₦airaland Forum

murphyrichy:
thanks bro if that is the case, its better than fixed deposit, Right? pls do you mind telling me why people go for fixed deposit when their is Treasury bill?

Better than fixed deposit? Certainly yes...
Information is power. People are not well informed about T.bills hence the only option is fixed deposit. Even the bank would want you to go for fixed deposit instead of T.bills.

The bank used your money to buy T.Bills at 15% and gives you fixed deposit at 10% . The bank makes 5%.from you.
Meanwhile you can purchase you T.bills yourself.

murphyrichy:
thanks bro if that is the case, its better than fixed deposit, Right? pls do you mind telling me why people go for fixed deposit when their is Treasury bill?

Majority do not know about treasury bill even though some may have heard about it just like me some time ago. Some who have burnt all ten fingers in ponzi schemes now fear anything called investment and are just comfortable with leaving their remaining money in their bank account.

Some here got to be interested because many selfless folks here took their precious time to explain all you must know about Tbills and they also spoke confidently from personal experiences. That is why i always encourage folks to read from page 0 of this thread by the time you get to this page you would have no question that had not been answered.

This thread will produce multiple millionaires in years to come if they can stick to their investment discipline.

Kudos gurus: @Amjustme where are you? Missing in action??

Ibukun003:
Better than fixed deposit? Certainly yes...
Information is power. People are not well informed about T.bills hence the only option is fixed deposit. Even the bank would want you to go for fixed deposit instead of T.bills.

The bank used your money to buy T.Bills at 15% and gives you fixed deposit at 10% . The bank makes 5%.from you.
Meanwhile you can purchase you T.bills yourself.

Very true.
The bank staff did all they could to convince me the day I decided to liquidate my FD and go for TBills. They failed because my mind was made up and I have spotted the difference. Thumbs up to the creator and contributors of this thread.

Hello House.

Appreciation to everyone in the house.

Please when is the next Tbill bid date.
Anyone know typical rate offered by Stanbic ibtc for 181 days?

Many thanks

Iamzik:
Hello House.

Appreciation to everyone in the house.

Please when is the next Tbill bid date.
Anyone know typical rate offered by Stanbic ibtc for 181 days?

Many thanks

You mean 182 days? And for Primary Market?
Then it's between 17 & 17.2% since about 3 months

IMO, people should stop disparaging comments about FD. There were times in the past when NTB rates were far poorer than FD rates. There were times I got rates just as good as NTB

I wonder if y'all would've been as enthusiastic when rates were sub 10%

TONY56:
You mean 182 days? And for Primary Market?
Then it's between 17 & 17.2% since about 3 months

Many thanks Tony. I will definitely go for Stanbic.

But will the interest be paid immediately after debiting my account or will it be paid with the interest at maturity?

Try first bank. I got 176 days for 18% recently

SECONDARY MARKET

First Bank today 27th available rates and tenor:

322days 18%
260days 18.1%
175days 18%
168days 18%
147days 18%

Grab grab grab

Investnow2017:
SECONDARY MARKET

First Bank today 27th available rates and tenor:

322days 18%
260days 18.1%
175days 18%
168days 18%
147days 18%

Grab grab grab

first bank is the king of secondary market..

Investnow2017:
SECONDARY MARKET

First Bank today 27th available rates and tenor:

322days 18%
260days 18.1%
175days 18%
168days 18%
147days 18%

Grab grab grab

The bolded

Mine was 177days 18%

Investnow2017:
SECONDARY MARKET

First Bank today 27th available rates and tenor:

322days 18%
260days 18.1%
175days 18%
168days 18%
147days 18%

Grab grab grab

Should i quickly go and grab 147days with 5million? Let me do d calculation first.

dotcomnamename:
The bolded

Mine was 177days 18%

What do you mean??

Investnow2017:
What do you mean??

what he was talking about is that he got 177 days at 18%. You know it all depends on what is available for that day. The first day I went there for inquiry I was told they have only 178 days and when I returned for the investment proper I got 176.

Kimsunh:
what he was talking about is that he got 177 days at 18%. You know it all depends on what is available for that day. The first day I went there for inquiry I was told they have only 178 days and when I returned for the investment proper I got 176.

I see what you mean. Thanks Kimsunh for helping out.

You must know this about the Secondary Market: it is what is available that they will tell you. It changes every second as it were.

Every tenor and rate has certain volume of money attached, the chances of it staying long on the market depends on the availability of buyers and the value of their investment. You may have 120days at 18.25% and maybe N12m of that tenor left. Assuming someone wants to invest N13m he cannot go for that rate becus his intended investment is larger than what is available whereas someone investing N5m can invest in same. The other day i was filling my form for a 332days tenor at 18.35% and what was available was N2m of that investment. Before i could finish, it was viam - empty Someone has picked it. Remember that the portal is same nationwide as i was told.

Happy investing.

Some are warming up for the Primary market come Wednesday 2nd Aug.

Investnow2017:
I see what you mean. Thanks Kimsunh for helping out.

You must know this about the Secondary Market: it is what is available that they will tell you. It changes every second as it were.

Every tenor and rate has certain volume of money attached, the chances of it staying long on the market depends in the availability of buyers and the value of their investment. You may have 120days at 18.25% and maybe N12m of that tenor left. Assuming someone wants to invest N13m he cannot go for that rate becus his intended investment is larger than what is available whereas someone investing N5m can invest in same. The other day i was filling my form for a 332days tenor at 18.35% and what was available was N2m of that investment. Before i could finish, it was viam - empty Someone has picked it. Remember that the portal is same nationwide as i was told.

Happy investing.

Some are warming up for the Primary market come Wednesday 2nd Aug.

Yes ooo.. I am patiently waiting

Kimsunh:
what he was talking about is that he got 177 days at 18%. You know it all depends on what is available for that day. The first day I went there for inquiry I was told they have only 178 days and when I returned for the investment proper I got 176.

Kimsunh, You are correct.

Investnow2017, you get it now?

Kimsunh:
first bank is the king of secondary market..

Better than Stanbic?

Investnow2017:
SECONDARY MARKET

First Bank today 27th available rates and tenor:

322days 18%
260days 18.1%
175days 18%
168days 18%
147days 18%

Grab grab grab

Where did you obtain this info? How can i have access to it firsthand??

This insurance guys are wasting my time oooo, they don't want to give me back my money oooo so i can invest in another TB, Na waooooo. Now I know what they've been gaining from the 50,000 naira the deduct from me monthly

ebbie9ja:
Where did you obtain this info? How can i have access to it firsthand??

I do have a personal relationship with the officer in my branch!

ebbie9ja:
Better than Stanbic?

yes from my own perspective, very juicy rates that you won't get from the primary market.

ebbie9ja:
Where did you obtain this info? How can i have access to it firsthand??

walk into any first bank close to you. They should be able to put you through.

olujaidi:
IMO, people should stop disparaging comments about FD. There were times in the past when NTB rates were far poorer than FD rates. There were times I got rates just as good as NTB

I wonder if y'all would've been as enthusiastic when rates were sub 10%

let's not even go too far, 2014 if I remember vividly, Fixed deposit was doing better than even Mutual fund houses. Fixed deposit was kinging then! so you are right, its all about being informed with the latest

Iamzik:
Many thanks Tony. I will definitely go for Stanbic.

But will the interest be paid immediately after debiting my account or will it be paid with the interest at maturity?

You will decide which of the options you want. A form will be given to u and u will indicate if you want your interest upfront(now) or at maturity.

Can i collect my treasury bill proof of investment from other firstbank branches anywhere. I dont want my account officer to start disturbing me to do F.D. she has been begging me to do F.D of any amount meanwhile she is also in charge of T.B

Fm4real06:
You will decide which of the options you want. A form will be given to u and u will indicate if you want your interest upfront(now) or at maturity.

OK. Many thanks

Considering that I'm going for 364days i think it's better to take the interest upfront.

@House Please confirm if bid is available for next week

Iamzik:
Many thanks Tony. I will definitely go for Stanbic.

But will the interest be paid immediately after debiting my account or will it be paid with the interest at maturity?

The beauty in the way Stanbic operates is that they will only debit your account with the discounted amount leaving your interest in your account unlike what most other banks do by debiting the whole amount and crediting back your interest few days after.

Kimsunh:
Try first bank. I got 176 days for 18% recently

That obviously is not Primary Market!

ebbie9ja:
Better than Stanbic?

On the average yes

Fm4real06:
Can i collect my treasury bill proof of investment from other firstbank branches anywhere. I dont want my account officer to start disturbing me to do F.D. she has been begging me to do F.D of any amount meanwhile she is also in charge of T.B

I think you can but you should have done the investment in another branch so that it would be easier to approach same person for the hard copy

TONY56:
That obviously is not Primary Market!

yes and I can bet with you that you can't get that juicy rate with primary market. Last one I did with Gtb was 17.3.