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Nairaland Forum / Nairaland / General / Investment / Is Fixed Deposit A Good Investment In Nigeria? (708 Views)
Is Fixed Games A Scam / Which Is Better; Fixed Deposit Or Bonds? / UBA FIXED DEPOSIT RATE (2) (3) (4)
Is Fixed Deposit A Good Investment In Nigeria? by thatNigerian: 12:29pm On Jun 08, 2020 |
Hi guys, do you think investing 100k in fixed deposits is a wise decision? Also, Nairametrics lists Unity Bank as having the highest interest rate (16%) per month. What's your experience with that bank? I currently use Wema Bank and theirs is lower than that. |
Re: Is Fixed Deposit A Good Investment In Nigeria? by Juell(m): 12:39pm On Jun 08, 2020 |
Check properly, the 16% is per anum. If you invest your 100k in a year u'll get 16k |
Re: Is Fixed Deposit A Good Investment In Nigeria? by Luckydubby7(m): 12:46pm On Jun 08, 2020 |
Juell:. Thanks for enlighten him |
Re: Is Fixed Deposit A Good Investment In Nigeria? by flyfit(m): 1:22pm On Jun 08, 2020 |
Try investing in Bitcoins.... can guide you 08109916504 |
Re: Is Fixed Deposit A Good Investment In Nigeria? by thatNigerian: 3:26pm On Jun 08, 2020 |
Juell: What? But i saw 1 month minimum tenure there. I plan to visit select banks this week to make enquries though. |
Re: Is Fixed Deposit A Good Investment In Nigeria? by thatNigerian: 3:28pm On Jun 08, 2020 |
flyfit: Definitely not my thing. Crypto is too volatile; but thanks. |
Re: Is Fixed Deposit A Good Investment In Nigeria? by OYENIYIJK: 5:43pm On Jun 08, 2020 |
16% in a month Person fit borrow money and put there sef 1 Like |
Re: Is Fixed Deposit A Good Investment In Nigeria? by Fish4wealth: 6:04pm On Jun 08, 2020 |
OYENIYIJK: You have been rightly answerd by juell.... Its 16% per annum pro- rated. You will be lucky if the 16% is compounded but if simple, it isn't bad either. No bank in Nigeria not even Tbills non mutual funds can afford such monthly. If you run a business, you will understand the cost of running one in Nigeria. I'm sure every businesses will love to give something worth investor's capital, nonetheless, business owners must factor-in their gross profit vs net profit. You can visit our facebook page (agrohubcoop1) for our packages. |
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