Pls Someone Should Explain Fixed Deposite 4 Me. - Investment - Nairaland
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| Pls Someone Should Explain Fixed Deposite 4 Me. by Kenpaly(m): 10:22am On Aug 08, 2022 |
Good morning all,please one ofmy guy want to fixed 40m in nigeria bank in orda to gain some cash. He is asking me how he go about it.im sujestn uba 4 him but i dnt no the interest he may get 4rm the principal amout yearly.please bankers in this forum should air in pls. Advice my guy pls ! thanks. |
| Re: Pls Someone Should Explain Fixed Deposite 4 Me. by ayoncox: 10:34am On Aug 08, 2022 |
Kenpaly:You can't get more than 5 to 10 perfect. It is best you use piggyvest |
| Re: Pls Someone Should Explain Fixed Deposite 4 Me. by advanceDNA: 10:44am On Aug 08, 2022 |
fixed deposit interest is very low now oooo Most banks wont give more than 2-4% per annum for 30-90days tenure.... If you are doing more like 365days on 40 million.. you might get a better rate like 7%..usually u can negotiate and they will gladly give you the highest rate possible for that amount.. They will charge witholding tax ooo...i think 10% on the interest....if you terminate prematurely they may charge 0.5% of the interest generated... |
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