eezeribe:
Sent

Thank you

Money market fund and Bond fund, which one has higher interest rate?

Ehuatamuigunisi:
Do not encourage monopoly by discussing only one Money market operator IBTC. Other good ones with better rates abound.

Going through the trend, I was just about to mention this when I saw your post. Thank you bro.

Please guys, lets encourage competition and not over leverage on StanbicIBTC MMF. Competition is in our best interest. We are not working for StanbicIBTC.

I have hit the target amount for my savings in StanbicIBTC Money Market fund. I currently shopping for another good Money Market fund.

I haven’t gathered enough information to reach a decision. I am open to suggestions. I no fit pack money for only StanbicIBTC MMF, I no wan hear shoot bird mama fly

Try FBNQuest MMF, ARM MMF, AXAMansard MMF

I think ARM n Mansard Rates are good for now. better than stanbic if am not mistaking

yak:
I think ARM n Mansard Rates are good for now. better than stanbic if am not mistaking

please tell us the rates

brainhack:


Going through the trend, I was just about to mention this when I saw your post. Thank you bro.

Please guys, lets encourage competition and not over leverage on StanbicIBTC MMF. Competition is in our best interest. We are not working for StanbicIBTC.

I have hit the target amount for my savings in StanbicIBTC Money Market fund. I currently shopping for another good Money Market fund.

I haven’t gathered enough information to reach a decision. I am open to suggestions. I no fit pack money for only StanbicIBTC MMF, I no wan hear shoot bird mama fly

yoU need investment-one!

brainhack:


Going through the trend, I was just about to mention this when I saw your post. Thank you bro.

Please guys, lets encourage competition and not over leverage on StanbicIBTC MMF. Competition is in our best interest. We are not working for StanbicIBTC.

I have hit the target amount for my savings in StanbicIBTC Money Market fund. I currently shopping for another good Money Market fund.

I haven’t gathered enough information to reach a decision. I am open to suggestions. I no fit pack money for only StanbicIBTC MMF, I no wan hear shoot bird mama fly

I will ask you to look at these MMF: ARM, Investment -one, FBN Quest and AXA Mansard, from their operation, their interest rates are not too far from each other. You can also monitor your investment online on these four.

Nusah09:
yoU need investment-one!

kayrukky:

I will ask you to look at these MMF: ARM, Investment -one, FBN Quest and AXA Mansard, from their operation, their interest rates are not too far from each other. You can also monitor your investment online on these four.

Thanks guys. I am considering making a choice between Investment-One and AXA Mansard.

yak:
I think ARM n Mansard Rates are good for now. better than stanbic if am not mistaking

@Yak is telling no lie, some months ago while i was doing interest rate comparasion. One of the them in particular beat StanbicIBTC’s rates back to back for the period of comparasion (it was more than 6 months).

I can’t remember now whether it was ARM or AXA-Mansard. I just know the organization’s name started with an “A”.

Modified
I was unable to find current Interest rates on Investment-One’s website, Therefore I am dropping them from my choice. I like to know what I need to know without stress. I can’t start calling or sending emails to have their current Interest rate.

New consideration: Between FBN & AXA-Mansard.

Today’s Rate
As seen on their websites

StanbicIBTC - 11.61%
AXA-Mansard - 11.89%
FBN - 12.04%
ARM - 12.3965%* (*as at 12th Aug 2018)

From the look of it, everybody’s rate has been beating StanbicIBTC’s rate back to back for several months now.

NB: I have nothing against StanbicIBTC, as at now I have just one MMF account and its with them.

Morning house.

So i thot to ask,
what's the advantage of runningbmore than 1 MF acct?

enque:
Morning house.

So i thot to ask,
what's the advantage of runningbmore than 1 MF acct?

I would say it depends on what the individual has in mind. If you are fine with having just one MMF account, it shouldn’t be a bother. For me; I think I am overly protective of my hard earned money, I am not yet comfortable with seeing more than a particular amount in a single account.

For me that amount might be a particular 8 digit figure. For you it can be a particular 9 or 10 digit figure. Well I plan to open three MMF accounts in total. Once the second account gets to the target amount after some years; I would open the third.

My choices would be based on fund & fund-related information accessibility, Interest rate is secondary. I don’t just believe in putting my eggs in one basket.

brainhack:


Going through the trend, I was just about to mention this when I saw your post. Thank you bro.

Please guys, lets encourage competition and not over leverage on StanbicIBTC MMF. Competition is in our best interest. We are not working for StanbicIBTC.

I have hit the target amount for my savings in StanbicIBTC Money Market fund. I currently shopping for another good Money Market fund.

I haven’t gathered enough information to reach a decision. I am open to suggestions. I no fit pack money for only StanbicIBTC MMF, I no wan hear shoot bird mama fly

Nice debate to deliberate on

Things I look for while choosing which MMF (in no particular order)
1. Interest Rate.
2. Managers credibility (me too no wan hear "shoot bird mama fly" )
2. Management fees.
3. Easy cash out.

I plan to run 3 diff MMF along with my TB (now i have 2 stanbic and Investment one, would have opted for FBN but i get personal beef with them) STABIC dey fall my hand wella just hoping they improve.

still following this thread to first hand info from persons that has an active account with other funds manager (I don't really believe in any staff words cos my myself know how to sell my opinion to my wife

irookie:


Nice debate to deliberate on

Things I look for while choosing which MMF (in no particular order)
1. Interest Rate.
2. Managers credibility (me too no wan hear "shoot bird mama fly" )
3. Management fees.
4. Easy cash out.

I plan to run 3 diff MMF along with my TB (now i have 2 stanbic and Investment one, would have opted for FBN but i get personal beef with them) STABIC dey fall my hand wella just hoping they improve.

still following this thread to first hand info from persons that has an active account with other funds manager (I don't really believe in any staff words cos my myself know how to sell my opinion to my wife

Exactly, if put in a particular order No. 4 (Easy cash out) is priority for me. I’d loved to invest with FBN but I found out they don’t have online redemption. I can’t be doing clerical working (Printing, filling forms, scanning, sending emails) everytime I want to withdraw.

Does Investment-one have online redemption, as they have failed to display their daily Interest rates they are not my first or second choice but “easy of cashing-out” is my priority”.

You are right about StanbicIBTC falling hand sometimes when it matters but wetin man go do for now. We still have wait and shop carefully.

Please who know if Axa-Mansard has online redemption and what is their TAT; (I would mind have a list of MMF that have online redemption access). Axa-mansard’s management fees (1.25% ) seems like alot though.

Hello house, I want some informations about Guaranteed Investment Fund.

brainhack:


Exactly, if put in a particular order No. 4 (Easy cash out) is priority for me. I’d loved to invest with FBN but I found out they don’t have online redemption. I can’t be doing clerical working (Printing, filling forms, scanning, sending emails) everytime I want to withdraw.

Does Investment-one have online redemption, as they have failed to display their daily Interest rates they are not my first or second choice but “easy of cashing-out” is my priority”.

You are right about StanbicIBTC falling hand sometimes when it matters but wetin man go do for now. We still have wait and shop carefully.

Please who know if Axa-Mansard has online redemption and what is their TAT; (I would mind have a list of MMF that have online redemption access). Axa-mansard’s management fees (1.25% ) seems like alot though.

Why first bank dey like this? So archaic! Ah! Don't they see what their mates do? I even regret the savings insurance I started with them some months back for the same reason of poor technological advancements.

Hello everyone,

I have read so many pages and I'm interested.
However I would like to know if any of the investment firms does daily compound interest as this may be way better in the long run even if the interest is 1 or 2percent less that others.

Please can anyone help?

AbbyE:


It's a normal transfer and normal transfer charges apply. If you don't want to get charged at all then you can pay via the app

@AbbyE and other Stanbic app users: are you saying no transfer charges when you us their app?

javijabor:
Hello everyone,

I have read so many pages and I'm interested.
However I would like to know if any of the investment firms does daily compound interest as this may be way better in the long run even if the interest is 1 or 2percent less that others.

Please can anyone help?

They all compound once you tick re-invest dividend, abi?

Toun2nl:

@AbbyE and other Stanbic app users: are you saying no transfer charges when you us their app?

yes

Pls send the form to eniolafola0101@gmail.com. Thanks.

eezeribe:
Hello prospective investors, if you are interested in opening a Stanbic IBTC Money market fund, if you need guidance on how to fill the form, I have a PDF copy of an already filled form from STANBIC bank herself, the form serves as a guiding template.
It is free of charge. Happy Sunday.

ronnyboo:


Why first bank dey like this? So archaic! Ah! Don't they see what their mates do? I even regret the savings insurance I started with them some months back for the same reason of poor technological advancements.

All the MMF have one issue or the other

. u will send mail, it will take days to answer
. u will call and there will be misleading u, u will have to stand your ground or else na sorry.
. there only update at there own time and so on.

One thing is u should always get information to be updated.

irookie:


Nice debate to deliberate on

Things I look for while choosing which MMF (in no particular order)
1. Interest Rate.
2. Managers credibility (me too no wan hear "shoot bird mama fly" )
2. Management fees.
3. Easy cash out.

I plan to run 3 diff MMF along with my TB (now i have 2 stanbic and Investment one, would have opted for FBN but i get personal beef with them) STABIC dey fall my hand wella just hoping they improve.

still following this thread to first hand info from persons that has an active account with other funds manager (I don't really believe in any staff words cos my myself know how to sell my opinion to my wife

Pity I am just spotting this thread. Ditto here. I do not want to put all my eggs in one basket. I am avoiding FBN very well at the moment (as someone said - no online redemption. They need to evolve.). I am surprised to hear SBIBTC is slacking. It looks like time to restrict putting more monies in there.

I have the same thought as you wrt investing in MMFs. I have two at the moment - a private one and SBIBTC.

enque:
Morning house.

So i thot to ask,
what's the advantage of runningbmore than 1 MF acct?

Reduce your risk ..

I have a Stanbic MMF account and Axamansard.
To be sincere, I'm enjoying Axamansard more.

*I did everything online; opening account, submitting my documents and funding my account. They also have an app.

*I've made withdrawals and I get them before 24hours.
My first withdrawal dropped in my account on the same day.
My last withdrawal request was at night, I got the money after close of work the next day
They treat withdrawal requests that come in after 1:30pm the next day

*They respond promptly to emails and I've even requested a call back, which they did. Infact, my line didn't go through so they sent an email requesting for alternate number to reach me on.

The only but so far is that when I try to top up my account through the app, they include some transaction charges. To avoid this, I use their web page, I discovered its free from the webpage .

Cc
irookie
Druss
Brainhack

FBN is the worst. when u even enter any firstbank branch n mention Mutual fund they'll be looking at u like u missed road.
I remember the last time I was at one of the branches in 2015, the woman directed me to mutual benefits office adjacent them

beyolah:
I have a Stanbic MMF account and Axamansard.
To be sincere, I'm enjoying Axamansard more.

*I did everything online; opening account, submitting my documents and funding my account. They also have an app.

*I've made withdrawals and I get them before 24hours.
My first withdrawal dropped in my account on the same day.
My last withdrawal request was at night, I got the money after close of work the next day
They treat withdrawal requests that come in after 1:30pm the next day

*They respond promptly to emails and I've even requested a call back, which they did. Infact, my line didn't go through so they sent an email requesting for alternate number to reach me on.

The only but so far is that when I try to top up my account through the app, they include some transaction charges. To avoid this, I use their web page, I discovered its free from the webpage .

Cc
irookie
Druss
Brainhack

Please what’s your take on Axa-mansard’s Annual management fee (1.25%). Is it on the interest accrued or it includes the principal.

1.25% of N5,000,000 = N62,500
1.25% of N10,000,000 = N125,000
1.25% of N50,000,000 = N625,000

If its includes the principle hmmm. What happens if MM instruments stays on course with this nose dive and lands between 6-8%. We would surely feel that 1.25% oo.

Anybody that has the answer should please clarify.

yak:
FBN is the worst. when u even enter any firstbank branch n mention Mutual fund they'll be looking at u like u missed road.
I remember the last time I was at one of the branches in 2015, the woman directed me to mutual benefits office adjacent them

Lmao

Well lets hope what happened in 2015 doesn’t repeat itself in 2018

To be fair, I recently sent them a serials of emails making enquiries about their MMF; I must commend the speed at which they attended to my mails. I just hope it is not IGG (Initial Gra-Gra).

yak:
FBN is the worst. when u even enter any firstbank branch n mention Mutual fund they'll be looking at u like u missed road.
I remember the last time I was at one of the branches in 2015, the woman directed me to mutual benefits office adjacent them

FBN rate is one of the high rates in MMF market. I will suggest that you go to FBN Quest not the Bank and have a contact person, then you can have all your queries attended to through your contact or marketer assigned to you. For now you can only view your interest online.

Nice Thread. I'm still checking for which to go for but from your experiences and facts,
Which is better, ARM or Axa mansard mutual funds?

Thanks to everyone here that advised me when I wanted to choose a fund manager at the very start. I settled for FBNQuest and it's been a wonderful journey so far.


PS: I'm not bothered about their redemption process(some say you need to visit their physical office) because I'm in for a long term investment without withdrawals!

kayrukky:


FBN rate is one of the high rates in MMF market. I will suggest that you go to FBN Quest not the Bank and have a contact person, then you can have all your queries attended to through your contact or marketer assigned to you. For now you can only view your interest online.