February 2019 offer rate

This month the rate reduced by 0.075

2years - 12.05% per annum
3years - 13.05% per annum

IHelp, when is the next offer? I went to Stanbic IBTC on Friday but I was told February's offer is closed.

Pls my people, I used to have CSCS acct but right now, I can't remember where it is, and my stock broker has packed up. Is there a way I can retrieve it and also, I deal with stanbic asset management, can they help me buy FG savings bond, abeg help a sister who doesnt reside in Naija anymore.

Thanks

Offers are normally advertised in the first week of every month. Most likely the March offer will occur from 4 to 8 March

MizyB:
IHelp, when is the next offer? I went to Stanbic IBTC on Friday but I was told February's offer is closed.

If you know your cscs account number, you can access your account details online with CSCS after paying the 2,500 yearly fee.

Stanbic Asset Management can purchase FGN savings bond on your behalf once you've filled the savings form and transferred the money to them. This can be done ny email. I suppose they are your new stockbroker.

needful:
Pls my people, I used to have CSCS acct but right now, I can't remember where it is, and my stock broker has packed up. Is there a way I can retrieve it and also, I deal with stanbic asset management, can they help me buy FG savings bond, abeg help a sister who doesnt reside in Naija anymore.

Thanks

Kolping:
Offers are normally advertised in the first week of every month. Most likely the March offer will occur from 4 to 8 March

Thank very much sir.

Kolping:
If you know your cscs account number, you can access your account details online with CSCS after paying the 2,500 yearly fee.

Stanbic Asset Management can purchase FGN savings bond on your behalf once you've filled the savings form and transferred the money to them. This can be done ny email. I suppose they are your new stockbroker.

Thank you bro. Yes they are my new broker now

March 2019 offer rate

This month the rate reduced by 0.43

2years - 11.62% per annum
3years - 12.62% per annum

April 2019 Offer Rate

2-year: 11.276% per annum
3-year: 12.276% per annum

Kolping:
April 2019 Offer Rate

2-year: 11.276% per annum
3-year: 12.276% per annum

Good one Kolping

Thanks IHelp. We have to keep the flag flying.

IHelp:


Good one Kolping

The rates keep falling

May 2019 Offer Rate

2-year: 11.745% per annum
3-year: 12.745% per annum

June 2019 Offer Rate

2-year: 11.418% per annum
3-year: 12.418% per annum

Kolping:
June 2019 Offer Rate

2-year: 11.418% per annum
3-year: 12.418% per annum

Keep up the good work Kolping

Thanks IHelp

IHelp:


Keep up the good work Kolping

Good evening house..
Please how much is the minimum I can invest?

Crownful:
Good evening house..
Please how much is the minimum I can invest?

N5,000

If I invest 50m, how much precisely will i receive per quarter. Thanks

Barrytone:
If I invest 50m, how much precisely will i receive per quarter. Thanks

@Barrytone, according to my own understanding, if the rate is slated for 12 e.g., your 50m should be giving you 1.5m every three months for the 2 or 3 year issue. That's 6m every year divided into 4. I want contrary opiinion to this as well.

eddyakinrinde:


@Barrytone, according to my own understanding, if the rate is slated for 12 e.g., your 50m should be giving you 1.5m every three months for the 2 or 3 year issue. That's 6m every year divided into 4. I want contrary opiinion to this as well.

What are the likely deductions.

There are no deductions in FGN Savings Bonds, unlike Treasury Bills.

See FGN Savings Bond Flyer and Public Notice on the FGN Savings Bond images below.

eddyakinrinde:


@Barrytone, according to my own understanding, if the rate is slated for 12 e.g., your 50m should be giving you 1.5m every three months for the 2 or 3 year issue. That's 6m every year divided into 4. I want contrary opiinion to this as well.

Barrytone:


What are the likely deductions.

Your statement about the calculation is correct.

Barrytone:
If I invest 50m, how much precisely will i receive per quarter. Thanks

eddyakinrinde:


@Barrytone, according to my own understanding, if the rate is slated for 12 e.g., your 50m should be giving you 1.5m every three months for the 2 or 3 year issue. That's 6m every year divided into 4. I want contrary opiinion to this as well.

FGN Savings Bond Flyer

Public Notice on the FGN Savings Bond

July 2019 Offer Rate

2-year: 11.195% per annum
3-year: 12.195% per annum

Kolping:
July 2019 Offer Rate

2-year: 11.195% per annum
3-year: 12.195% per annum

The rate is still dropping

It seems so. The rates are not consistent.

IHelp:


The rate is still dropping

FGN Savings Bond Allotment Results for July 2019

Olohunjedalo:

Fg Bond has minimum of 5 years tenor and you get your interest biannually.
I.e ,every 6 months . The minimum amount you can invest is ten thousand naira .

Fg Savings Bond has a tenor of 2 and 3 years and you get your interest quarterly . I.e, four times a year . That’s every three months .
The minimum amount you can invest is five thousand naira . And maximum of fifty million naira .

Treasury Bills has a tenor of maximum 365 days and you get your complete interest upfront . The minimum amount you can invest varies with different banks . But for most banks ... the minimum as at today 30 September 2018 is one hundred thousand naira .

Please, are you sure about the 10k minimum for FGN BOND? How and where can one access this instrument?

Thanks.

Kolping:
FGN Savings Bond Allotment Results for July 2019

Please is the interest paid upfront or after the duration of the bond?