NewStats: 3,259,389 , 8,169,977 topics. Date: Saturday, 24 May 2025 at 08:32 PM 26373w

Good morning all. Please how can I save my 5million and get more interest.
I have an with First Bank and Stanbic.
I've been reading sukuk bond but don't know how to invest. I thought of i-invest but their rate is 6.9. Please I need a help.

Fyabdul:
Good morning all. Please how can I save my 5million and get more interest.
I have an with First Bank and Stanbic.
I've been reading sukuk bond but don't know how to invest. I thought of i-invest but their rate is 6.9. Please I need a help.

With 5mili, u can invest in fgn bond primary market directly. Send mail to Stanbic bank on ur intention to bid in the coming fgn bond primary market.

Akerewe:


With 5mili, u can invest in fgn bond primary market directly. Send mail to Stanbic bank on ur intention to bid in the coming fgn bond primary market.

Thank you. Please, what is the rate?

Fyabdul:

Thank you. Please, what is the rate?

U can ask ur bank any questions u want to know. Fgn bond rate is usually announce before you purchase it, the rate is not hidden

Akerewe:


U can ask ur bank any questions u want to know. Fgn bond rate is usually announce before you purchase it, the rate is not hidden

I'm grateful for your replies. Thank you.

Fyabdul:
Good morning all. Please how can I save my 5million and get more interest.
I have an with First Bank and Stanbic.
I've been reading sukuk bond but don't know how to invest. I thought of i-invest but their rate is 6.9. Please I need a help.

Go to any of the good Investment firms around. They will guide you thru

feelamong:


Go to any of the good Investment firms around. They will guide you thru

Feelamong which bank or institution yields more interest rate in a fixed deposit.

And what is the interest rate on Treasury Bills?

Dshocker:


Feelamong which bank or institution yields more interest rate in a fixed deposit.

And what is the interest rate on Treasury Bills?

Fixed Deposit all yield little interest, you should be going for a Mutual Fund or Bond

I know SFS Fund yield 11% while Stanbic yield almost the same rate

But for Fixed Deposit you will be getting averagely 4%

Some Banks even invest customers fixed deposit funds in Bonds or Mutual funds

Fyabdul:
Good morning all. Please how can I save my 5million and get more interest.
I have an with First Bank and Stanbic.
I've been reading sukuk bond but don't know how to invest. I thought of i-invest but their rate is 6.9. Please I need a help.

Please read this article tounderstand and get insight on the top investment opportunities in Nigeria https://www.anatech.com.ng/best-investment-in-nigeria/

richforever123:


Fixed Deposit all yield little interest, you should be going for a Mutual Fund or Bond

I know SFS Fund yield 11% while Stanbic yield almost the same rate

But for Fixed Deposit you will be getting averagely 4%

Some Banks even invest customers fixed deposit funds in Bonds or Mutual funds

The likes of piggyvest issues 12% per annum.

But my problem is that, if they shut down tomorrow, where will the customers or investors run to?

Because Nigeria is a funny country that its institutions are not properly structured.

Don't be surprised that in 5yrs time, the CBN will declare Piggyvest as an illegal institution operating.

Dshocker:


The likes of piggyvest issues 12% per annum.

But my problem is that, if they shut down tomorrow, where will the customers or investors run to?

Because Nigeria is a funny country that its institutions are not properly structured.

Don't be surprised that in 5yrs time, the CBN will declare Piggyvest as an illegal institution operating.

You are extremely correct with this statement, do you know that a digital bank called Eyowo got suddenly shut down by the CBN and customers where unable to access their funds, it is very possible, Piggyvest is regulated by Proxy and carries more risk, though the senior management are First Class Graduate of Covenant University

Fyabdul:
Good all. Please how can I save my 5million and get more interest.
I have an with First Bank and Stanbic.
I've been reading sukuk bond but don't know how to invest. I thought of i-invest but their rate is 6.9. Please I need a help.

Go for Branch International. Their interest rate has reduced now though. 15 percent. Used to be 20.

Fyabdul:
Good morning all. Please how can I save my 5million and get more interest.
I have an with First Bank and Stanbic.
I've been reading sukuk bond but don't know how to invest. I thought of i-invest but their rate is 6.9. Please I need a help.

SFS fixed income fund is good currently as at today rate is 11.04% and rate is relatively stable. It has not done below 11% in the past 9 months. You can opt for reinvest option for your dividend and continue to compound as long as you wish.

Click the link on my signature to open online. You can monitor your investment online as well
Chat me up if you need further clarification.

Good day All
Kindly help a confused fellow,
Between Fidelity Bank, Zenith Bank and Access Bank, which can I possibly get a good yield on my investment in Primary market investment
Thanks in advance

I bank with the 3 Banks

Ezini:
Good day All
Kindly help a confused fellow,
Between Fidelity Bank, Zenith Bank and Access Bank, which can I possibly get a good yield on my investment in Primary market investment
Thanks in advance

I bank with the 3 Banks

None.....Wema, Fair money MFBank( I won't say much for these 2 make
bad belle people no vex cast am).......Diversify: Stocks ( I personally steer clear of mutual funds most times....Meristem na boss), Bonds... Treasury bills....

Dshocker:


Feelamong which bank or institution yields more interest rate in a fixed deposit.

And what is the interest rate on Treasury Bills?

Better go for the Mutual funds....I have used AXA, ARM and FSL

all are good

richforever123:


You are extremely correct with this statement, do you know that a digital bank called Eyowo got suddenly shut down by the CBN and customers where unable to access their funds, it is very possible, Piggyvest is regulated by Proxy and carries more risk, though the senior management are First Class Graduate of Covenant University

First class of covenant so what? You Nigerians are funny. Oya dash them all your life savings na. Make them use their first class to finish am for you na. Nonsense

feelamong:


Better go for the Mutual funds....I have used AXA, ARM and FSL

all are good

Please what is their interest rate?

What if I say I have over 11m in more than 2 years . Due to my job I don't have space yet don't know what n where to invest genuinely..truly many are like me here

Pls . Those that know how n where they invest genuinely should please help

michael132:
Pls . Those that know how n where they invest genuinely should please help

Follow this thread https://nairaland.unblockandhide.com/1912965/mutual-funds/302
Go for mutual funds specially Money market funds: if you decide on mutual funds go for only Money market funds and money market funds only.Follow the above thread

michael132:
Pls . Those that know how n where they invest genuinely should please help

Stanbic money market fund with rate above 10% is recommended. Capital and interest guaranteed.
Click the link on my signature to open online.

What if I go to any of Thier branch. This inline things too de full with fraud

emmasoft:


Stanbic money market fund with rate above 10% is recommended. Capital and interest guaranteed.
Click the link on my signature to open online.

Fyabdul:

I'm grateful for your replies. Thank you.

But are you aware that the 5m will be tied down idle for a whole calendar year? Do you have that discipline and patience?

michael132:
What if I go to any of Thier branch. This inline things too de full with fraud

Don't worry, with Stanbic IBTC you are safe.
Many folks are here that can testify to the genuineness.
The online is also faster and you get maximum attention as per services.

Going to Stanbic IBTC bank branch is like going through the proxy because the asset mgt arm is not the same as the bank in of the operations even though they belong to them same HOLDCO.

Tranquility2345:


First class of covenant so what? You Nigerians are funny. Oya dash them all your life savings na. Make them use their first class to finish am for you na. Nonsense

I don't know why everything about Nairaland is fight, once someone disagrees with your opinion it is war with very irrelevant statements, I mentioned in my statement that a digital bank was suddenly closed down by CBN and people where not able to withdraw funds, I also mentioned that the owners of Piggyest are first class graduate, these are simply un-biased facts and does not mean I want to put my life savings with them, people can use this facts to make the decisions they want

VeeVeeMyLuv:

But are you aware that the 5m will be tied down idle for a whole calendar year? Do you have that discipline and patience?

There is a highly liquid secondary market for him to sell his investment

emmanuelewumi:



There is a highly liquid secondary market for him to sell his investment

Okay

emmanuelewumi:



There is a highly liquid secondary market for him to sell his investment

Is the secondary market NGX?

comatekeke:

Is the secondary market NGX?

FMDQ