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Nairaland Forum / Nairaland / General / Business / Bank Customers, Investors Shun Deposits For Treasury Bills (21268 Views)
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Re: Bank Customers, Investors Shun Deposits For Treasury Bills by Nobody: 12:45pm On Aug 07, 2017 |
dunkem21: Alright I'm all eyes |
Re: Bank Customers, Investors Shun Deposits For Treasury Bills by davodyguy: 12:45pm On Aug 07, 2017 |
magoo10: Which problem? You guys just post on topics you have no idea on. I have been investing in TBs since only god knows when. I have been getting upfront and also getting my money after the due dates. This gives money to FG to fix things 4 Likes 1 Share |
Re: Bank Customers, Investors Shun Deposits For Treasury Bills by magoo10(m): 12:45pm On Aug 07, 2017 |
nextprince:who issues treasury bills? who regulates the banks? 1 Like |
Re: Bank Customers, Investors Shun Deposits For Treasury Bills by okoliexpress: 12:47pm On Aug 07, 2017 |
you sef.. how can you get 18% monthly interest.. northvietnam: |
Re: Bank Customers, Investors Shun Deposits For Treasury Bills by CarlosTheJackal: 12:47pm On Aug 07, 2017 |
skarlett:Yes because these are money that should come to them to engage in business like giving out loans and also investing in other money market 3 Likes 2 Shares |
Re: Bank Customers, Investors Shun Deposits For Treasury Bills by mapist(m): 12:48pm On Aug 07, 2017 |
davodyguy: Oga, bid thru a bank..no form mugu. 3 Likes |
Re: Bank Customers, Investors Shun Deposits For Treasury Bills by dunkem21(m): 12:48pm On Aug 07, 2017 |
Rexphobia: I concur..although easier said than done. Banks will also charge you for premature termination. |
Re: Bank Customers, Investors Shun Deposits For Treasury Bills by magoo10(m): 12:48pm On Aug 07, 2017 |
davodyguy:you are confusing yourself ,who says treasury bills have a problem.you don't even know when you started investing in treasury bills. 1 Like |
Re: Bank Customers, Investors Shun Deposits For Treasury Bills by dunkem21(m): 12:50pm On Aug 07, 2017 |
CarlosTheJackal: ..And that's all |
Re: Bank Customers, Investors Shun Deposits For Treasury Bills by Jerry2i(m): 12:51pm On Aug 07, 2017 |
I really need more insight on how this T.B works. |
Re: Bank Customers, Investors Shun Deposits For Treasury Bills by ajebuter(f): 12:52pm On Aug 07, 2017 |
Even enemyofprogress/babangbali entire saving of N235:47k from his mai-ruwa work? Vickyrotex joh, have mercy on him.. |
Re: Bank Customers, Investors Shun Deposits For Treasury Bills by ip2121918021(m): 12:52pm On Aug 07, 2017 |
Rexphobia: Alright, but I still wouldn't recommend it to anyone :] |
Re: Bank Customers, Investors Shun Deposits For Treasury Bills by davodyguy: 12:54pm On Aug 07, 2017 |
magoo10: Yes, I don't cos i do 8 digits and not 7 digits. How many can you remember? No bid this week, another is due next week Wednesday. I think I know much about the bidding and its twice within 4 weeks |
Re: Bank Customers, Investors Shun Deposits For Treasury Bills by DRESIDENCE: 12:54pm On Aug 07, 2017 |
dunkem21: Can you provide details? |
Re: Bank Customers, Investors Shun Deposits For Treasury Bills by farem: 12:55pm On Aug 07, 2017 |
nextprince:The nitwit can't help himself. He is so designed. He will never read talk less of understanding 3 Likes 1 Share |
Re: Bank Customers, Investors Shun Deposits For Treasury Bills by davodyguy: 12:56pm On Aug 07, 2017 |
mapist: Why? I did N5*(Fill in the gap) with them already and got a pay out in November, 2016. i.e 2015 to 2016. Another one due February, 2018 Another Due August, 2018 |
Re: Bank Customers, Investors Shun Deposits For Treasury Bills by Nobody: 12:57pm On Aug 07, 2017 |
CarlosTheJackal: Oh okay, thanks for explaining. I understand now |
Re: Bank Customers, Investors Shun Deposits For Treasury Bills by murphyrichy(m): 1:01pm On Aug 07, 2017 |
davodyguy:please i need to understanding how it works, wat if you buy it at 18.5% and it falls to 13.5 at the end of the maturity date. wont it affect you? |
Re: Bank Customers, Investors Shun Deposits For Treasury Bills by heo88(m): 1:03pm On Aug 07, 2017 |
skarlett: Hi, I hope you're good. To summarise what you've read, businesses and individual people that have money to invest, want the best return. Rather than keeping their money in a (restricted) savings accounts, it is better to purchase short-term debt issued by the government (or in some cases responsible big businesses). Once this debt has expired (usually 3 months), the people and businesses that have invested their money will get a better return than keeping their money in a savings account. I hope that makes sense. CC. Zehner 4 Likes 2 Shares |
Re: Bank Customers, Investors Shun Deposits For Treasury Bills by mapist(m): 1:04pm On Aug 07, 2017 |
davodyguy: You can do it with a bank at a very minimal cost. |
Re: Bank Customers, Investors Shun Deposits For Treasury Bills by Nobody: 1:06pm On Aug 07, 2017 |
heo88: Yes it does, thanks very much 1 Like |
Re: Bank Customers, Investors Shun Deposits For Treasury Bills by galantjoe(m): 1:11pm On Aug 07, 2017 |
TB is best risk-free investment so far. Bank stanbic ibtc is giving interest rate of 13% p.a. on term deposit of N1million and above |
Re: Bank Customers, Investors Shun Deposits For Treasury Bills by adetayo234: 1:14pm On Aug 07, 2017 |
abfalkolly: What would be the effect? Please explain |
Re: Bank Customers, Investors Shun Deposits For Treasury Bills by adetayo234: 1:15pm On Aug 07, 2017 |
northvietnam: Don't mind him. It is not 18% per month. I think it is 18% per annum. |
Re: Bank Customers, Investors Shun Deposits For Treasury Bills by successman1234: 1:17pm On Aug 07, 2017 |
God punish bank people. Who dem help? let people get good return on their investment. You hear every beginning of year, Zenith, gtb, uba back declares profit of billions after tax. All those profit are our money. all manner of charges, sms, atm, etc They should look for creative ways to get money, we are all looking for money. After all even those who do fixed deposit with them, get charged very high interest rate when they approach the bank for loan. yeye people Adesiji77: 1 Like |
Re: Bank Customers, Investors Shun Deposits For Treasury Bills by Acidosis(m): 1:23pm On Aug 07, 2017 |
CarlosTheJackal: 365 days, not 60 days. Available tenors on FG treasury bills are: 3 months, 6 months and 1 year. Peradventure you're able to get 18% on a 3 month tenor, your interest still wouldn't be 180k. Rather, you'd get 180k/4 = N45k; 18% on a 6 month tenor will fetch you 180k/2 = N90k. Its a compound interest thing. Do not think N1m at 18% interest rate will get you 180,000 in 3 months or 6 months.. This isn't MMM. That will only happen when you inject your N1m for a whole year (365 days). For instance, if you decide to invest N1m at 18%, 365 day tenor, you will get about N180,000 interest almost immediately, your principal (N1m) would be paid back, UNFAILINGLY, at the 365th day. Your bank is only an agent/intermediary between you and the apex bank (CBN). Banks are not i/c of T-Bills, that's why many bankers don't know how it works, some that have T-Bills knowledge find it difficult to advise their customers. All things being equal, no banker will encourage a customer to invest in T-Bills, this is the reason customers need to be knowledgeable and take charge of their hard earned monies. This is the summary of Federal Govt Treasury Bills. 10 Likes 1 Share |
Re: Bank Customers, Investors Shun Deposits For Treasury Bills by Bizibi(m): 1:25pm On Aug 07, 2017 |
davodyguy:is tb from the same commercial banks that run fixed deposits? |
Re: Bank Customers, Investors Shun Deposits For Treasury Bills by Bizibi(m): 1:28pm On Aug 07, 2017 |
galantjoe:it seems one need to divest in other areas..... The dark clouds in the oil industry is forcing us to look other avenue....... |
Re: Bank Customers, Investors Shun Deposits For Treasury Bills by realnas(m): 1:38pm On Aug 07, 2017 |
The money market fund that I have invested in gives me a juicy 17% ROI, the question I want to ask these banks is this how do you expect me to swap my 17% for ur miserable 2% ROI? Knowing that when I deposit my money with you, u guys use the deposits to purchase the same t bills .i will recommend a money market fund for investors bcoz it offers much needed diversification in terms of assets held and it costs very little to start investing with a money market fund 2 Likes |
Re: Bank Customers, Investors Shun Deposits For Treasury Bills by Fynebouy: 1:53pm On Aug 07, 2017 |
Acidosis: For those interested in learning about Treasury Bills, follow the Nairaland thread below. I came across this thread and changed my investment practice. My banker insisted I do Fixed Deposit for 3 years, I went from 11% to 6% in 3 years. He kept encouraging me to do Fixed Deposits and couldn't advise me on Treasury Bills. One day, I sat in Nairaland, took my time to go through all the available threads on Treasury Bills and came upon this one. Now my banker respects me because I call him, tell him what rates I am looking for and ask him to send me confirmation. Good luck. https://www.nairaland.com/878880/treasury-bills-nigeria/244 4 Likes |
Re: Bank Customers, Investors Shun Deposits For Treasury Bills by Fynebouy: 1:53pm On Aug 07, 2017 |
Acidosis: For those interested in learning about Treasury Bills, follow the Nairaland thread below. I came across this thread and changed my investment practice. My banker insisted I do Fixed Deposit for 3 years, I went from 11% to 6% in 3 years. He kept encouraging me to do Fixed Deposits and couldn't advise me on Treasury Bills. One day, I sat in Nairaland, took my time to go through all the available threads on Treasury Bills and came upon this one. Now my banker respects me because I call him, tell him what rates I am looking for and ask him to send me confirmation. Good luck. https://www.nairaland.com/878880/treasury-bills-nigeria/244 |
Re: Bank Customers, Investors Shun Deposits For Treasury Bills by davodyguy: 2:01pm On Aug 07, 2017 |
murphyrichy: lol. This one no be stock or shares You have 500K. Instead of taking it to the bank and be getting small interest, Give it to the federal government for development and in return, the fg gives you 18.5% and keep the money for 1 year. After 1 year, the FG gives you your money back 100%. 500k investment from 7/8/2017, you get N90,000 tomorrow 8/8/17 Next year you get your 500k back in full |
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