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Fixed Deposit. Help.

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2012		#1 Posted : Friday, July 29, 2011 11:33:36 AM
Rank: Elder Joined: 12/9/2009 Posts: 6,592 Location: Nairobi		I need to put some money in a Fixed Account for 6 months. Which bank is offering the highest interest? Is there somewhere else eg insurance co.? Your help is highly appreciated. BBI will solve it :)
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selah		#2 Posted : Friday, July 29, 2011 11:55:14 AM
Rank: Elder Joined: 10/13/2009 Posts: 1,950 Location: in kenya		My advice to you Is you take a stroll in these small muhindi banks from prime bank to fidelity they offer very competitive rates as compared to the big banks....some even can negotiate their rates upward depending on the amount you are depositing....(I hope you wont cause another rise in inflation with this deposit ) '......to the acknowledgment of the mystery of God, and of the Father, and of Christ; 3 In whom are hid all the treasures of wisdom and knowledge.' Colossians 2:2-3
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2012		#3 Posted : Friday, July 29, 2011 12:08:12 PM
Rank: Elder Joined: 12/9/2009 Posts: 6,592 Location: Nairobi		selah wrote: (I hope you wont cause another rise in inflation with this deposit ) Ha ha... I'm a very small fish and no experience what-so-ever in pharmacy. Thanks. I'm going to look for a chuta now. So far only Postbank looks promising with 2.25%. Imagine BBK is 0.6%???? BBI will solve it :)
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For Sport		#4 Posted : Friday, July 29, 2011 1:15:40 PM
Rank: Veteran Joined: 12/23/2010 Posts: 1,229		2012 Open a CDS Account with the central bank of Kenya. http://www.centralbank.g...rities/cdsaccounts.aspx Then subscribe to the 91 day or 182 day T/Bills. Dont waste your time with fixed deposit accounts. Total rip off
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mukiha		#5 Posted : Friday, July 29, 2011 3:44:15 PM
Rank: Elder Joined: 6/27/2008 Posts: 4,114		Try this one. Very solid bank: http://www.imbank.com/KE/inner.asp?cat=ksfdacc T-Bills currently pay about 9%; the only tricky part is that they are sold at a discount. Thus you get your interest immediately and wait for the principle to mature in 3 / 6 months. E.g., if you bought a 100k Bill, yesterday, you have to cough up sh97,803 and wait for your 100k in October. Will you have the courage to hold onto the sh2,197 for three months? Nothing is real unless it can be named; nothing has value unless it can be sold; money is worthless unless you spend it.
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For Sport		#6 Posted : Friday, July 29, 2011 3:50:05 PM
Rank: Veteran Joined: 12/23/2010 Posts: 1,229		mukiha wrote: Try this one. Very solid bank: http://www.imbank.com/KE/inner.asp?cat=ksfdacc T-Bills currently pay about 9%; the only tricky part is that they are sold at a discount. Thus you get your interest immediately and wait for the principle to mature in 3 / 6 months. E.g., if you bought a 100k Bill, yesterday, you have to cough up sh97,803 and wait for your 100k in October. Will you have the courage to hold onto the sh2,197 for three months? I usually treat the interest in advance as money i can put to work immediately
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Impunity		#7 Posted : Friday, July 29, 2011 6:53:13 PM
Rank: Elder Joined: 3/2/2009 Posts: 26,331 Location: Masada		How easy or difficult is it get these Bills once you have placed an order? And can small wanjiku like me with 100K be given equal chance like @mukiha wirh his 2M dinaris to boot? Portfolio: Sold You know you've made it when you get a parking space for your yatcht.
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For Sport		#8 Posted : Friday, July 29, 2011 7:01:15 PM
Rank: Veteran Joined: 12/23/2010 Posts: 1,229		Impunity wrote: How easy or difficult is it get these Bills once you have placed an order? And can small wanjiku like me with 100K be given equal chance like @mukiha wirh his 2M dinaris to boot? Absolutely - just dont get over ambitious. When filling in the forms, just make a non-competitive bid (which means you get the average interest rate). I think the bids which are rejected are those that quote a much higher interest rate.
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QD		#9 Posted : Monday, August 01, 2011 4:46:39 PM
Rank: Member Joined: 8/5/2009 Posts: 597		2012 wrote: selah wrote: (I hope you wont cause another rise in inflation with this deposit ) Ha ha... I'm a very small fish and no experience what-so-ever in pharmacy. Thanks. I'm going to look for a chuta now. So far only Postbank looks promising with 2.25%. Imagine BBK is 0.6%???? Did you find a better rate? You can also try development bank of kenya or call this number for some competative rates 0714357350 The problem with the world is that the intelligent people are full of doubts while the stupid ones are full of confidence
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2012		#10 Posted : Monday, August 01, 2011 5:01:36 PM
Rank: Elder Joined: 12/9/2009 Posts: 6,592 Location: Nairobi		QD wrote: Did you find a better rate? You can also try development bank of kenya or call this number for some competative rates 0714357350 Thanx QD. Not being answered, I'll call them in the morning 1st thing. I put some cash in Bank of Kigali on Fri but still putting the rest in a Fixed D. BBI will solve it :)
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