Osahon7:
Am going to bid on friday...can i get 13% for 365 with 1million?

rationalmind:


There were bids of 13.7% on 365 days the last time so there's no harm in trying

Osahon7:

Thanks sir... So on friday i should just walk to my bank and tell dem i want to invest in TB right... Its my first tine

rationalmind:


There were bids of 13.7% on 365 days the last time so there's no harm in trying

Agbaletu:

Not true.

rationalmind:


I didn't say the bids were successful, there were bids above 13% last time. Except you mean he can't choose his rate with 1m and has to go with the bank.

Osahon7:

Thanks sir... So on friday i should just walk to my bank and tell dem i want to invest in TB right... Its my first tine

rationalmind:


For starters, which bank are you using

Osahon7:
first bank

rationalmind:


That's good.

Just approach customer service when you get to the branch and tell them you want to register for Tbills. A form will be given to you to fill.

I don't think FBN will allow you choose your rate so you'll have to go with theirs.

Also, I'm assuming you've made up your mind so don't listen to any lecture on fixed deposits. Good luck and happy investing.

Osahon7:
thanks boss.... How do i now know the rates i will be getting if i cant choose my rates??

rationalmind:


You can't know the exact rate for now, no one can. I'm expecting it to hover around 11% or less.

Osahon7:
Please this reduced rates of TB, is there any hope of it coming back to normal soon?

rationalmind:


Very bad o considering where we were coming from.

Besides, you could have gotten the same rate on FD depending on the amount you're investing.

spenca:


this is not really a liquid instrument. Itis best for someone who wants to put their cash away for a while , rates for the last savings bond was in the environment of 10-11% coupon as well

awesomeJ:

It's actually traded on the exchange daily, so if there'll be buyers, liquidating'll be easy.

TONY56:



Hmmmmmmmmmmmmmmmmmmmm.
Please! Please!! & Please!!!
Be very very careful about investing your funds in Micro Finance Banks.

It's actually true that you can get 20% for N5m or over BUT you MAY not get your money back at the expiration.

Usually, they come begging you to role over at expiration and if you insist that you must have your money back, then they start telling you stories and give you promises. If at all you will get something back from them, you will be lucky to get only a fraction of your investment and you will be asked to convert whatever you're owed to own share in the company or their board as non sitting director.

This is what a stubborn friend of mine is going through for over 3yrs now and they are owing him over N50m.

So shine your eyes before you leap o and avoid unnecessary suicide because of greed expecially if the money is not yours.

The good thing I know is that you won't come back to tell us here if and when you get your fingers burnt.

Usually, some of them would pay you once or twice to lure you and later come out in their true colours.

rationalmind:


You can't know the exact rate for now, no one can. I'm expecting it to hover around 11% or less.

ImperialCovfefe:
Yields are recovering. The stop rates may not fall much in the next PMA.

godello:
check this out

CrazyRichNig:
Good morning all. I'm thinking of investing in treasury bills and I have so many questions. First, what is the minimum amount I can start with? Secondly, does the interest rate depend on how much I put in? I use first bank. In fact, can someone please break down the whole thing for me? Thanks

CrazyRichNig:
Good morning all. I'm thinking of investing in treasury bills and I have so many questions. First, what is the minimum amount I can start with? Secondly, does the interest rate depend on how much I put in? I use first bank. In fact, can someone please break down the whole thing for me? Thanks

godello:
check this out