htconeline:
Am not satisfy with firstbank been my first tym in TB.
So I went to the bank today, I told the lady at the desk that am yet to receive alart or sms after my money as been deduct from tueday morning. She said she as send my interest and it could be network since she's not the one sending the massage according to her.on my way going out I check my account and am still left with 0000.i was only giving certificate which she ask me to sign.
By the way I got 13.5 for 182 days tenor........which is still not ok by me.........
Pls what other bank allow you to place your bid .....
Cusss cbn issue 14.85 for 182 and I got 13.5 am not satisfy.

kaptinphilz:
I also got 13.5 from first bank for 182 days. I made enquiry and was made to understand that they do the bidding at their head office collectively and you get what you bid for as long as it's not more than cbn rate. That if the bank bid for 13% for example and the prevailing rate is 14.5% you will still get ur 13% and someone that bid 14.5% will get that for the same tenor. I think the best thing is to place ur own rate. It pains to let such a high rate slip out of one's fingers.

htconeline:
in the form u fill did you see space to place your bid.i thing every bank holder with FB got same rate.if am opportune to bid my self I go with 14.50
Just got alart for interest now.
i just

dunsinogundele:
please can i buy treasury bill using my first bank savings account?

kaptinphilz:
March 4 result from cbn site
91 days tenor=10.8%
182 days tenor=14.85%
364 days tennor=15.899%
I m still waiting for first bank notification. I don't know if thier bid is successful.

angelo82:
I just received alert for my other bills which mature today.............I hope this bank will allow me to bid for 364days also like my other bank........They are more sincere...............

tunai:
I do not know why GTbank keeps frustrating my tbills effort,I wrote a letter for 182days @ 13.5% which is far lower than CBN stop rate and yet they did not do the transaction.

I am beginning to lose my believe in this stupid bank, this is the second time this is happening back to back.

kaptinphilz:
March 4 result from cbn site
91 days tenor=10.8%
182 days tenor=14.85%
364 days tennor=15.899%

I m still waiting for first bank notification. I don't know if thier bid is successful.

just2endowed:


ask her if she got ur tb from the secondary market

Damolaskynov:


So sorry that this post is coming in so late. I got 15.08% for my 364-day tenor and 10.67% for my 91-day tenor from GT bank and both were GT bank's rate. I eventually stuck with GT bank even after initially threatening to withdraw my funds from them to another bank. I am happy with the interest on both,joor

Damolaskynov:


So sorry that this post is coming in so late. I got 15.08% for my 364-day tenor and 10.67% for my 91-day tenor from GT bank and both were GT bank's rate. I eventually stuck with GT bank even after initially threatening to withdraw my funds from them to another bank. I am happy with the interest on both,joor

Damolaskynov:


So sorry that this post is coming in so late. I got 15.08% for my 364-day tenor and 10.67% for my 91-day tenor from GT bank and both were GT bank's rate. I eventually stuck with GT bank even after initially threatening to withdraw my funds from them to another bank. I am happy with the interest on both,joor

tunai:
Please did you use the branch you opened your account or other branch and what was the process like cos I have tried twice now and Gtbank is not acting on my tbill purchase request . pls help with this info.

fphumie:

You simply get the rate you quote not the CBN stop rate. Anybody that quotes below CBN stop rates gets it while any rate above CBN stop rate is considered as not suitable. That is why it is primary bid. The bank is not to be blamed for your rate, even if you quote 10% n stop rate is 15% , you will be given 10%.

Bamz:


Same thing here. It's been a disaster since I decided to send instructions directly to my Fund Manager. I will be doing OTC bidding with Access for 6 months. Can't afford to wait for another 2 weeks.

I got an email though after complaining to the GT online customer care where one can send instructions if you're not in Naija or don't have access to go to the bank.

So best bet is never send email instructions directly to your fund manager, he/she can always claim they did not get it.
And if you are going to place your instruction at the bank, Monday morning would be perfect. You can always get the phone number of the staff that received your request to confirm on Tuesday morning if the request was filed.

Damolux01:
What is OTC bidding please?

fphumie:

Like to know if the rate was given to you by GTB cos my understanding of primary bid is that the customers have to quote their rate themselves

tunai:
Please did you use the branch you opened your account or other branch and what was the process like cos I have tried twice now and Gtbank is not acting on my tbill purchase request . pls help with this info.

Bamz:

Was it an email instruction you gave?

Sylverly:
If truely first bank accepts minimum of 100k for tbill..I think that is a better place to start. Pleasw , I would appreciate if someone could give me a " yes" as to confirm this statement...# just a yes, I would really appreciate..

Sylverly:
If truely first bank accepts minimum of 100k for tbill..I think that is a better place to start. Pleasw , I would appreciate if someone could give me a " yes" as to confirm this statement...# just a yes, I would really appreciate..

Onlytru:
Is good to see more Nigerians trying to invest their money for future financial security. Now the only two less risky investment that most Nigerians tend to go for his either Fixed Deposit Investment or Treasury Bills Investment (T-bills). I have been involved in both investment multiple times but after carefully review of my returns and the risks involve (which is pretty NADA to be candid) I can state with all confidence that Fixed Deposit investment is the best between the two.

Now before I let the cat out of the bag, let me quickly add that this simple logic I am about to unveil is only viable for folks that want to invest at least ₦2 million and up and also for a full calendar year because if you are planning to invest less than the stated amount (₦2 million) the interest rate plus the number of days of investment in your portfolio will not add up. Now let's get started---

Treasury Bills Investment
As we all are aware that treasury bills investment is the least risky investment out there with moderate return and plus the attractive rates folks are getting on it lately, thus making it the number one option for most folks to invest in but does the returns on this investment really worth the hype?! I do not think so...
For example Mister A has ₦5 million to invest in T-bills for 365 days at Bank 1. They offered him 14.5% (for the sake of this argument lets round it up to 15%). At the end of 365 days (1 YEAR) Mister A will receives ₦750k back in return after 1 Year

Fixed Deposit Investment
Now if Mister A takes the same ₦5 million to Bank 1 and request to fixed the same amount for 90 days (with automatic roll over after 90 days and insist on the same fixed rate) which most banks will offer Mister A 10% or more (but most folks will not agree with me but for the sake of argument let say he was able to get 10% for 90 days). At the end of 90 days Mister A will receives ₦500k in return X 4 = ₦2million cool cash. A return of 40% compare to 15% of T-bills for the same number of days.

As we all can see the return on Fixed Deposit is by far the best investment option between the two. As for me T-bills does not really worth the hype. Yall free to do your investigation.
Happy investing
¬ OnlyTru¬

presiade:
^^ It is not done that way, if wishes were horses... The rates are usually quoted in p.a. which means your fixed deposit at 10% will only give you 10%(less W/H tax) in a year, 5%(approx) in 182 days and 2.5% (less W/H tax) in 91 days. So which is better now?

Onlytru:
Is good to see more Nigerians trying to invest their money for future financial security. Now the only two less risky investment that most Nigerians tend to go for his either Fixed Deposit Investment or Treasury Bills Investment (T-bills). I have been involved in both investment multiple times but after carefully review of my returns and the risks involve (which is pretty NADA to be candid) I can state with all confidence that Fixed Deposit investment is the best between the two...

¬ OnlyTru¬

Onlytru:
Is good to see more Nigerians trying to invest their money for future financial security. Now the only two less risky investment that most Nigerians tend to go for his either Fixed Deposit Investment or Treasury Bills Investment (T-bills). I have been involved in both investment multiple times but after carefully review of my returns and the risks involve (which is pretty NADA to be candid) I can state with all confidence that Fixed Deposit investment is the best between the two.

Now before I let the cat out of the bag, let me quickly add that this simple logic I am about to unveil is only viable for folks that want to invest at least ₦2 million and up and also for a full calendar year because if you are planning to invest less than the stated amount (₦2 million) the interest rate plus the number of days of investment in your portfolio will not add up. Now let's get started---

Treasury Bills Investment
As we all are aware that treasury bills investment is the least risky investment out there with moderate return and plus the attractive rates folks are getting on it lately, thus making it the number one option for most folks to invest in but does the returns on this investment really worth the hype?! I do not think so...
For example Mister A has ₦5 million to invest in T-bills for 365 days at Bank 1. They offered him 14.5% (for the sake of this argument lets round it up to 15%). At the end of 365 days (1 YEAR) Mister A will receives ₦750k back in return after 1 Year

Fixed Deposit Investment
Now if Mister A takes the same ₦5 million to Bank 1 and request to fixed the same amount for 90 days (with automatic roll over after 90 days and insist on the same fixed rate) which most banks will offer Mister A 10% or more (but most folks will not agree with me but for the sake of argument let say he was able to get 10% for 90 days). At the end of 90 days Mister A will receives ₦500k in return X 4 = ₦2million cool cash. A return of 40% compare to 15% of T-bills for the same number of days.

As we all can see the return on Fixed Deposit is by far the best investment option between the two. As for me T-bills does not really worth the hype. Yall free to do your investigation.
Happy investing
¬ OnlyTru¬