egopersonified:


Chai, I have really been mugulized, I have being fixing at first bank at 7.5%

angelo82:
For one of my T.Bills that matured recently,my bank is proposing 13% on 10M for 350days.......Do you think I should wait till next auction or accept the offer?

angelo82:
For one of my T.Bills that matured recently,my bank is proposing 13% on 10M for 350days.......Do you think I should wait till next auction or accept the offer?

unite4real:


please dont accept. they are selling to you from their books. or better still ask them to give you at 14.5% which i think is fantastic deal else, you wait till next auction but the bank may frustrate you during the auction if you peg a bid rate with them.

i will advice you use another bank.

tolutweety:



That rate is quite low.
_you should be able to get a higher rate for 365days.
I ll advice you decline the offer #my2cents

angelo82:
Just 9days before the next auction......I think the best thing is to wait coz I can't accept 13%......If they offer 14%,I will accept but it seems they are too greedy.......

ACL:
please what does the quoted word below means


"Upon maturity, your investment proceeds will be credited into your account (******0914) on 07 May 2015. Kindly note that your investment is subject to a custody fee of 0.0900% on the Face Value of asset over the tenor deducted from the upfront interest."



i just got my TBills investment advice from diamond bank, saying 9.5% for 160days days meanwhile i was told interest was 10.5% when i was applying for it.

unite4real:
What do you guys advice for next week auction for 364 days tenor.

To bid for PREVAILING RATE or to bid 15%. I dont want to miss out.

debbydee:
Good morning house I need clarification on this TB issue i was informed it will be pro rata.
Now assuming i am having 600,000 for TBs what will be credited to my account using the last bid of 10.333. (91days)
someone please assist.

unite4real:


Anyways, you have to calculate 10.333% of 600,000 first. the result you get is Per Annum interest (ie 61,998 is P/A interest).
Since your bid is for 91 days, it means 1/4 of 364 days. you now divide the interest by 4. (61,998/4 = 15,499.5) this will give you your actual interest for 91 days.

or better still, after calculating 10.333% of 600,000. the result is interest for 364 days. from there, calculate what one day interest will be by dividing the result by 364 (61,998/364 = 170.324). and then multiply it by 91 days (91X170.324=15,499.5) or any number of bid days you got to have your final or true interest.

kaptinphilz:
I was told by gtb today that the minimum amount one can invest for NTB is 250000.pls has anyone invested below that successfully like 150000.tnx.

angelo82:
For one of my T.Bills that matured recently,my bank is proposing 13% on 10M for 350days.......Do you think I should wait till next auction or accept the offer?

obiak4:

too too low try another bank should be 15% or more try dbank or better still diversify

obiak4:

too too low try another bank should be 15% or more try dbank or better still diversify

angelo82:
Thank you!I ignore the offer completely as am anxiously waiting for next week for a successful bid.......

kaptinphilz:
I was told by gtb today that the minimum amount one can invest for NTB is 250000.pls has anyone invested below that successfully like 150000.tnx.

sCross:


I don't think so! I did 120 less than 3 months ago. I just sent a mail to my account officer and that was it.

The caveat is that you can't determine your rate. It's determined by gt

Bamz:


I think you might be right about this
But from what amount could you chose your desired rate?

Tunee:
went to diamond bank today and was given the rates for today as 10.5% for 91 days and 12.5% for 133 days.