In this type of investment the rate of return on investments is guaranteed to customers for specific investmentperiods.
- Minimum investment of N100,000.00 each
- Short to Medium-term investment period: 30 – 360 day tenures
- Full/Part Liquidation permitted before maturity with no penalty
- Rollover at maturity also permitted
- Additional investment acceptable during existing tenure
- At the instance of the customer, third party cheques can be issued
- Rates are negotiable based on volume
Current Rates
Rates are negotiable, depending on the amount and tenor.
Frequently Asked Questions
- What minimum amount may be invested in the Fund?
The minimum amount is N100,000 (One Hundred Thousand Naira).
- What is the period/tenor of investment?
The investment is booked for a period of 90 days and is subject to rollover at maturity.
- How do I get my returns on investment?
Returns can either be paid into the customer’s account or a cheque issued OR Returns can also be capitalized with the principal amount at maturity depending on the customer’s mandate
- Can the investment be used as collateral for a loan or facility?
Yes. The investment can be pledged as collateral for a facility from the bank.
- What are the applicable rates of return?
Rates are negotiable, depending on the amount and tenor