presiade:

Are you sure you didn't invest in fixed deposit? Better confirm from them.

No was sure cos the lady brought out my form for me to confirm. It had a column that asked if want your interest to be paid upfront with yes and no boxes. And i saw i clicked NO.

Great one guys. I have learnt a lot reading this thread.

Please, is an individual allowed to TBills say every month. Can one buy tbills every month, is it allowed.

Am looking at saving some funds for a project,but I am not satisfied just having it in a savings account, can I buy tbills every month with it and choose short tenors?

Investnow2017:


FBNH portal sent mr a message 3 days prior that mine would mature on 29th June. And on 29th June by 10am my account was credited. This was thursday last week. So i figure Thursdays are the days because i hv gotten another message informing me that another one will mature on the 6th this week. And when i checked it is again Thursday!

Thanks a lot!!

.

For a rough and quick estimate of interest earned, you can use the rule of "72". Divide 72 by the interest rate and that gives you the length of time, the money invested will double. For example, if you invest 5-million at 18%, it will roughly double to 10-million in 4-years. That is assuming you are investing the interest earned annually and not withdrawing it.

Timmi:
For a rough and quick estimate of interest earned, you can use the rule of "72". Divide 72 by the interest rate and that gives you the length of time, the money invested will double. For example, if you invest 5-million at 18%, it will roughly double to 10-million in 4-years. That is assuming you are investing the interest earned annually and not withdrawing it.

Rightly said, it leverages on compound interest.
Awesome principle.

presiade:


Please, how did you go about this. Is there any contact I can use to make further enquiries/ processing?

Send a mail here and they will reply you immediately. They gave me a very juicy rate. diasporabanking@firstbanknigeria.com

nadico:

No was sure cos the lady brought out my form for me to confirm. It had a column that asked if want your interest to be paid upfront with yes and no boxes. And i saw i clicked NO.

Case close. You asked for your interest to be invested too, so you will benefit from compound interest.

I always click yes so i can do it myselt and still have small pocket money to use. Lol

nadico:

No was sure cos the lady brought out my form for me to confirm. It had a column that asked if want your interest to be paid upfront with yes and no boxes. And i saw i clicked NO.

OK.

Investnow2017:


Expect the discounted to be credited to yr account by 4pm today.

Bro, Firstbank are yet to credit me till now and i dont even know what interest rate dey used for me... I am actually waiting for dem till Thursday and see if my account will be credited on or before then since I told them that I am actually opting in for Primary market... Thanks for your input

hiscules:
Great one guys. I have learnt a lot reading this thread.

Please, is an individual allowed to TBills say every month. Can one buy tbills every month, is it allowed.

Am looking at saving some funds for a project,but I am not satisfied just having it in a savings account, can I buy tbills every month with it and choose short tenors?

Yes. There is no limit to the number of times you can invest.

IHelp:


Yes. There is no limit to the number of times you can invest.

ok, thanks

i applied for tb tru my bank on 6th april, 2017 for 91 days. cn i ask them to do roller over for me for 364days even though d moni go mature on 6th july, 2017

Timmi:
For a rough and quick estimate of interest earned, you can use the rule of "72". Divide 72 by the interest rate and that gives you the length of time, the money invested will double. For example, if you invest 5-million at 18%, it will roughly double to 10-million in 4-years. That is assuming you are investing the interest earned annually and not withdrawing it.

The rule 72 is actually good for 8% interest rate. You add 1 to it for every 3% increase to get the accurate measure.

So if it's 18%, then you don't use 72 but 76.

You were paid your interest right?
Once a form is submitted and everything is confirmed and again you are debited, no extra instructions will be accepted on that investment.

You have to wait till that investment ends to initiate a new one.

jp130:
i applied for tb tru my bank on 6th april, 2017 for 91 days. cn i ask them to do roller over for me for 364days even though d moni go mature on 6th july, 2017

Oga na true o.

There's this other investment I do that allow me to compound my interest, the returns over time is like blood money

Learn about Rule Of 72

Compound interest is amazing, and it's only very few investments, like TBills that provides this option. When you see it, grab it.

But you must be disciplined enough to set out an investment plan and follow through.

ihedioramma:

amjustme2:
Oga na true o.

There's this other investment I do that allow me to compound my interest, the returns over time is like blood money

Learn about Rule Of 72

Compound interest is amazing, and it's only very few investments, like TBills that provides this option. When you see it, grab it.

But you must be disciplined enough to set out an investment plan and follow through.

Tell me what rule 72 said sir ? .

thanks for ur reply, are you saying that i can't instruct my bank to do rollover on the investment that will expire this 6/07/2017?
remember bidding go de that same 6/07/2017

amjustme2:
You were paid your interest right?
Once a form is submitted and everything is confirmed and again you are debited, no extra instructions will be accepted on that investment.

You have to wait till that investment ends to initiate a new one.

Oga na true o.

There's this other investment I do that allow me to compound my interest, the returns over time is like blood money grin grin grin

Learn about Rule Of 72

Compound interest is amazing, and it's only very few investments, like TBills that provides this option. When you see it, grab it.

But you must be disciplined enough to set out an investment plan and follow through.


I would like to know about Rule of 72

FunmyKemmy:
Oga na true o.

There's this other investment I do that allow me to compound my interest, the returns over time is like blood money grin grin grin

Learn about Rule Of 72

Compound interest is amazing, and it's only very few investments, like TBills that provides this option. When you see it, grab it.

But you must be disciplined enough to set out an investment plan and follow through.


I would like to know about Rule of 72

The "rule of 72" is a simplified way to calculate how long an investment takes to double, given a fixed annual rate of interest. You divide 72 by the annual rate of return you receive on your investments, and that number is a rough estimate of years it takes to double your money.
For example, $1 invested at 10% takes 7.2 years (72 divided by 10) to turn into $2.

looking for what to invest into, try this link and you would thank me later ... nigeria50.biz/?i=todato247@gmail.com

needful:


Open a diaspora account with first bank. I did it few weeks ago from Canada

Will you have to pay tax to Canada out of the profit/interest you make in Naija Tbills.

hello,people are only talking about first bank here,please what about Gtbank don't they sell the treasurer bills to,and please what will be the interest rate of buying Bleep and I wish to rollover the interest too for 4yrs..please someone should put more light to it for me,my bank is gtbank. Thanks

damrmd02:
hello,people are only talking about first bank here,please what about Gtbank don't they sell the treasurer bills to,and please what will be the interest rate of buying 3m and I wish to rollover the interest too for 4yrs..please someone should put more light to it for me,my bank is gtbank. Thanks

You can buy through GTb, but they are not too Treasury Bill friendly like Fbn and stanbic ibtc.

emmanuelewumi:


You can buy through GTb, but they are not too Treasury Bill friendly like Fbn and stanbic ibtc.

OK,Thanks,but at what yield is 3m for 4yrs?

GTBank is good. Go to your branch and as for a Personnel in charge of Treasury Bills/Bonds. Don't involve your account officer, for your own good.
You could go for primary Market Auction and on the form there in an option to roll over interest. Its possible to get 17.6% or slightly higher with GTBank.

You can return to this thread and share your experience or ask further question.

As a humble suggestion, don't expose your portfolio on Nairaland, you could be targeted. , edit your post and take out the amount.

damrmd02:
hello,people are only talking about first bank here,please what about Gtbank don't they sell the treasurer bills to,and please what will be the interest rate of XXXXX and I wish to rollover the interest too for 4yrs..please someone should put more light to it for me,my bank is gtbank. Thanks

damrmd02:

OK,Thanks,but at what yield is 3m for 4yrs?

It is about 18%, you can only buy for 364 days and rollover after the maturity for another 364 days.


Assuming an average interest of 15% for the next 4 years your N3 million will grow to about N5.3 million or more.

amjustme2:
GTBank is good. Go to your branch and as for a Personnel in charge of Treasury Bills/Bonds. Don't involve your account officer, for your own good.
You could go for primary Market Auction and on the form there in an option to roll over interest. Its possible to get 17.6% or slightly higher with GTBank.

You can return to this thread and share your experience or ask further question.

As a humble suggestion, don't expose your portfolio on Nairaland, you could be targeted. , edit your post and take out the amount.

I guess she gave the figure so as to have an idea of what her money would have grown to.

Hello everyone. I bought TB with Diamond Bank ON April 4 for 92 days. Please when should I expect them return my money?

Lexit:
Hello everyone. I bought TB with Diamond Bank ON April 4 for 92 days. Please when should I expect them return my money?

Count 92 days from d date naa...

ihedioramma:
Ok . One million in ten years at 15% =8,248,427.41 , did i got it ? .

for compound interest,

1,000,000 * (1+15%)^10=4,045,557.7

break down,

assuming u get same 15% yearly, that's 1+0.15 of your principal, P.
2 years would be (1+0.15)(1+0.15) of P
10 years would be (1+0.15)^10 of P

[quote author=ihedioramma post=58081537][/quote]

Let's do d math,

principal, P=5,000,000
assumed interest, I=15%
add 200,000k yearly.
for 20 years

200,000k is 200,000/5,000,000=0.04 of P

=5,000,000*(1+0.15+0.04)^20
=162,147,117.3

for 10 years

=5,000,000*(1+0.15+0.04)^10
=28,473,418.9