaidi:


Yes.

Please note that 17% isn't fixed. It can go higher or lower depending on the direction of TB rates

Hmm.. Thanks..

I looked at their return rates for Dec and January... It shows around 15% but that's fine...

Will visit the nearest fbn branch to ask...
Investment one's website lacks yield info...

Thank you very much Sir.

RealityShot:

Hmm.. Thanks..

I looked at their return rates for Dec and January... It shows around 15% but that's fine...

Will visit the nearest fbn branch to ask...
Investment one's website lacks yield info...

Thank you very much Sir.

Some do better than others.ARM, Stanbic and AIICO Capital are doing approx. 17%

House, has anybody ever invested in Treasury Bill through secondary market @GTB? My bid was not successful on Feb 1st and I emailed my account officer about what's available in secondary market no response from her since

olujaidi:


Some do better than others.ARM, Stanbic and AIICO Capital are doing approx. 17%

OK.. Thanks a lot!

RealityShot:

OK.. Thanks a lot!

Truly ARM money market fund displays rate of 17.17% on their website but they actually pay 15.6% currently. This is because a management fee of about 1.5% or below is deducted from the gross yield of 17.17%

Cation:
Truly ARM money market fund displays rate of 17.17% on their website but they actually pay 15.6% currently. This is because a management fee of about 1.5% or below is deducted from the gross yield of 17.17%

Oh! Sweet!
Now am going to have to choose between ARM and FBN MMF
Because first Bank is the only bank of all that's close to my locale

Thank you Sir

RealityShot:

Oh! Sweet!
Now am going to have to choose between ARM and FBN MMF
Because first Bank is the only bank of all that's close to my locale

Thank you Sir

you can open your ARM money market fund account online and also fund your account online, carry out fund redemption online. u get your statement of account online. everything has being made easy for u. I do all my transactions online so I have never being to their office. Their customer service is very good and ready to assist you anytime.

iamoasa:
House, has anybody ever invested in Treasury Bill through secondary market @GTB? My bid was not successful on Feb 1st and I emailed my account officer about what's available in secondary market no response from her since

I did that the auction before this one , the rates were little bit close to the cbn rate

olujaidi:


There are a number of MMFs out there. Some of the popular one are those operated by FBN Capital, Stanbic Asset Management, ARM, Investment One. Obtain their contact details from their websites. There's no bidding process and you can start with 5k. There's no tenor per se. Think of it as a high yield savings account. The 17% is derived from the yields of money market instruments (TBs, commercial papers, fixed deposits) the funds are invested in. The higher the rates on TB and the rest, the higher the MMF yields

what is the difference between MMF and Treasury bills

Cation:
you can open your ARM money market fund account online and also fund your account online, carry out fund redemption online. u get your statement of account online. everything has being made easy for u. I do all my transactions online so I have never being to their office. Their customer service is very good and ready to assist you anytime.

wow cool.. Thanks

Oluwakemitosin:
what is the difference between MMF and Treasury bills

An MMF is a collective investment scheme that invests in money market instruments ie it pools funds from several investors to be invested in money market instruments.

A TB is one type of money market instrument

olujaidi:


An MMF is a collective investment scheme that invests in money market instruments ie it pools funds from several investors to be invested in money market instruments.

A TB is one type of money market instrument

I read that MMF only pay dividends quarterly.. . Is that so?

So if I withdraw after 2months do I have to wait till end of that quarter for yields?

RealityShot:

I read that MMF only pay dividends quarterly.. . Is that so?

So if I withdraw after 2months do I have to wait till end of that quarter for yields?

Your interest accrues daily and can be viewed on their online platforms. So, if you withdraw after 2 months, you will receive your interest from the beginning of the quarter until the date of withdrawal. If you do not withdraw before the end of the quarter, you will receive your interest at the end of the quarter.

Think of it as a high yield fixed deposit

olujaidi:



Your interest accrues daily and can be viewed on their online platforms. So, if you withdraw after 2 months, you will receive your interest from the beginning of the quarter until the date of withdrawal. If you do not withdraw before the end of the quarter, you will receive your interest at the end of the quarter.

Think of it as a high yield fixed deposit

Wow! This online stuff is just endearing.. Plus low risk investment!
Thanks

Pls how can one terminate her TB investment? My bid for 4th Jan sailed through but I want to terminate befoore maturity as I need to do something urgent with part of my funds and can't wait til say april or so before it matures. What would I lose for this? Someone please help a sister out here,God bless!
NB:Its first bank I used

Please House what is the difference between Fixed Deposit and Treasury Bills

olujaidi:



Your interest accrues daily and can be viewed on their online platforms. So, if you withdraw after 2 months, you will receive your interest from the beginning of the quarter until the date of withdrawal. If you do not withdraw before the end of the quarter, you will receive your interest at the end of the quarter.

Think of it as a high yield fixed deposit

hi..
please that interest roll over option,
does that mean all interest will start being roll over from the beginning till date of withdrawal?

also, how do i get user id..my payment failed i cant login to try again
(i have written support shaa)

RealityShot:
hi..
please that interest roll over option,
does that mean all interest will start being roll over from the beginning till date of withdrawal?

also, how do i get user id..my payment failed i cant login to try again
(i have written support shaa)

1. Rolled over from end of previous quarter until withdrawal or next quarter.

2. Contact your account officer or relationship manager

lancee:



I did that the auction before this one , the rates were little bit close to the cbn rate

Thanks for the response, can you explain the process of going through the secondary market to me pls? Still wondering why there is no response from my account officer still

iamoasa:


Thanks for the response, can you explain the process of going through the secondary market to me pls? Still wondering why there is no response from my account officer still

Just ask him/her , that they should send u the rates of secondary mkt that is available

unite4real:


who is this crashing into our meeting? Please you are in the wrong thread.

allhavesinned:
Please House what is the difference between Fixed Deposit and Treasury Bills

someone should pls answer this question...

Oluwakemitosin:
someone should pls answer this question...

Fixed deposit means one is depositing money with a commercial bank on a fixed time say one year in order to earn some interest which is paid at the end of the tenor. The interest is taxed. With treasury bills, one is borrowing for example the federal government some money at a discount whose interest with is not taxed, is earned instantly. Look at the two scenarios as fix deposit means doing business with the commercial bank while treasury bills is doing business with the federal government.

unite4real:


Fixed deposit means one is depositing money with a commercial bank on a fixed time say one year in order to earn some interest which is paid at the end of the tenor. The interest is taxed. With treasury bills, one is borrowing for example the federal government some money at a discount whose interest with is not taxed, is earned instantly. Look at the two scenarios as fix deposit means doing business with the commercial bank while treasury bills is doing business with the federal government.

good morning Sir.. Sir please help a neophye with some....someone that want to invest N10Million in treasury bills for a maturity period of 1year what will be the profit?

Osahon7:
good morning Sir.. Sir please help a neophye with some....someone that want to invest N10Million in treasury bills for a maturity period of 1year what will be the profit?

If you did the last week's auction, you will comfortably be spending some cool N1.8 million naira by now and possibly send me some.

Happy investing.

unite4real:


If you did the last week's auction, you will comfortably be spending some cool N1.8 million naira by now and possibly send me some.

Happy investing.

wow Thanks you sir..but Sir, How Sure is T-Bills I mean how is the future like? Is there some form of guarantee? Can I lose money?

Osahon7:
wow Thanks you sir..but Sir, How Sure is T-Bills I mean how is the future like? Is there some form of guarantee? Can I lose money?

look at it this way. One of the first obligations government will meet first before spending money on paying the next month salaries, spending to fund a war situation, spending on emergency economic crisis is Treasury Bills. that's how safe it is. Government cannot fail to meet this obligation because the effect will bring down the economy faster than anything else.

By now u suppose don send recharge card o. LOL

Good day all, How can someone be part of the Open Market Operations. Saw on CBN website that there was one last Friday 3rd February. Please how do I ensure I do not miss out of the next one? Where should I look out for the next one. Thanks for all your contributions here.

gmcb:
Good day all, How can someone be part of the Open Market Operations. Saw on CBN website that there was one last Friday 3rd February. Please how do I ensure I do not miss out of the next one? Where should I look out for the next one. Thanks for all your contributions here.

That one is the CHAMPIONS LEAGUE. it is for the big league players. Not for individuals like you and I so make u no flex your mind about it.

unite4real:


look at it this way. One of the first obligations government will meet first before spending money on paying the next month salaries, spending to fund a war situation, spending on emergency economic crisis is Treasury Bills. that's how safe it is. Government cannot fail to meet this obligation because the effect will bring down the economy faster than anything else.

By now u suppose don send recharge card o. LOL

Can someone who's outside Nigeria invest in T-Bill