Hello everyone. Is anyone here using I-invest app? Wanna try it. Buh need someone who has successfully used it to share the experience please. Thanks.

davit:
Hello everyone. Is anyone here using I-invest app? Wanna try it. Buh need someone who has successfully used it to share the experience please. Thanks.

Read through the thread, there are lots of experiences here. I use the app. You may ask specific questions you want answers for.

Good morning good people of the investment world.
Please kindly help with FBN and stanbic secondary rates for today. Thanks. It's kind of critical, help a brother.

Thanks. Have you ever tried withdrawing your money without any issue? Also, do they charge for other things like it is done with
buying TB in a bank.

234ng44uk:

Read through the thread, there are lots of experiences here. I use the app. You may ask specific questions you want answers for.

davit:
Thanks. Have you ever tried withdrawing your money without any issue? Also, do they charge for other things like it is done with
buying TB in a bank.

No I'm yet to withdraw. My investment matures exactly in 2 weeks time. But I expect redeeming my fund to be as easy as the it was to invest

234ng44uk:


No I'm yet to withdraw. My investment matures exactly in 2 weeks time. But I expect redeeming my fund to be as easy as the it was to invest

you would be asked to submit documents. They don't ask for documents before you invest but they need your documents before you can withdraw.

Really?
I guess it's documents you have and not something out of the blues.

OgogoroFreak:
you would be asked to submit documents. They don't ask for documents before you invest but they need your documents before you can withdraw.

OgogoroFreak:
you would be asked to submit documents. They don't ask for documents before you invest but they need your documents before you can withdraw.

I was never asked for documentation before before widrawal as i did my documentation and kyc before my first deposit.
I made more than ten widrawal so far and the payment was all instant.

Barrytone:
Good morning good people of the investment world.
Please kindly help with FBN and stanbic secondary rates for today. Thanks. It's kind of critical, help a brother.

If you have maturity with FBN today please kindly share if you get credited

make una no vex... a summing I have 2M I want to invest in TBills and the rate is 10.5% for 91days... abeg how e go be... wetin be my interest. I was told interest=principal*time(tenure)*rate/365 but the stuff dey give me vague values. Help me guys

My GTbank account officer told me 364days bid for primary auction was successful after 2 fail bid and am not even interested in that rate.
and i was telling him not to bid it for me so i will go for 90days in sec market

Your Upfront interest = 52,356.16 using the parameters specified below.

Kirchhoff01:
make una no vex... a summing I have 2M I want to invest in TBills and the rate is 10.5% for 91days... abeg how e go be... wetin be my interest. I was told interest=principal*time(tenure)*rate/365 but the stuff dey give me vague values. Help me guys

Ibrahim505:

I was never asked for documentation before before widrawal as i did my documentation and kyc before my first deposit.
I made more than ten widrawal so far and the payment was all instant.

read my post again.

My point is, you can actually invest without the documentation or kyc but you can't withdraw without doing documentation/Kyc

great post

Kirchhoff01:
make una no vex... a summing I have 2M I want to invest in TBills and the rate is 10.5% for 91days... abeg how e go be... wetin be my interest. I was told interest=principal*time(tenure)*rate/365 but the stuff dey give me vague values. Help me guys

Iam sure it is giving you vague values because you are not dividing the rate by 100. In the formula "interest=principal*time(tenure)*rate/365" you posted, divide the 10.5% to be 0.105.

so: interest=principal*time(tenure)*rate/365 = 2,000,000 * 91 * 0.105 /365 = 52,356.16

OgogoroFreak:
you would be asked to submit documents. They don't ask for documents before you invest but they need your documents before you can withdraw.

You mean KYC documents? I already did that upfront.

eddyakinrinde:


But why don't you consider the secondary market bros? Ever since I learnt about tbills last year, I never keep any amount more than 100k in my savings account for max 3days. The money will just be lazy in there. For me now I run both tbills and mmfs. I cant just leave money idle again. Try Secondary market, calculate what you will gain in 7days in sec market can make up for any difference BTW pry and sec mkts rates. My opinion sha.

what the bolded all abbout?

NL1960:


Iam sure it is giving you vague values because you are not dividing the rate by 100. In the formula "interest=principal*time(tenure)*rate/365" you posted, divide the 10.5% to be 0.105.

so: interest=principal*time(tenure)*rate/365 = 2,000,000 * 91 * 0.105 /365 = 52,356.16

Is this what I get in a whole year with a principal of 2M or for 91 days?

Kirchhoff01:

Is this what I get in a whole year with a principal of 2M or for 91 days?

its what u ll get for just 91days tenor

Kirchhoff01:

Is this what I get in a whole year with a principal of 2M or for 91 days?

It is what you get for 91 days. If you want to get higher, then you have to invest in a higher tenor.

NL1960:


It is what you get for 91 days. If you want to get higher, then you have to invest in a higher tenor.

Jeeez
so I have been wasting my money on fixed deposit since 2years

Kirchhoff01:

Jeeez
so I have been wasting my money on fixed deposit since 2years

Principal of 2m on fixed deposit @ 8.5% for 91days will give you 42,000 so it’s really not a waste considering the flexibility of Fixed deposit. Overall Tbills is better but FD is not a bad investment aswell, Depends on how you see it tho

Kirchhoff01:

Jeeez
so I have been wasting my money on fixed deposit since 2years

It might not be as it depends on the rate you have been getting for your fixed deposit. If the rate has been low, then you might have been wasting your money if the money was for the long term. Terminating a TB when you need money urgently comes with penalty.

NIGHTLIFE100:
Principal of 2m on fixed deposit @ 8.5% for 91days will give you 42,000 so it’s really not a waste considering the flexibility of Fixed deposit. Overall Tbills is better but FD is not a bad investment aswell, Depends on how you see it tho

No bank will give you that rate. I'm currently running a FD with. First Bank Nigeria @6.8%. I'm on monthly rollover

NIGHTLIFE100:
Principal of 2m on fixed deposit @ 8.5% for 91days will give you 42,000 so it’s really not a waste considering the flexibility of Fixed deposit. Overall Tbills is better but FD is not a bad investment aswell, Depends on how you see it tho

Can you mention the bank?

Rates today @ Stanbic:
43 days @ 9.35
211 days @ 12.45
337 @ 12.05

Does anyone know about Investment One? How reliable are they?

Kirchhoff01:

No bank will give you that rate. I'm currently running a FD with. First Bank Nigeria @6.8%. I'm on monthly rollover

You can’t say that conclusively, I have a 6m fixed deposit with ecobank @ 9% and 1m-5m will offer you 8.5%. Been running this for over 1year

Agbaletu:

Can you mention the bank?

ECOBANK!

davit:
Hello everyone. Is anyone here using I-invest app? Wanna try it. Buh need someone who has successfully used it to share the experience please. Thanks.

i have been using the app..what do you want to know

davit:
Thanks. Have you ever tried withdrawing your money without any issue? Also, do they charge for other things like it is done with buying TB in a bank.

the only deduction at withdrawal is 52.50k for interbank transfer

Pascopele:
what the bolded all abbout?

By Mmfs I mean Money market funds (mutual funds)