My annoyance is that MPR is 18% NTB is 14.% and Stanbic is still on 8.%
Na wa ooo

Apitch:
My annoyance is that MPR is 18% NTB is 14.% and Stanbic is still on 8.%
Na wa ooo

Absolutely. This could have been a good period to build some interest

Hmm. Na this period dey sweet pass, almost organismic in intensity. 🤭

Received my quarterly payment today. Slightly lower than the Jan payout, but still good all the same.

As Sgtponzi will say, we must all be rich.

Kudos to ARM! 👍

Apitch:
My annoyance is that MPR is 18% NTB is 14.% and Stanbic is still on 8.%
Na wa ooo

The TB's leap to 14% was just at the last auction; before then it had hovered 8-9% for the past weeks.

So if it is maintained or increased (I hope!) then we should expect better yields in months to come.

bjtinz:
Hmm. Na this period dey sweet pass, almost organismic in intensity. 🤭

Received my quarterly payment today. Slightly lower than the Jan payout, but still good all the same.

As Sgtponzi will say, we must all be rich.

Kudos to ARM! 👍

igbizen:
Stanbic MMF is becoming too slow in updating account. This is evening already and weekend returns have not be updated. Even to reinvest earnings for the month of March is yet to be done.
@emmasoft and ponzihater what is happening? This is unlike stanbic

Don't worry everything will be in place. It's end of quarter things.
Remember stanbic has a lot on the table.
However, be rest assured that all accrued interest will reflect accordingly and the value date for your reinvestment will be adjusted in accordance with the rule of the MMF.

igbizen:
Stanbic MMF is becoming too slow in updating account. This is evening already and weekend returns have not be updated. Even to reinvest earnings for the month of March is yet to be done.
@emmasoft and ponzihater what is happening? This is unlike stanbic

Reinvest profit for March? I thought they are supposed to pay quarterly profits made up of January, February and March?

lolaluv1:


Reinvest profit for March? I thought they are supposed to pay quarterly profits made up of January, February and March?

You are still on the old bus

emmasoft:


Don't worry everything will be in place. It's end of quarter things.
Remember stanbic has a lot on the table.
However, be rest assured that all accrued interest will reflect accordingly and the value date for your reinvestment will be adjusted in accordance with the rule of the MMF.

Good Day Boss is it that other Banks the like of Access bank dont offer mutual fund,treasury Bill and so on. Just asking for my saké House

lolaluv1:


Reinvest profit for March? I thought they are supposed to pay quarterly profits made up of January, February and March?

Some investors prefer their profits re-invested automatically, and have applied for this option.

lolaluv1:


Reinvest profit for March? I thought they are supposed to pay quarterly profits made up of January, February and March?

Generally, most of the MMF managers reinvest accrued interest quarterly. Stanbic is an exception, they choose to reinvest investors accrued interest monthly. They started this year January as against the random reinvesting before now. Check your account, you would have seen the reinvested interest of January and February.

The above is the default arrangement, if an investor opt otherwise, the interest will be paid into their bank account.

Chijohn42k:
Good Day Boss is it that other Banks the like of Access bank dont offer mutual fund,treasury Bill and so on. Just asking for my saké House

MDBs sells tbills but those that offer the services of asset management or fund management do so through their subsidiary. Those subsidiaries operate as seperate entities.

The likes of FBN, FCMB, STANBIC, GTCO all do through their subsidiaries.

So in the real sense no bank offer mutual fund services.

Somebody should explain this aberration that just happened. My calculation of the interest stanbic dropped from Saturday, Sunday and Monday gives me 2%. I assume this is a mistake and would rectified.

On Friday my balance was #9,104,900. This morning it’s #9,106,700. What is happening?

igbizen:
On Friday my balance was #9,104,900. This morning it’s #9,106,700. What is happening?

With 8million,I got 7k from sat to Monday.

Mine is first ally.

otomatic:


Okay. Seems they are into "agro"

You did your research well - they actually invest into agro, they are not into agro

igbizen:
On Friday my balance was #9,104,900. This morning it’s #9,106,700. What is happening?

With 3 million in reaprite - your interest should be 10k plus in a week at 18%

bjtinz:


The TB's leap to 14% was just at the last auction; before then it had hovered 8-9% for the past weeks.

So if it is maintained or increased (I hope!) then we should expect better yields in months to come.

9-10% not 8-9% please

My Interest for March is same with that of February irrespective of the fact that I topped up a bit, I don't take my interest and Feb is 3 fully days short of March. Haba na!!!

Stanbic IBTC MMF handler are seriously misbehaving this days. It seems there is no particular pattern/calculation/rate they use to credit the fund. They just wake up and credit account whenever and however they like. They want to damage the trust/ reliance people have in them. What's keeping my little fund there now is just the fact I can withdraw and my account will be credited within 24 hrs if not by now I should have left them totally.

freeman67:
Stanbic IBTC MMF handler are seriously misbehaving this days. It seems there is no particular pattern/calculation/rate they use to credit the fund. They just wake up and credit account whenever and however they like. They want to damage the trust/ reliance people have in them. What's keeping my little fund there now is just the fact I can withdraw and my account will be credited within 24 hrs if not by now I should have left them totally.

With all these information about Stanbic MMF, iam now having double mind opening an account with them.

Who has information about FSDH MMF?.

I don't understand Stanbic and their very low rates now. I topped up my account 2 days ago and it's yet to reflect. This their mumulity don dey too much.

Jasonblu:


With 3 million in reaprite - your interest should be 10k plus in a week at 18%

Return of my Money is more important than return on my money

freeman67:
Stanbic IBTC MMF handler are seriously misbehaving this days. It seems there is no particular pattern/calculation/rate they use to credit the fund. They just wake up and credit account whenever and however they like. They want to damage the trust/ reliance people have in them. What's keeping my little fund there now is just the fact I can withdraw and my account will be credited within 24 hrs if not by now I should have left them totally.

It is not advisable to do business with a firm.


I have money market fund investments with the following

FBN Quest Asset Management
FSDH Asset Management
GT Fund Managers
Stanbic IBTC Asset United Capital Asset Management.



For now I am getting the best yields from
FBN Quest Asset Management and FSDH Asset Management.

Both currently have a yield of over 11%

Jasonblu:


With 3 million in reaprite - your interest should be 10k plus in a week at 18%

Do you work for this company, are you the owner, or are you just an investor?

emmanuelewumi:




It is not advisable to do business with a firm.


I have money market fund investments with the following

FBN Quest Asset Management
FSDH Asset Management
GT Fund Managers
Stanbic IBTC Asset United Capital Asset Management.



For now I am get the best yields from
FBN Quest Asset Management and FSDH Asset Management.

But currently have a yield of over 11%

sfs fund pays 11.6% check it out

Redoil:

sfs fund pays 11.6% check it out

How many funds. I go get.


I am fine with the current ones I have

emmanuelewumi:




It is not advisable to do business with a firm.


I have money market fund investments with the following

FBN Quest Asset Management
FSDH Asset Management
GT Fund Managers
Stanbic IBTC Asset United Capital Asset Management.



For now I am get the best yields from
FBN Quest Asset Management and FSDH Asset Management.

But currently have a yield of over 11%

Is FSDH interest credited monthly or quarterly or half yearly or yearly?.

emmanuelewumi:




It is not advisable to do business with a firm.


I have money market fund investments with the following

FBN Quest Asset Management
FSDH Asset Management
GT Fund Managers
Stanbic IBTC Asset United Capital Asset Management.



For now I am get the best yields from
FBN Quest Asset Management and FSDH Asset Management.

But currently have a yield of over 11%

Very apt. I have diversified but I think I need to do more. Right I am using only Stanbic and UCap. I like FBNquest but I haven't joined them because I don't know how fast they credit customer account after redemption/withrawal.

I should begin to look into FSDH too. I don't like GTFund lack of online access.

NL1960:


Is FSDH interest credited monthly or quarterly or half yearly or yearly?.

Interests are credited quarterly that is what is obtainable.


I elect to reinvest my interests, I can redeem whenever I need fund

emmanuelewumi:



Interests are credited quarterly that is what is obtainable.


I elect to reinvest my interests, I can redeem whenever I need fund

Maybe it is Stanbic MMF monthly crediting of interest that is making their rates to be low. There is always a catch somewhere.

.