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FIXED DEPOSIT TERMS
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Impunity
#21 Posted : Saturday, January 26, 2013 12:35:11 PM
Rank: Elder

Joined: 3/2/2009
Posts: 26,331
Location: Masada
Ngong wrote:
MatataMingi wrote:
I have fixed deposit accounts at several banks - all for one year.
There is no automatic renewal.
Before the end of the term YOU decide if you want to renew, and hassle for the best new rate of interest. If you agree it is renewed at the new rate. If not you get your capital plus interest and can shop around for a better rate.
At the moment, out of the "safe" banks I think I&M give a good rate.
Otherwise go for T bills or Bonds.


What are the current rates for say 1M 1 Year.
Do they have also for USD?


Kindu 6.75% pa for I&M.

While T-bills are at11.67% for 364 day.
Portfolio: Sold
You know you've made it when you get a parking space for your yatcht.
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  | | Edit by user: Saturday, January 26, 2013 12:36 PM | Reason: Not specified
mwekez@ji
#22 Posted : Saturday, January 26, 2013 12:46:09 PM
Rank: Chief

You have been a member since:: 5/31/2011
Posts: 5,121
T Bills outdo Fixed Deposit Terms any day!
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mwekez@ji
#23 Posted : Saturday, January 26, 2013 1:04:12 PM
Rank: Chief

You have been a member since:: 5/31/2011
Posts: 5,121
Impunity wrote:
Ngong wrote:
MatataMingi wrote:
I have fixed deposit accounts at several banks - all for one year.
There is no automatic renewal.
Before the end of the term YOU decide if you want to renew, and hassle for the best new rate of interest. If you agree it is renewed at the new rate. If not you get your capital plus interest and can shop around for a better rate.
At the moment, out of the "safe" banks I think I&M give a good rate.
Otherwise go for T bills or Bonds.


What are the current rates for say 1M 1 Year.
Do they have also for USD?


Kindu 6.75% pa for I&M.

While T-bills are at11.67% for 364 day.


@Ngong, FCY FDR in KE do between 0.5-3.5% depending on amount placed and tenor
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Mukiri
#24 Posted : Saturday, January 26, 2013 1:34:56 PM
Rank: Elder

Joined: 7/11/2012
Posts: 5,222
mwekez@ji wrote:
Impunity wrote:
Ngong wrote:
MatataMingi wrote:
I have fixed deposit accounts at several banks - all for one year.
There is no automatic renewal.
Before the end of the term YOU decide if you want to renew, and hassle for the best new rate of interest. If you agree it is renewed at the new rate. If not you get your capital plus interest and can shop around for a better rate.
At the moment, out of the "safe" banks I think I&M give a good rate.
Otherwise go for T bills or Bonds.


What are the current rates for say 1M 1 Year.
Do they have also for USD?


Kindu 6.75% pa for I&M.

While T-bills are at11.67% for 364 day.


@Ngong, FCY FDR in KE do between 0.5-3.5% depending on amount placed and tenor


@mwekez@ji ... Other than going door to door, emails, know of any site that compares updated FCY FDR rates? Other than I&M i'm yet to see a bank that has their foreign currency FDR rates on display

Proverbs 19:21
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mwekez@ji
#25 Posted : Saturday, January 26, 2013 2:55:35 PM
Rank: Chief

You have been a member since:: 5/31/2011
Posts: 5,121
Mukiri wrote:
mwekez@ji wrote:
Impunity wrote:
Ngong wrote:
MatataMingi wrote:
I have fixed deposit accounts at several banks - all for one year.
There is no automatic renewal.
Before the end of the term YOU decide if you want to renew, and hassle for the best new rate of interest. If you agree it is renewed at the new rate. If not you get your capital plus interest and can shop around for a better rate.
At the moment, out of the "safe" banks I think I&M give a good rate.
Otherwise go for T bills or Bonds.


What are the current rates for say 1M 1 Year.
Do they have also for USD?


Kindu 6.75% pa for I&M.

While T-bills are at11.67% for 364 day.


@Ngong, FCY FDR in KE do between 0.5-3.5% depending on amount placed and tenor


@mwekez@ji ... Other than going door to door, emails, know of any site that compares updated FCY FDR rates? Other than I&M i'm yet to see a bank that has their foreign currency FDR rates on display

@mukiri, I don't know of any such site. Over to anybody in the know
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Ngong
#26 Posted : Saturday, January 26, 2013 8:08:21 PM
Rank: Veteran

Joined: 11/17/2012
Posts: 1,461
Location: Ngong Forest
And the USD rates quite good,are we heading to hundred?
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Impunity
#27 Posted : Monday, January 28, 2013 5:55:54 AM
Rank: Elder

Joined: 3/2/2009
Posts: 26,331
Location: Masada
Ngong wrote:
And the USD rates quite good,are we heading to hundred?

smile smile
If a certain coalition wins then USD rate will hit 150 by June 2013; dump and wait for rate to come down.
Portfolio: Sold
You know you've made it when you get a parking space for your yatcht.
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Ngong
#28 Posted : Tuesday, January 29, 2013 8:57:33 PM
Rank: Veteran

Joined: 11/17/2012
Posts: 1,461
Location: Ngong Forest
You mean ya baba nani...!
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mawinder
#29 Posted : Tuesday, January 29, 2013 10:09:28 PM
Rank: Elder

Joined: 4/30/2008
Posts: 6,029
Impunity wrote:
Ngong wrote:
And the USD rates quite good,are we heading to hundred?

smile smile
If a certain coalition wins then USD rate will hit 150 by June 2013; dump and wait for rate to come down.

That is why I support that unnamed coalition.
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mukiha
#30 Posted : Wednesday, January 30, 2013 10:15:24 AM
Rank: Elder

Joined: 6/27/2008
Posts: 4,114
mwekez@ji wrote:
T Bills outdo Fixed Deposit Terms any day!


And Money Market Unit Trusts are currently better than T-Bills. Check out Britam and CIC
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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