AreaFada2:



Rats & termites might help you keep them "safer" from there.

Lolz. Them never born the rat and termites

Godmother:


Lolz. Them never born the rat and termites

Wo, 9ja rats & termites are rugged in this recession now o. Nor be small.

Omoluabi16:
treasury bills? I've had some money in fixed deposit giving me good returns, but this recession spoilt it. Pls can you just explain more about TB's. My money can be idle for as long as 2years. Thanks.

You can get more information here

https://www.nairaland.com/878880/treasury-bills-nigeria

ugonna1054:
if I put 100k in treasury bill for 90 days, how much ll I get after 3 months??

Try the spreadsheet in this link

https://www.nairaland.com/878880/treasury-bills-nigeria/212#49454079

Icon79:




Are you guys serious? Does T Bills offer a better interest rates than the Fixed Deposit?

Godmother and @7footre, abeg comment. If so I will move my money to T-bills once it matures in a few months.

Please see below the outcome of the Treasury Bills Primary Auction which held on January 18, 2017:

PRIMARY MARKET AUCTION RESULT

TENOR (DAYS) STOP RATE

91 days 13.899%

182 days 17.25%

364 days 18.649%

You can read more about TBills on the following thread

https://www.nairaland.com/878880/treasury-bills-nigeria/248

Courtesy @feelamong

Roseey0:

Lending your money to Nigerian govt .
Interest is paid upfront.
As at Oct/ Nov last yr, interest rose to about 17℅.
Most Nigerian bank accept from 500k and above with option of 30, 90, 180, 365 days

Thank you. Which of the banks accept lesser

Sorry for derailing.
I want to know how much is the maximum amount of money that can be deposited once with causing an alarm in a savings account? First bank precisely or any other banks in Nigeria.

And how much too can be the maximum amount in a savings account.

And how much can be deposited into a current account.

Thank you

Adesiji77:


Please see below the outcome of the Treasury Bills Primary Auction which held on January 18, 2017:

PRIMARY MARKET AUCTION RESULT

TENOR (DAYS) STOP RATE

91 days 13.899%

182 days 17.25%

364 days 18.649%

You can read more about TBills on the following thread

https://www.nairaland.com/878880/treasury-bills-nigeria/248

Courtesy @feelamong

Wow, didn't know you could get up to 18% if you left the money for up to a year. I did for just 91 days the only time I did it.

7footre:
1st bank and ecobank try for mua .... but if you don't have immediate need for the money, you can try treasury bills.. it's safe and much better

How will one go about the Treasury Bills investments? Thanks in advance!

omoharry:
Is ARM good recommendation for investment?

ARM is a reputable investment firm. This is not an endorsement

cc: davide470

Godmother:


Wow, didn't know you could get up to 18% if you left the money for up to a year. I did for just 91 days the only time I did it.

The longer the tenor/duration, the higher the interest rate.

Note that the rate is not constant; it changes in line with market conditions...

franchuks:


How will one go about the Treasury Bills investments? Thanks in advance!

Pretty simple! Visit your bank and indicate your desire to invest. They may ask you to fill a form and/or write an application letter.

You can read more here

https://www.nairaland.com/878880/treasury-bills-nigeria/248

Adesiji77:


ARM is a reputable investment firm. This is not an endorsement

cc: david.e470

Lol. Of course, ARM is a reputable firm.

Cc: Omoharry

franchuks:


How will one go about the Treasury Bills investments? Thanks in advance!

Just walk into your bank and tell them you want to buy Tbills and insist on buying from the primary market... you can check out the treasury bills thread in the investment section of nairaland...

yedidiah:
Certainly not eco bank. They deduct more than they pay so at the end of the month, your balance doesn't go up but down.

Are you sure you do not withdraw more than 3 times a month?. I was told by the Bank officials that Interest can only be paid to me if i did not withdraw more than 3 time in a month.
You can ask them in your Bank for the % of interest paid, am not sure if is fixed of negotiable.

okomummy:


Are you sure you do not withdraw more than 3 times a month?. I was told by the Bank officials that Interest can only be paid to me if i did not withdraw more than 3 time in a month.
You can ask them in your Bank for the % of interest paid, am not sure if is fixed of negotiable.

thanks, I'll note that from February.

Roseey0:

Lending your money to Nigerian govt .
Interest is paid upfront.
As at Oct/ Nov last yr, interest rose to about 17℅.
Most Nigerian bank accept from 500k and above with option of 30, 90, 180, 365 days

what are the risk involved in treasury bill?

pat077:
what are the risk involved in treasury bill?

The only risk I see is your inability to maybe invest and get higher returns in other things because your money has been invested in treasury bills.
TB has the highest guarante of recovering your capital any day any time. Govt cannot get that broke. Last last, Cbn will print your money.

Check my signature for the best interest rate when it comes to financial aid platform . My best bank is GHW.

Roseey0:

The only risk I see is your inability to maybe invest and get higher returns in other things because your money has been invested in treasury bills.
TB has the highest guarante of recovering your capital any day any time. Govt cannot get that broke. Last last, Cbn will print your money.

OK.

jist2day:
invest in Gold.
Invest in Eagle Aurum Company.
only €40 euros, onetime.
for life. thank me later.

It has crashed or what i put my €40 but i have not seen the gold

I don't know, as I withdraw more that 3 times from my Accounts, but there is this Diamond account that I opened last December; I was given #1.95 on #1000 at the end of the month, then at the end of January, I was given #3.9+ on same #1000.

Agent23:
It has crashed or what i put my €40 but i have not seen the gold

why do things out of ignorance. Do you think Eagle Aurum is mmm? seek knowledge.why not not ask for training before sign up. Its your burden,carry it or seek help.

Leadway Assurance have better options, I work there,you can contact me via whatsapp on 08069118461.

Watch this video for Why you should never save your money in a savings account, and the best alternative ways to save your money instead.


https://www.youtube.com/watch?v=q-41lcfeLig&index=6&list=PLchmjliHm8o_r7g87g9UgWotN9hR7dIR5

olujaidi:




GTBank is still at 3.6%. Diamond bank (HIDA) is still at 4% for N1m and above. I confirmed the rates from GTB CC and my account officer at DBP. Plus, it should also be factored in that interest will be forfeitured after 3 withdrawals

Is this still the current rate with GTBANK? 3.6% Per annum ?

And is there any VAT charged on the 3.6%?

Landmark445:
Is this still the current rate with GTBANK? 3.6% Per annum ?

And is there any VAT charged on the 3.6%?

Currently? I don't know. Contact their CCare

As for VAT, there isn't. But withholding tax will be deducted

We are into borrow people money to finance their business with collateral.
Interest rate open for discussion


Call 09051668091

Fundall, a fintech platform that helps people automate their online savings gives about 10-15 % Interest per annum

olujaidi:




GTBank is still at 3.6%. Diamond bank (HIDA) is still at 4% for N1m and above. I confirmed the rates from GTB CC and my account officer at DBP. Plus, it should also be factored in that interest will be forfeited after 3 withdrawals

Hello sir, please what is GTbank interest rate on standard savings account as at today