₦airaland Forum

davit:
Let's keep having posts like this. When we go to banks for updates, let's post same here for others to know what's going on. .

You are so on point with this

alfajohn:
was it redeemed online or through instruction in their office.

Mobile App

davit:
Secondary market rate today at Stanbic.

Thanks for this update. Thank God i didn't go to Stanbic today.

Gtb got sweet rates today

84 days 10.85%
175 days 13%
357 days 14.75%

emmasoft:
It's like that sometimes.

Really? Good of them then

Stanbic really impressed me yesterday. I redeemed fund at about 9am & got my account credited at about. 2.30pm

Though i have been getting same day credit, but usually between 6 to 8 pm

enemarieal:
Hi Please which bank did you get this rate, I approached a Access Bank, and i am getting just 13.5%.

Are they banks that usually offer better rates.

Thanks.

Stanbic ibtc... That was last week

Akerewe:
kudos madam, kindly buttress ur clue with figures. for instance, u invest 1million naira @15% pa. nd u invest both upfront interest along in d deal, how much will ur cumulative investment yield be @ maturity?

For the secondary, i invested just 600k, @14.2% for 356days. From the e'certificate mailed me, i'll be getting 696k at maturity. Note that some change of less than 500 naira was returned to my acct.

For primary, the interest was paid upfront, the rate was about 14.854% (from my calculations) for 364 days

Hope my explanation is clear

mahvie:
lol
dont be soo fast to jump into a conclusion. you could have gonr ahead to ask for clarification from the branch before "concluding"

@ mahvie, you wan pull my leg abi?
On a serious note, i haven't gone back to ask why it happened that way, i only based my conclusion on that single experience and again, if you've been able to reinvest through their primary mkt, pls share it

Me wey still dey operate small money level prefer to get both capital n interest at the end of the tenure

Since i've gained a whole lot of knowledge from this very thread, i equally want to give a little contribution based on recent experience with stanbic.
I submitted 2 forms to purchase tbills from both secondary mkt & primary (last auction), i gave instruction that both interest be reinvested, though no space in their form to fill in that.. Just told the banker who used biro to note it on the two forms.
Result i got.: The interest was reinvested for the secondary while that of primary was left smiling in my account.
Was i disappointed? YES
My conclusion based on the above, Stanbic can reinvest interest only if it's secondary & not primary auction

Any one with contrary experience fron stanbic may share

Abeg na the shape of the head make the difference

Mokuwe:
Its not just the stylist fault anyways, her head too big

xcitedjay:
I log in on a daily basis to view my account. Also same day payment reflection/liquidation can be achieved if action is carried out early enough.

Thanks Xcitejay.

That sounds encouraging . I'll work towards doing business with them

xcitedjay:
Go for Axa mansard. Better rates, better customer care. I dumped Stanbic for Axa mansard.

How about their online transactions? Can one access his\her account 247?

Investnow2017:
The charge is the same irrespective of the amount. The charge is actually by UBA their facilitator. Even if you redeem N10m, it is the same No fear

Ok. Thanks Mr Investnow. I appreciate your quick response.

Good day people. Some days ago i wanted to see if my online redemption page was active, i requested for N5.000. I got credited the following day with the sum of N4, 945. On the online receipt, i also saw penalty fee of N12.50k. The investment is above 2 months.

Pls are they supposed to charge me any amount?
Secondly, if they are to charge, what is the basis for charges, is it based on the amount redeemed?

Thanks as i await your response

Ok. I've seen it. I will give you a call 2morrow

It's quite on the high side. I can' t find your contact, would have called for further discussion

Vanije:
If you need Gufei Bao at an affordable rate Call +2347084430249

How much is it?

How much is the short braided wig? What's your delivery charge to Oshodi?

oppre26:
@skyangel
OP has an isolated case which I am sure will soon be resolved. The system works perfectly. My wife's Personal Membership units have been receiving daily income up till today. Should you decide to pick up unit(s), would you be so kind as to mention me as your referral? That is of course if there's no one else.... I hope to purchase a Business Unit within the week. I will return with another report and confirmation of payments for a full week after purchase.

Thanks for the response. I will name you certainly as not just my referral but also my mentor cause as i am typing, i only have naira in my naira account.
You are going to teach me the abc of its workings, how to go about it from opening pm account to changing my naira to pm & buying the unit etc. LOL
I hope i am not asking for too much ?

That sounds better.

I hope to get a unit soon, i just want to ensure the system is perfectly working before i do.

@ogo4god, any positive development?

I've forwarded it to Oye & Abdul, kindly forward to others that may ask. Thanks once more 2 Pidivine

U too much Pidivine, tnx & God bless u

@ pidivive pls kindly forward a copy to me at talk2angel01@yahoo.com Thanks

the answer is YES

oh boy, come see insult eeeeh  for the small question wey poster ask      na real wa for we people o

@ op, you can start with that if u live in that city presently. it is a matter of cutting ur coat according to ur cloth, u ll definitely survive

why cant u people just let her be

In benin, the bride is considered priceless and most families don't take a kobo from the groom, they only ask him to take good care of their daughter but they collect other traditional stuff as certain tubers of yam, cola nut,palm wine,& some others

i was on extra connect until yesterday when trying to check my credit i say pay go & all that it offers,i quickly added a zain & international number and since then,i must say i have been enjoying my pay go btw, i'm not interested in any magic number where i'll be charged

@Jakpayen, if i may ask, are u the same person as seunbanme ?
ur last post sounds so

OMG

@ zayhal
can't u see that ilade is not the op here