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3 Million Naira Investment 4 7% Interest On Fixed Deposit - Investment - Nairaland

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3 Million Naira Investment 4 7% Interest On Fixed Deposit by Negro1986(m): 2:57pm On Jul 24, 2015
Please guys help me out in this little dilemma that am having right now. I have 3 million naira in my savings account that is idle for now but I want to invest it by putting it into fixed deposit till my business picks up after d raining season. I met my banker in one of the commercial banks that am using and I told the person that I want to fix the money for a period of 3 months so that by November I will pull d money and continue my business, he told me that the interest is 7% of my 3 million. However I am thinking that 7% is too small or is it a good business idea. Please if you know any commercial bank that can give me a higher percent interest rate then share with me, I would be very glad to know. Any other better suggestions for other banks are welcomed.. The bank I went to is first bank.

Thanks
Re: 3 Million Naira Investment 4 7% Interest On Fixed Deposit by ernie4life(m): 3:04pm On Jul 24, 2015
Negro1986:
Please guys help me out in this little dilemma that am having right now. I have 3 million naira in my savings account that is idle for now but I want to invest it by putting it into fixed deposit till my business picks up after d raining season. I met my banker in one of the commercial banks that am using and I told the person that I want to fix the money for a period of 3 months so that by November I will pull d money and continue my business, he told me that the interest is 7% of my 3 million. However I am thinking that 7% is too small or is it a good business idea. Please if you know any commercial bank that can give me a higher percent interest rate then share with me, I would be very glad to know. Any other better suggestions for other banks are welcomed.. The bank I went to is first bank.

Thanks

We will give you 9% for three months, net( no withholding tax)
Re: 3 Million Naira Investment 4 7% Interest On Fixed Deposit by Negro1986(m): 5:01pm On Jul 24, 2015
ernie4life:


We will give you 9% for three months, net( no withholding tax)
Which company/ bank, and what and what is involved, please specify
Re: 3 Million Naira Investment 4 7% Interest On Fixed Deposit by ernie4life(m): 6:11pm On Jul 24, 2015
Negro1986:
Which company/ bank, and what and what is involved, please specify

investment one financial services,(formerly GTB asset management) all you need is to open an account with us and transfer the money to our GTBank account.
you can check www.investment-one.com
Re: 3 Million Naira Investment 4 7% Interest On Fixed Deposit by OCTAVO: 11:55pm On Jul 24, 2015
^^^^^^Hmmmmmmmm angry
Re: 3 Million Naira Investment 4 7% Interest On Fixed Deposit by freeman67: 12:10am On Jul 25, 2015
I believe Stanbic IBTC would offer offer 10% for it if you have an account there or...
Re: 3 Million Naira Investment 4 7% Interest On Fixed Deposit by Ty207: 7:10am On Jul 25, 2015
Negro1986:
Please guys help me out in this little dilemma that am having right now. I have 3 million naira in my savings account that is idle for now but I want to invest it by putting it into fixed deposit till my business picks up after d raining season. I met my banker in one of the commercial banks that am using and I told the person that I want to fix the money for a period of 3 months so that by November I will pull d money and continue my business, he told me that the interest is 7% of my 3 million. However I am thinking that 7% is too small or is it a good business idea. Please if you know any commercial bank that can give me a higher percent interest rate then share with me, I would be very glad to know. Any other better suggestions for other banks are welcomed.. The bank I went to is first bank.

Thanks
Is the 7% for 3months?
Re: 3 Million Naira Investment 4 7% Interest On Fixed Deposit by feelamong(m): 7:17am On Jul 25, 2015
Why not go and buy Treasury Bills. You can get as much as 10% pa there....
Re: 3 Million Naira Investment 4 7% Interest On Fixed Deposit by Acme77: 8:15am On Jul 25, 2015
@op
please accept feelamong opinion.
Re: 3 Million Naira Investment 4 7% Interest On Fixed Deposit by Negro1986(m): 2:45pm On Jul 25, 2015
Thank guys for your replies
Re: 3 Million Naira Investment 4 7% Interest On Fixed Deposit by olumyde5(m): 7:14am On Jul 27, 2015
ernie4life:


investment one financial services,(formerly GTB asset management) all you need is to open an account with us and transfer the money to our GTBank account.
you can check www.investment-one.com

I will like to put some funds in fix deposit too. Can I get a break down of the interest rate viz a viz the amount of cash fixed?
Re: 3 Million Naira Investment 4 7% Interest On Fixed Deposit by ernie4life(m): 8:35am On Jul 27, 2015
olumyde5:


I will like to put some funds in fix deposit too. Can I get a break down of the interest rate viz a viz the amount of cash fixed?

Send me a pm let's talk
Re: 3 Million Naira Investment 4 7% Interest On Fixed Deposit by cantiride2: 10:33am On Jul 27, 2015
Hello have you taught abt treasury bills.
Re: 3 Million Naira Investment 4 7% Interest On Fixed Deposit by sexaddict08(m): 1:45pm On Jul 27, 2015
olumyde5:


I will like to put some funds in fix deposit too. Can I get a break down of the interest rate viz a viz the amount of cash fixed?

be careful not to end up loosing the N3m....
don't go for the highest, go for what is credible.
Re: 3 Million Naira Investment 4 7% Interest On Fixed Deposit by lionshare: 1:59pm On Jul 27, 2015
ernie4life:

We will give you 9% for three months, net( no withholding tax)

You mean 9% per annum or quarterly? Please explain...
Re: 3 Million Naira Investment 4 7% Interest On Fixed Deposit by ernie4life(m): 2:03pm On Jul 27, 2015
lionshare:


You mean 9% per annum or quarterly? Please explain...

Per annum of course

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