₦airaland Forum

NL1960:
I do not use GTB online banking as i did not register for it. I have the debit alert on my account as well as the TB advice by email.

I dint even get any advice email....
My Accounting officer showed me the one she has with her on her system...which shows that it has been treated....but it has not been updated in my Treasury bills account...that's my worry

chyima:
there is something I noticed about GTb rate it has never exceeded 18.1%,since the beginning of this year.is this on purpose or they trade above this rate and 'hijack' the excess above that for their company gain.
I had to start using Stanbic when it was becoming consistent,who else has noticed it

I equally use Stanbic. I had the option of moving the funds to Stanbic but decided against it as the difference is not much. Stanbic is my main bank. I opened the GTB account for a purpose and when the amount was substantial, i decided to use it for TB with them while i still continue the purpose.

I invested 3m in treasury bills for 182 days at 17%. The maturity date is Nov 4th.

What is the procedure for termination?
How much will be deducted from the said capital?

Urgent reply.

Xlpacks:
Hello guys,
I've heard a lot about TB and Mutual Fund. There are some questions I would love to ask before I dive into any of the two.
1: which one pays more interest?
2: can I withdraw my money even before the maturity date? (Incase of emergency)
3: which one is more secure?
4: What's the minimum amount to be invested?
5: will the interest be paid directly into my bank account or will I need a new account for it?
6: which Bank offers the best rate?

1. TBills
2. Yes in both
3. TBills
4. TBills ~100k : Mfund ~5k
5. Yes ..directly same acct
6. Stanbic IBTC

RealityShot:
1. TBills
2. Yes in both
3. TBills
4. TBills ~100k : Mfund ~5k
5. Yes ..directly same acct
6. Stanbic IBTC

OK.. Thank you. I will visit stanbic when I'm chance

pafra:
I invested 3m in treasury bills for 182 days at 17%. The maturity date is Nov 4th.

What is the procedure for termination?
How much will be deducted from the said capital?

Urgent reply.

no money is "deducted" from your Capital.

the deduction is done on your Interest earned so far.

you have earned about 200k after 5 months..

If you terminate now, you will be charged ~5% on that 200k gained.

So 3m - 10k = 2.99m will be returned to you.

Therefore you still make ~190k overall.
NO CAPITAL LOSS

FOR TERMINATION:
go back to the officer who did the TBills for you and tell him you want to terminate.

When is the next TB auction?

NL1960:
https://www.nairaland.com/1912965/mutual-funds/36

Thank's .

please experts in the house.. in need of advice... Uba were unable to rollover my investment due to excuses I cannot understand but they are offering 323 days tenor at the secondary market or I should bear with them and wait for the next auction...which of the suggestion is business wise?

What is the rate on offer?

punae:
please experts in the house.. in need of advice... Uba were unable to rollover my investment due to excuses I cannot understand but they are offering 323 days tenor at the secondary market or I should bear with them and wait for the next auction...which of the suggestion is business wise?

punae:
please experts in the house.. in need of advice... Uba were unable to rollover my investment due to excuses I cannot understand but they are offering 323 days tenor at the secondary market or I should bear with them and wait for the next auction...which of the suggestion is business wise?

Of the rate is reasonable, then go with it....!

pafra:
I invested 3m in treasury bills for 182 days at 17%. The maturity date is Nov 4th.

What is the procedure for termination?
How much will be deducted from the said capital?

Urgent reply.

Can u revert back to the forum when u finish terminating your tbill for others to learn.

Goodluck

Gavrelino123:
Of the rate is reasonable, then go with it....!

18%......And considering the amount am investing I tend to gain 100k if I am successful at the primary market??

pafra:
I invested 3m in treasury bills for 182 days at 17%. The maturity date is Nov 4th.

What is the procedure for termination?
How much will be deducted from the said capital?

Urgent reply.

Simply write a letter to your bank's branch manager, titled termination of NTbills , and if you're around for quick replies, you would be shown available rates and you have the final say. But most times you would get less than the amount you invested, since your interest have been paid to you upfront.

AkDave1:
What is the rate on offer?

18%

punae:
18%......And considering the amount am investing I tend to gain 100k if I am successful at the primary market??

Mehn Go for it......it's a good one...
Stories might come in next Primary Auction..!!
I advise you go with it...

Houstency:
Simply write a letter to your bank's branch manager, titled termination of NTbills , and if you're around for quick replies, you would be shown available rates and you have the final say. But most times you would get less than the amount you invested, since your interest have been paid to you upfront.

Was this successful?
And which bank please?

emmanuelewumi:
Foreign currency, stocks, real estate, gold, have a business, etc

How does investment in gold work?

freeman67:
How does investment in gold work?

You don't have to buy the actual gold. You can buy an index fund or exchange traded fund that will move the same way as gold prices.

katamo:
You don't have to buy the actual gold. You can buy an index fund or exchange traded fund that will move the same way as gold prices.

Thanks bro but I will still need more input from Oga Emma

got debited today, first bank. how long more before I get my interest

Gurus in the house i appreciate the good work u people are doing here. What is diff buying TB in primary and secondary mkt. which is good to go for?

Hello GT customers, please don't panic about your investment not showing on your internet banking platform, it's the least of things that should worry you. It's a system glitch and you will wàke up one day to see it again. Am sure you would have received an electronic debit àlert and possibly investment statement. One thing you should ensure is to get your investment certificate always done on their letter head. I am a gtb customer for 13yrs and deal in TB with them since some years now so I have experienced several including this one.

However, I stopped dealing in TB with them because they started playing games. Example, in the last auction they offered 364days to investors at 18.1% as mentioned here while stanbic offered 18.28% thereabout. That's a big gap, it appears they are making some spread on investors fund because I do not see reason why they would bid this low at 18.1% when the last marginal rate from upper week's bid was about 18.5%.

Gavrelino123:
Good morning
Have you checked if it's reflecting on your Treasury Bills online banking Account..?
I'm worried because mine is not still reflecting only my old investments maturing next month is there..

Hello GT customers, please don't panic about your investment not showing on your internet banking platform, it's the least of things that should worry you. It's a system glitch and you will wàke up one day to see it again. Am sure you would have received an electronic debit àlert and possibly investment statement. One thing you should ensure is to get your investment certificate always done on their letter head. I am a gtb customer for more than 10yrs and deal in TB with them since some years now so I have experienced several including this one.

However, I stopped dealing in TB with them because they started playing games. Example, in the last auction they offered 364days to investors at 18.1% as mentioned here while stanbic offered 18.28% thereabout. That's a big gap, it appears they are making some spread on investors fund because I do not see reason why they would bid this low at 18.1% when the last marginal rate from upper week's bid was about 18.5%.

Gavrelino123:
Good morning
Have you checked if it's reflecting on your Treasury Bills online banking Account..?
I'm worried because mine is not still reflecting only my old investments maturing next month is there..

Good observation NL, this is also part of the post I just shared now. Those guys are playing a terrible game there. I am still looking for that CBN regulation that allows banks or any agency to make spread on investors capital apart from those known statutory fees for TB.

chyima:
there is something I noticed about GTb rate it has never exceeded 18.1%,since the beginning of this year.is this on purpose or they trade above this rate and 'hijack' the excess above that for their company gain.
I had to start using Stanbic when it was becoming consistent,who else has noticed it

Gavrelino123:
Good evening...
Any updates.?

Checked few mins ago ..its reflecting now amongst the rest ..Yours should be showing now as well

walexlo78:
Hello GT customers, please don't panic about your investment not showing on your internet banking platform, it's the least of things that should worry you. It's a system glitch and you will wàke up one day to see it again. Am sure you would have received an electronic debit àlert and possibly investment statement. One thing you should ensure is to get your investment certificate always done on their letter head. I am a gtb customer for 13yrs and deal in TB with them since some years now so I have experienced several including this one.

However, I stopped dealing in TB with them because they started playing games. Example, in the last auction they offered 364days to investors at 18.1% as mentioned here while stanbic offered 18.28% thereabout. That's a big gap, it appears they are making some spread on investors fund because I do not see reason why they would bid this low at 18.1% when the last marginal rate from upper week's bid was about 18.5%.

Thanks and God bless you.......It really disturbs me whenever i think of it.....I will visit my branch tomorrow to collect my Investment Certificate.....!!!!
Because I dint get the Investment letter by Mail i only got the Debited discounted principal....!!
I just can't wait for them to fix the system glitch..

Ibukun003:
Was this successful?
And which bank please?

Yes sir.. FBN. Posted my ordeals here , if you scan through earlier pages you get to see it.

Kevostica:
Gurus in the house i appreciate the good work u people are doing here. What is diff buying TB in primary and secondary mkt. which is good to go for?

In primary market you buy directly from CBN while in secondary market you buyer from those that bought before and want to sell. In banks like FBN you can roll over your investment if done in the primary market but that of secondary market will drop in you account immediately it matures...
I hope this helps.

freeman67:
In primary market you buy directly from CBN while in secondary market you buyer from those that bought before and want to sell. In banks like FBN you can roll over your investment if done in the primary market but that of secondary market will drop in you account immediately it matures...
I hope this helps.

Thank you for this explanation. primary and secondary market do they attract the same rate of return?

walexlo78:
Hello GT customers, please don't panic about your investment not showing on your internet banking platform, it's the least of things that should worry you. It's a system glitch and you will wàke up one day to see it again. Am sure you would have received an electronic debit àlert and possibly investment statement. One thing you should ensure is to get your investment certificate always done on their letter head. I am a gtb customer for 13yrs and deal in TB with them since some years now so I have experienced several including this one.

However, I stopped dealing in TB with them because they started playing games. Example, in the last auction they offered 364days to investors at 18.1% as mentioned here while stanbic offered 18.28% thereabout. That's a big gap, it appears they are making some spread on investors fund because I do not see reason why they would bid this low at 18.1% when the last marginal rate from upper week's bid was about 18.5%.

Good to know that you escaped GTbank wayo. Though it wont harm their customers to that much, but they could be making 0.18% minimum for there entire tbills Secondary market base. Thats why they encourage Secondary market.