Wazua
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Am Looking for Fixed Deposit Acc for 1.6M @ 7% interest??
Rank: New-farer Joined: 12/30/2010 Posts: 65 Location: Europe
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Hallo Wazuans, Anybody knows any fixed deposit account in Kenya that can guarantee 7% for 6-12months in 2012?? The banks arent disclosing their interest rates online. I appreciate any leads...thx 
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Rank: Veteran Joined: 6/17/2009 Posts: 1,619
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Treasury bills are returning 12-13%,better return on your capital.
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Rank: Veteran Joined: 4/30/2010 Posts: 1,635
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Treasury bills at the moment are providing good returns. But if you still want to keep the money in a bank go to Fina Bank or Middle East bank they can give you around 8 percent even if you negotiate well with them.
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Rank: New-farer Joined: 12/30/2010 Posts: 65 Location: Europe
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Thx cnn, but how much tax would i have pay on such interest?? how quick can i get the bills...is one week enough to pull everything through??
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Rank: Elder Joined: 7/21/2010 Posts: 6,183 Location: nairobi
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This are not things you get easily online,you go and bargain round table. "Don't let the fear of losing be greater than the excitement of winning."
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Rank: New-farer Joined: 12/30/2010 Posts: 65 Location: Europe
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@Mlennya..ok..thx. What i still really need to know is the amount of tax that gets deducted from the interest...thx for the input.
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Rank: Veteran Joined: 10/11/2009 Posts: 1,223
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Rapudox wrote:Hallo Wazuans, Anybody knows any fixed deposit account in Kenya that can guarantee 7% for 6-12months in 2012?? The banks arent disclosing their interest rates online. I appreciate any leads...thx I know MURAMATI SACCO can offer you the following rates for amounts between 1-5 million 1 Month(6.5%), 3 Months(7.0%), 6 Months (7.5%), 12 Months(8.0%) http://www.muramatisacco.co.ke/ History will not remember you for your IQ. It will remember you for what you did. “Genius is 1 percent inspiration, 99 percent perspiration.” Thomas Edison
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Rank: Member Joined: 10/8/2010 Posts: 446 Location: london
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BGL wrote:[quote=Rapudox]Hallo Wazuans, Anybody knows any fixed deposit account in Kenya that can guarantee 7% for 6-12months in 2012?? The banks arent disclosing their interest rates online. I appreciate any leads...thx I know MURAMATI SACCO can offer you the following rates for amounts between 1-5 million 1 Month(6.5%), 3 Months(7.0%), 6 Months (7.5%), 12 Months(8.0%) http://www.muramatisacco.co.ke/[/quote] where are muramati offices in nairobi?
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Rank: Elder Joined: 5/24/2007 Posts: 1,805
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boss try Bank of Africa... they called offering me very very incredible rates! I Think Therefore I Am
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Rank: Member Joined: 8/29/2008 Posts: 571
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WAZUANS:You don't have to lend banks money at a paltry 8%,while a Wazuan can pay more....I can pay 20% interest PA....I pay more than CBK and all banks.Lend it to me ,please!!!!
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Rank: Elder Joined: 7/21/2010 Posts: 6,183 Location: nairobi
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@ali baba has surfaced minus the 40 thieves. "Don't let the fear of losing be greater than the excitement of winning."
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Rank: Elder Joined: 9/29/2006 Posts: 2,570
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Ali Baba wrote:WAZUANS:You don't have to lend banks money at a paltry 8%,while a Wazuan can pay more....I can pay 20% interest PA....I pay more than CBK and all banks.Lend it to me ,please!!!! what will be your security? The opposite of courage is not cowardice, it's conformity.
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Rank: Member Joined: 8/29/2008 Posts: 571
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My security? The lender sets the standard for the security.However,I'm offering 50 Fresian cows ....so, even before I pay interest Wazuans will be enjoying free milk.....
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Rank: Elder Joined: 3/2/2009 Posts: 26,328 Location: Masada
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Ali Baba wrote:My security? The lender sets the standard for the security.However,I'm offering 50 Fresian cows ....so, even before I pay interest Wazuans will be enjoying free milk.....  Rorest! Portfolio: Sold
You know you've made it when you get a parking space for your yatcht.
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Rank: Elder Joined: 2/7/2007 Posts: 11,935 Location: Nairobi
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mlennyma wrote:@ali baba has surfaced minus the 40 thieves. maybe the thieves were rolled into him. @BGL, 6.5% for a month?....Are you sure?? Nothing great was ever achieved without enthusiasm.
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Rank: Member Joined: 2/25/2010 Posts: 158
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go for the saccos. eg United nations sacco in Gigiri pays something close to 12 % or so. and Zimele too. Otherwise put it in shares and hope for the best Keeping it all in the family
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Rank: Member Joined: 4/21/2011 Posts: 119
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@anika66, is zimele a sacco? And is the UN sacco open to all and sundry?
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Rank: Elder Joined: 8/4/2008 Posts: 2,849 Location: Rupi
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mapozi wrote:@anika66, is zimele a sacco? And is the UN sacco open to all and sundry? You must be a current or former staff member. Check with Back of Africa they are very flexible and open for negotiations. Lord, thank you!
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Rank: Member Joined: 12/21/2007 Posts: 84
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Rapudox;if you are serious contact me on githukusm@yahoo.com
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Rank: Member Joined: 10/25/2010 Posts: 519 Location: nairobi
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Rapudox wrote:Hallo Wazuans, Anybody knows any fixed deposit account in Kenya that can guarantee 7% for 6-12months in 2012?? The banks arent disclosing their interest rates online. I appreciate any leads...thx With treasury bills the current interest (next week)is 12.570% for 3 months, so after tax with 1.6M you will make Ksh. 41330.40 after 3 months
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Am Looking for Fixed Deposit Acc for 1.6M @ 7% interest??
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