chukzyfcbb:
See as everywhere cold,lol

Made enquires at my regular FBN branch about the current tbills rate, and they told me they don't do tbills there for now, that fixed deposit is the availay option.

Oya what's Fixed deposit rate, 1.5-1.7% for 6minths, what that feck!.

I stir the ship to FBN quest (money market ) and I am getting 6.3% down from 6.5% last week I made an enquiry

No where nice atallz....

Heyitsme:
Which is more advisable to do in this uncertain time, treasury bills or euro bond? Heard it’s possibility for a government to default on euro bonds because they can’t print dollars , but can never default on domestic bonds or treasury bills , as they could just print more money in time of uncertainty.

Akin3891:
Is there any urgent need to pull out funds from fbn money market because of covid19, I've got bulky funds in that investment. This morning, i wanted to withdraw total funds,but i say to myself, let me ask for more guidance before i proceed.

dandollar1:
stock up what?

Akin3891:
Is there any urgent need to pull out funds from fbn money market because of covid19, I've got bulky funds in that investment. This morning, i wanted to withdraw total funds,but i say to myself, let me ask for more guidance before i proceed.

Brownhypo:
Please great minds, I have this spare cash I wish to invest instead of leaving it untouched in my bank account. I'm new on this thread

9jatriot:
Fidelity Bank, one of my worst bank.

Dsticks47:



Right now I will advice you go for VGIF managed by investment one.
>>Guaranteed Rate

For More info check my signature.

Brownhypo:
Please great minds, I have this spare cash I wish to invest instead of leaving it untouched in my bank account. I'm new on this thread

olujaidi:


I don't have a problem with you selling, man must whack but this is selfish advice riddled with conflict of interest. Can't you proffer advice instead of peddling a product?



These are uncertain times. In uncertain times in Nigeria, cash, preferably Fx is king. You don't even know what the value of your currency will be tomorrow.

LaCremy:


Thanks, will look into it

fineguy11:
Invest in Nigeria's biggest MFB and get good ROI.

9jatriot:
That is just one of their issues. Concerning their network issue, imagine I tried to move 20k from that account to another account for use that day. After trying for more than 6 times and only one successfully going through. Imagine my shock later in the day for up to 6 transfers happening later, so if I was paying a vendor with a transfer that day, that is how I would have paid 120k for a service or product of 20k and then we will start speaking English for a refund.
That is just one of my many experiences. They are also one of the only banks that require you to physically submit a form at the bank for TB, Firstbank does that but you can also be sure that the transaction will go through since you do not have to put a rate. With Fidelity, your form will not be accepted if you do not put a rate, which means that if the rate doesn't work, your money will be in the bank for another 2 weeks and if your rate again doesn't work, you will keep trying thereby losing money and manhours of going back and forth to the bank. It was a torid experience for me, thank God I no longer have to do TB with them.

tukopy:


The TB challenges you faced with the bank is surprisingly strange to me. I must say maybe it Depend on the Branch.

I helped a client bid for the last auction on TB and it went through. My client lives in the States. All he needed was to send me his instructions and I sealed the transaction over here.
Him and other clients of mine has been using this procedure on transactions for a long time now.

Banking is Mobile bro.

kristien4:
Lapo boss how far , I have some funds in lapo fixed deposit already, should I withdraw my funds now because of this corona virus issue. The reason being that markets are closing down, and probably banks soon. And Lapo is a major lender to these market and business persons. Once markets/business closes, debtors will default and my funds might get stuck... what do u think. I need your genuine opinion and the opinion of others on this thread.

olujaidi:


I don't have a problem with you selling, man must whack but this is selfish advice riddled with conflict of interest. Can't you proffer advice instead of peddling a product?



These are uncertain times. In uncertain times in Nigeria, cash, preferably Fx is king. You don't even know what the value of your currency will be tomorrow.

olujaidi:


I don't have a problem with you selling, man must whack but this is selfish advice riddled with conflict of interest. Can't you proffer advice instead of peddling a product?



These are uncertain times. In uncertain times in Nigeria, cash, preferably Fx is king. You don't even know what the value of your currency will be tomorrow.

Dsticks47:


“Please great minds, I have this spare cash I wish to invest instead of leaving it untouched in my bank account. I'm new on this thread”

From his post I feel he is new to investment and his risk appetite will be very low.

Advising such person to go into FX?

We all have our risk appetite.

Don’t invest in what you don’t understand. “ Tope Omojokun”

fineguy11:
Why not put it in fixed deposit ?

gogedda:
Hello house, pls does Stanbic have any high yielding interest savings account? Or does anyone know their current interest rate for fixed deposit? Thanks

C505:
Hello house. Can someo knowledgeable explain this?

I've been doing target savings with gtb and this is the 3rd month with zero interest. I've also read here people say target savings is more better than t bills for now cos of their interest.

Does it appear gtb don't issue interests on t. Savings or what?

tipzy001:
do you withdraw from the account? I think that's the reason why. Most savings account have clause of not more than three withdrawals for a month

tipzy001:
do you withdraw from the account? I think that's the reason why. Most savings account have clause of not more than three withdrawals for a month