Singingbae:
House, please I'm a young investor. Please I want to be investing with the FBN asset management. Will get an account opened tomorrow, then, I'll deposit 20k monthly. Please how can I calculate my cumulative interest??
is interest quarterly??¿

Interest rates are published daily on their site as the days go by and business progress
https://fbnquest.com/asset-management/historical-funds/
You can't calculate your cumulative interest upfront because the rates fluctuates. But you can monitor your account and the interest been paid on the FBN Edge mobile app
And your acured interest can either be paid to your bank account or reinvest/compounded at the end of a quarter

Singingbae:
House, please I'm a young investor. Please I want to be investing with the FBN asset management. Will get an account opened tomorrow, then, I'll deposit 20k monthly. Please how can I calculate my cumulative interest??
is interest quarterly??¿

Interest is yearly, but compounding is quarterly

benedictuyi:

Interest is yearly, but compounding is quarterly

OK. Thank. Don't mind me, I'm a novice, meaning if the interest rate is 10%. Meaning I'll only get 10% per annum on 240k.
I'm not understanding

benedictuyi:

Interest is yearly, but compounding is quarterly

I can get small. It's compounding quarterly but they later pay it yearly.

Singingbae:


OK. Thank. Don't mind me, I'm a novice, meaning if the interest rate is 10%. Meaning I'll only get 10% per annum on 240k.
I'm not understanding

Exactly

Apus:
No show yet @FBN MMF. I'm beginning to run out of patience. My inflow is yet to be unitized(credited) since 31st DEC.

Brother don't run out of patient. You are troubling yourself for nothing. what is happening now is not unusual. If you deposited your fund before 12noon on the 31st Dec your interest is accrued from that day till when you see it reflects. No cheating. Systems are automated. Though I don't work there but the principle is the same as per mmf in most of the fund managers. Their softwares are similar. Relax. I am very sure by the time you are long in the business you will laugh at your current reactions right now.

Singingbae:
House, please I'm a young investor. Please I want to be investing with the FBN asset management. Will get an account opened tomorrow, then, I'll deposit 20k monthly. Please how can I calculate my cumulative interest ??
is interest quarterly??¿

I'm also experiencing the same thing, since on the 31th Dec.that I have transferred into my fbnquest mmf account, the money has not been remitted. I hope this will not lead to regret ���

fbn mmf sha. I credited their acct since on Sunday and up till now they have not acknowledged it.

Boyhood:

Interest rates are published daily on their site as the days go by and business progress
https://fbnquest.com/asset-management/historical-funds/
You can't calculate your cumulative interest upfront because the rates fluctuates. But you can monitor your account and the interest been paid on the FBN Edge mobile app
And your acured interest can either be paid to your bank account or reinvest/compounded at the end of a quarter

Thanks, does that mean, the average yield will be that of everyday? Like its the average over a year

Apus:
No show yet @FBN MMF. I'm beginning to run out of patience. My inflow is yet to be unitized(credited) since 31st DEC.

Fbn quest get keg, it's been 6 days now they are not adding any interest on my account, am I the only one experiencing this or is it general? Meanwhile, stanbic keeps adding up

I am also experiencing it..I think their charges are also quite high..

Akin3891:


Fbn quest get keg, it's been 6 days now they are not adding any interest on my account, am I the only one experiencing this or is it general? Meanwhile, stanbic keeps adding up

Hello please I need stanbic ibtc MMF account number, I want to do a transfer now

emmasoft:


Brother don't run out of patient. You are troubling yourself for nothing. what is happening now is not unusual. If you deposited your fund before 12noon on the 31st Dec your interest is accrued from that day till when you see it reflects. No cheating. Systems are automated. Though I don't work there but the principle is the same as per mmf in most of the fund managers. Their softwares are similar. Relax. I am very sure by the time you are long in the business you will laugh at your current reactions right now.

thanks brother! it's been sorted out. I was already used to the quarterly thing. This one was just unusually prolonged and I need some funds to sort out some urgent need.

Apus:



thanks brother! it's been sorted out. I was already used to the quarterly thing. This one was just unusually prolonged and I need some funds to sort out some urgent need.

No worries. You are welcome always

singletech:
Hello please I need stanbic ibtc MMF account number, I want to do a transfer now

9202476223

Morning all,
Is it possible to close my FBN Quest from the app - as in can I withdraw all my money through the app?

Pls I need someone to explain this statement to me I'm confused

Diversify your investment this year by investing in digital agriculture. You sponsor a farm for a specific period and receive a with mouth watery ROI. See my signature for details

Can someone explain this fbn fixed income fund for me please... Is it advisable to invest in it?

Oga enie pls is it that my money is decreasing or increasing

Akin3891:


Fbn quest get keg, it's been 6 days now they are not adding any interest on my account, am I the only one experiencing this or is it general? Meanwhile, stanbic keeps adding up

After failing to reflect my initial deposit on the app after 6 days of my making the deposit, it suddenly came up early this morning. I checked now again, I have been checking all day, my interest has not moved a kobo. Am I missing something guys? Please assist.

[quote author=whalexy07 post=85452545][/quote] Invest in Eurobond with Afrinvest. You'll get the best guidance, client service and returns.

FBNQuest!!!! Still waiting for their response. Let me not spoil their business yet. These guys are crooks .

Guys take random screenshots of your accrued interest every other day and at the end of each quarter (very important), they take out from your money!!! For people who have a few millions you might not notice because they take in thousands.

Let me just assume this is a glitch o. Cos they must vomit my money. I am closing the freaking account after getting to the bottom of this.

IyawoToBe:
FBNQuest!!!! Still waiting for their response. Let me not spoil their business yet. These guys are crooks .

Guys take random screenshots of your accrued interest every other day and at the end of each quarter (very important), they take out from your money!!! For people who have a few millions you might not notice because they take in thousands.

Let me just assume this is a glitch o. Cos they must vomit my money. I am closing the freaking account after getting to the bottom of this.

This is very true! My investment reduced by few thousands after the End of year interest accrued payment. I hardly check my account regularly until recently when I funded my account, and the amount did not reflect in my account, so I began some regular monitoring after it was rectified. I still haven't received any response to my email, or is it a sort of yearly account maintenance fee? This is strange...oga emmasoft, over to you sir. Something is not adding up!

faoogoke:


After failing to reflect my initial deposit on the app after 6 days of my making the deposit, it suddenly came up early this morning. I checked now again, I have been checking all day, my interest has not moved a kobo. Am I missing something guys? Please assist.

Interest of previous day reflects most times between 12noon and 2pm the next day and if weekend or public holiday same time the next business day.

IyawoToBe:
FBNQuest!!!! Still waiting for their response. Let me not spoil their business yet. These guys are crooks .

Guys take random screenshots of your accrued interest every other day and at the end of each quarter (very important), they take out from your money!!! For people who have a few millions you might not notice because they take in thousands.

Let me just assume this is a glitch o. Cos they must vomit my money. I am closing the freaking account after getting to the bottom of this.

I also noticed this yesterday. Over 5k was deducted from my account (management fee apparently) while few Naira was credited as accrued interest for many days. As I type, the last money I transferred for my account to be topped up is yet to reflect in my account. I seriously hope this is just an end of year hitch

seyisanya:


This is very true! My investment reduced by few thousands after the End of year interest accrued payment. I hardly check my account regularly until recently when I funded my account, and the amount did not reflect in my account, so I began some regular monitoring after it was rectified. I still haven't received any response to my email, or is it a sort of yearly account maintenance fee? This is strange...oga emmasoft, over to you sir. Something is not adding up!

Though I don't work with them but I needed to be of assistance to my people here. I found out that they made a mistake with the accrued interest. so in order to balance up. they have to withdraw the excess from clients account by way of redeeming the required units. If you noticed the accrued interest was invested then on the 6th there was redemption of some units. It was a mistake. I queried the person I spoke to that they should have explained to their customers. She apologized. That is how far I went with FBNQuest.. I hope this help.

Noticed same issue with FBN quest yesterday...I sent them a mail and this was their response

Thank you for your feedback.



Please note that the cancellation (redemption description) on your statement was as a result of accrual adjustment that was processed to reflect the true position of your investment.



We confirm that your investment position is correct.

We sincerely apologise for any inconvenience.



Thank you for choosing FBNQuest.


I personally think the error happened over one weekend when the accrued interest paid in was just much...unlike previous weekends...those who monitor their accounts closely may have noticed this as well..

E pain me Sha oh... mtchewwww

Hephzibahdrycle:

Pls what is the minimum one can invest in Stanbic ibtc mmf?

Starting amount is 5000 naira.

Also minimum topup amount is 5000 naira.

yungryce:


Entered the stanbic bank branch in Ogba since 24th of December. Yet to receive my account

I hope you have received ur E account number by now?

1stNumeroUno:
Morning all,
Is it possible to close my FBN Quest from the app - as in can I withdraw all my money through the app?

Hi All,
How can one retrieve password for app withdrawal on FBNQuest MMF?

I noticed the same thing on my account but they sent me this message via email.
They should have sent it sooner sha o.
-

Dear Esteemed Client,

We thank you for your continued patronage.

Please be informed that we will be conducting reconciliation activities on all customer accounts following the recent quarterly income distribution.

We sincerely apologise for any resultant delays in processing your requests, and are working to resolve all outstandings as a matter of priority.

Please contact your Relationship Manager for further clarification, email customercare@fbnquestmb.com, or call +2347080653190-4.

Thank you for choosing FBNQuest Asset Management.