b0rn2fuck:
Hope sensibilities topic continue making front page from today

FrenchWay:

Niger state.
Currently its about 20-25k. But I don't know if there are states that have them invheaper quantity.

In august or so, a bag would sell for like 50 and above

XXLDICK:
Treasury bills are loans sold by FG and usually have higher interest rates compared to fixed deposits


Fixed deposit on the other is a form of savings with some kind of restrictions and yields interest

For treasury bills, you have no access to your money until it's duration elapses unlike fixed deposits.

nnadychuks:
Nigerians lazy o. How will someone put money in the bank for a whole month and expect 30%?! Whereas with mental and physical work, he could get 250% with the same money under a month.

obashiakpu:



It is not calculated that way. That 12% is per annum and which will give you about 120k for a year and 30k for 90 days for N1m.

Yazmin:


Hello, This may be the basics as there might be others not stated here.

1. Nature: While Treasury bills (T Bills) are Government issued investment bonds , via the CBN, Fixed deposits (FD)are issued by Commercial banks.

2. Rates: T bills have higher interest payments compared to FD's. This is due to the higher rates paid on them for same trnors as the former.

3. Interest payment: T bills interests are usually paid to customers at the beginning of the investment while FD's are paid after the tenor has elapsed. For example if i invest in a 91 days T bills of 2million naira say,January 1, 2018, using the interest rate applicable i.e. 12%: The interest to be paid would be about N59,835.
This would be paid to me on January 1st. Then on March 31st (after 91 days), my N2million is again credited back to my account. For FD's , my interest and principal is given to me only on March 31st upon expiry, if I am investing in same tenor as the former.

4. Taxable interest: Interest paid on T bills are not taxable. FD's have a 10% Witholding Tax (WHT)paid on the interest given you by the bank.

5. Tenors: While T bills are only available (in primary bidding by CBN) for 91, 182 , & 364 days ((except for hard to find secondary bills by bank customers, who want to sell of before maturity), FD's can be invest for a period of 1 month to 12 months.

6. Flexibility: T bills are usually harder to sell off (liquidated)when you need immediate funds and before expiry. FD's could be liquidated within 30 minutes.

7. Security for loans: You can place your T bills ,or your FD's as collateral for loans with your bank. However, recently, most banks now prefer the latter to the former.

8. T bills do not stay on the banks books and balance sheet they move to CBNn However FD's stay on the bank books and can be given out as loans to other customers . Hence banks preferably for theor customers to do the latter rather than the former (for profit purposes).

9. A minimum amount of N500,000 is required to commence the former, the latter could start with as low as N100,000 for most banks.

10. T bills start with Letter T while FD's start with letter F....

I would add more later as the interest on the thread increases....watch out!!!!!

lemme go and join fuel queue before kachikwu increases it to N171 per liter!

bigpicture001:
...am baffled, not by your response alone,but by the so many like's you got from it..a simple question was raise about what the difference between two forms of investment are..instead of to broadly explain what they are.you instead delved into its differences in returns without actually saying what each of them are thereby still making people that don't know what they mean to still be awe as of what they mean.had you been.my student,i would have scored you 2/10. am surprised dou at the art of like's you got

ladyF:
I can't even use my money to do any of the above. I'd rather use it to buy bitcoin when it dips. Bitcoin is bae!

It's LadyF again.

ladyF:
I can't even use my money to do any of the above. I'd rather use it to buy bitcoin when it dips. Bitcoin is bae!

It's LadyF again.

Doerstech:


Just spotted that Withholding tax thing in the doc I collected from my bank when I went to enquire about these.

I understand there's a penalty for those that pulls out before the end of the fixed deposit tenure

guardiola:


12% is what you get in 12 months, so you effectively get 1% for each month, 90 days will be 3%.

Interests are quoted per annum

northvietnam:



I have done both...

Land do take time to appreciate but it's the safest for me.

Been into transport shaaa..
A cousin bought a truck (tipper) for 3.5m (2016), he traveled back abroad so I was looking after the teuck...

The first driver messed the truck up cuz he was related to us ( wasn't doing account weekly which is 60k dry season 45k to 50k raining season). After some months I returned the truck home then started consultation.

After all set and done, I took 400k and returned the truck better than it was when they bought it...

Then I put it up for higher purchase... I told our priest( catholic) and he also made the announcement in church service..

It took small time shaaa but I finally got a serious man.. he made deposit of 500k before he took the truck and is returning 62500 weekly... sometimes he do return double of the money in a week so we just do check and balance...

As I'm talking to you now, his conductor is begging secretly to couple a sound truck for him...
That he's ready for my terms and conditions...

You might not like the biz style but it's ok for me.

Banks will tell yo they want to bid for the TB , that you should deposit money in an account wich you can't withdraw again, once they are done with the biding of what ever they are bidding the money dsiappears.. and u will be making peanuts as gain

id2011:
What is the diffrence btw treasury bill buying and fixed money in account, pls becos i have a brother that want to go it. which one it's ok to invest on

Beress:

Based on this, it means N1m TB will give u N480k in one year... I think is cool sha

id2011:
What is the diffrence btw treasury bill buying and fixed money in account, pls becos i have a brother that want to go it. which one it's ok to invest on

Ferdinandu:
Seriously any topic that made FP and this your moniker appears on it then that topic has become insensible

Sage7:
TB- interest is received at the point of debit. FD- interest is received when it is terminated.

TB- tenure must be complete before termination. FD- you can terminate anytime.

TB- interest is slightly higher vice-versa

Ryabcool:
it makes sense if you're investing huge. You would my be having this mindset if you're investing a billion. You'd feel safer investing a billion naira in treasury bills than a business you're not completely sure will not make a loss. The wealthy enjoy the benefits of treasury bills than the average joe

ladyF:
I can't even use my money to do any of the above. I'd rather use it to buy bitcoin when it dips. Bitcoin is bae!

It's LadyF again.

Sage7:
TB- interest is received at the point of debit. FD- interest is received when it is terminated.

TB- tenure must be complete before termination. FD- you can terminate anytime.

TB- interest is slightly higher vice-versa

nnadychuks:
Nigerians lazy o. How will someone put money in the bank for a whole month and expect 30%?! Whereas with mental and physical work, he could get 250% with the same money under a month.

FrenchWay:

Niger state.
Currently its about 20-25k. But I don't know if there are states that have them invheaper quantity.

In august or so, a bag would sell for like 50 and above

nickxtra:
How will the beans preserved till August?

Beress:

Based on this, it means N1m TB will give u N480k in one year... I think is cool sha

olagbemi118:
how

Sage7:
TB- interest is received at the point of debit. FD- interest is received when it is terminated.

TB- tenure must be complete before termination. FD- you can terminate anytime.

TB- interest is slightly higher vice-versa

jeffery23:


same applies to fixed deposit?

Beress:

Based on this, it means N1m TB will give u N480k in one year... I think is cool sha

FrenchWay:
I rather use my money to buy 200 bags of beans from Niger.
Resell in August with almost 100% interest