Gavrelino123:

I have encountered similar occurrence when i was still a novice...!!
Any branch you visit will still forward you to your account officer....☄☄
You have to show your account officer that you are well vast and knowledgeable about TB...
Once they see that you are troublesome,they won't want to encounter you,they will just give you what you want....☄☄☄
I went to a different Branch to report my account officer..☄☄
They sent a query mail to her boss.....she later called and calmed me down...and was narrating how some of her colleagues were sacked because of a customer..☄☄
GTBANK secondary market rates is released with the lead-time between 10:am to 2pm daily...!!!

TONY56:


There is interest for the re-invested upfront interest but the way it works is that even the interest of the re-invested interest keeps re-invested until the amount remaining is less than N1,000 which will then be part of the amount left in your account.

For example, if you invested N1million and the upfront interest is also re-invested, you may be debited a little less than N1million-like N999,565 because your account has been credited with maybe N435 being the amount that is less than N1,000 which could not be further invested.
That's how it works.

lolaluv1:


The bank is GTB.
Though I suspect the issue is with the account officer and not the service. Because I asked her to give me the available rates and she stated she doesnt know yet. But writing that they bid at the prevailing rate would allow them bid for me at they rate they (GTB) are bidding. I will find all the information regarding the TB and the charges and write here.

Vault007:
Gurus in the house, pls what is the minimum amount one can invest for Stanbic-IBTC tbills?

Mfunkynation:
stanbic rate is better concerning 114 days @ 10.9%

needful:
Am very annoyed right now. I submitted my form for TB secondary market with first bank since friday and it was not treated. Yesterday early in the morning ,I was told that it has been treated yet account was not deducted, this afternoon, I noticed it has been deducted and the interest which I got was 197,294.81 for 191days (N3.4m). From my calculation, it's not up to 11%even. Can someone help me recalculate pls.

TONY56:



Please why are you shielding the name of the bank?
Tell us the name of the bank and let everybody know the antics of the different banks so that we can know what they do in other to be careful and be more vigilant.

For example, if not that someone informed us here sometimes last year that Union Bank charges 25% penalty for premature termination of Treasury Bills, a lot of us wouldn't have known. And for this reason, I will NEVER go there.

If your TB transaction was at the primary market, the officer was right to have asked you to write that it should be at the bank bidding rate and not at "the prevailing rate" if the amount involved is less than N50million but if it's at the secondary market, he should let you know the rate of the available offers so that you will know and be pleased with the one you chose before giving him the go ahead.

Vault007:
Gurus in the house, pls what is the minimum amount one can invest for Stanbic-IBTC tbills?

chidicute:
Good day all, please, I'm in serious delinma now, I invested into TB in april22 2018, 13%, for 210 days, secondary market, and it's due for November 4, 2018,and I have been paid my upfront interest. But there is something urgent now, I can't wait,till november 4th 2018, so I wana terminate it,please who can show me detailed way I can calculate how much the bank would collect from my principal since I ve been paid my interest already, using 600,000naira, jus for example...please this is urgent, someone should help me with analysis, how he got how much the bank would collect from me ,for liquidating the TB before maturity.thanks for ya speedy response

chidicute:
Good day all, please, I'm in serious delinma now, I invested into TB in april22 2018, 13%, for 210 days, secondary market, and it's due for November 4, 2018,and I have been paid my upfront interest. But there is something urgent now, I can't wait,till november 4th 2018, so I wana terminate it,please who can show me detailed way I can calculate how much the bank would collect from my principal since I ve been paid my interest already, using 600,000naira, jus for example...please this is urgent, someone should help me with analysis, how he got how much the bank would collect from me ,for liquidating the TB before maturity.thanks for ya speedy response

charlesdavis:
Please house , how safe is I- invest app? Someone referred me to it for purchasing treasury bills!!

TONY56:


I feel that these rates are not good considering the surge in the last TB auction.
I got 11.5% for 142 days on 6th July 2018 when primary rates were much lower so I think the rate now should not be less than 12% to be termed "Good"

chidicute:
Good day all, please, I'm in serious delinma now, I invested into TB in april22 2018, 13%, for 210 days, secondary market, and it's due for November 4, 2018,and I have been paid my upfront interest. But there is something urgent now, I can't wait,till november 4th 2018, so I wana terminate it,please who can show me detailed way I can calculate how much the bank would collect from my principal since I ve been paid my interest already, using 600,000naira, jus for example...please this is urgent, someone should help me with analysis, how he got how much the bank would collect from me ,for liquidating the TB before maturity.thanks for ya speedy response

Barrytone:


Divide your interest by 191 days and multiply by the remaining days and include bank charges were applicable.

chidicute:


thanks all, please, how did you come up with 191days, I know bank charges varies,is the bank charge the 25% of my interest, some people are saying?

Barrytone:
.

Read your certificate thoroughly, 191 represent the total number of days that you were paid interest upfront(210 days in your case). The interest covered the entire days but since you can't wait for entire period, you will only take interest for the days you were able to wait. Then the bank will take their charges that must have been stated in the certificate and form you signed.

Alakwa:
I had similar experience with GTB early this year, bro it was not a gud experience. This our Nigeria banks will reap u off. I suggest u use the investment as a collateral and get a loan from the bank to sort your self out, when ur Tbills drop u clear off the loan. That will be cheaper for u.

Alakwa:
I had similar experience with GTB early this year, bro it was not a gud experience. This our Nigeria banks will reap u off. I suggest u use the investment as a collateral and get a loan from the bank to sort your self out, when ur Tbills drop u clear off the loan. That will be cheaper for u.

SirBrightoc:


I emailed Security and Exchange Commission with enquiry on the App and the people behind it. They responded promptly and even called me on phone to clarify that whereas they can attest to the integrity of the firm behind the App, they were not aware of the App used for TB. I was contented and went ahead to try with an initial investment of N100,000. As at now, I can view the investment and interest generated anytime and any day.
I discovered that after 30 days, I am able to see a link to resell the investment, though I have not done so and the investment is yet to mature. But, my experience so far is positive and I am gradually developing high confidence on it.

See screenshots from the App below. I have risked this amount to test it.

Moses247:
Good evening fellas. I bought T. B of 1.3m yesterday at first bank for 303days at the rate of 11%, but what I don't understand is this. 117k was credited to Me as interest?? I was thinking of 130k or so? Abeg someone should make me understand Thank u

Moses247:
Good evening fellas. I bought T. B of 1.3m yesterday at first bank for 303days at the rate of 11%, but what I don't understand is this. 117k was credited to Me as interest?? I was thinking of 130k or so? Abeg someone should make me understand Thank u