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Faulu Kenya now beats T-Bills for fixed deposits

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Impunity		#1 Posted : Tuesday, April 02, 2013 6:45:14 AM
Rank: Elder Joined: 3/2/2009 Posts: 26,331 Location: Masada		For Kes. 1,000,000 deposited for 12 months Fualu gives interest of Kes.102,000 (12%) CBK's 364-day T-Bill gives Kes. 95,395 in interest. A Bank fixed deposit is now beating CBK T-bills down, I haven't seen this for a very loooong time. How safe is this Faulu thing? Why are guys still oversubscribing T-Bills at the rate of over 300% when we have "free" money at Faulu Kenya? Portfolio: Sold You know you've made it when you get a parking space for your yatcht.
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subaru		#2 Posted : Tuesday, April 02, 2013 7:40:46 AM
Rank: Member Joined: 3/15/2010 Posts: 391 Location: nairobie		the big question is how viable is this faulu rate or is it a way of raising capital
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mawinder		#3 Posted : Tuesday, April 02, 2013 8:38:44 AM
Rank: Elder Joined: 4/30/2008 Posts: 6,029		Impunity wrote: For Kes. 1,000,000 deposited for 12 months Fualu gives interest of Kes.102,000 (12%) CBK's 364-day T-Bill gives Kes. 95,395 in interest. A Bank fixed deposit is now beating CBK T-bills down, I haven't seen this for a very loooong time. How safe is this Faulu thing? Why are guys still oversubscribing T-Bills at the rate of over 300% when we have "free" money at Faulu Kenya? Faulu rate is 13% net.No hidden charges unlike unit trusts or T bills.
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mukiha		#4 Posted : Tuesday, April 02, 2013 8:44:25 AM
Rank: Elder Joined: 6/27/2008 Posts: 4,114		mawinder wrote: Impunity wrote: For Kes. 1,000,000 deposited for 12 months Fualu gives interest of Kes.102,000 (12%) CBK's 364-day T-Bill gives Kes. 95,395 in interest. A Bank fixed deposit is now beating CBK T-bills down, I haven't seen this for a very loooong time. How safe is this Faulu thing? Why are guys still oversubscribing T-Bills at the rate of over 300% when we have "free" money at Faulu Kenya? Faulu rate is 13% net.No hidden charges unlike unit trusts or T bills. The ad I saw said 12% What hidden charges are there on T-Bills? 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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mwekez@ji		#5 Posted : Tuesday, April 02, 2013 9:08:22 AM
Rank: Chief Joined: 5/31/2011 Posts: 5,121		Here is the ad @mawinder. &i have never seen hidden charges in T Bills. Wacha kudanganya wazuans
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mlennyma		#6 Posted : Tuesday, April 02, 2013 9:17:00 AM
Rank: Elder Joined: 7/21/2010 Posts: 6,194 Location: nairobi		Its just a question of how secure you feel between faulu and cbk "Don't let the fear of losing be greater than the excitement of winning."
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mwekez@ji		#7 Posted : Tuesday, April 02, 2013 9:26:59 AM
Rank: Chief Joined: 5/31/2011 Posts: 5,121		@Impunity, hesabu zakukanganya. 364 day Tbill is attracting an interest rate of 12.676% which is higher than the 12% being given by Faulu 364 T Bill rate link >>> http://www.centralbank.go.ke/im...ts/1978-182-1895-364.pdf
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mukiha		#8 Posted : Tuesday, April 02, 2013 10:55:00 AM
Rank: Elder Joined: 6/27/2008 Posts: 4,114		Interestingly, they don't have their financial reports in the website.... makes you think, doesn't it? Also, earlier this morning, I thought I saw two ads in that website: one saying that fixed deposits are paying 13% and another one saying 12%. It is also not clear whether what they are advertising is after or before withholding tax.... now talk about "hidden" charges! 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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hisah		#9 Posted : Tuesday, April 02, 2013 11:01:45 AM
Rank: Chief Joined: 8/4/2010 Posts: 8,977		mukiha wrote: mawinder wrote: Impunity wrote: For Kes. 1,000,000 deposited for 12 months Fualu gives interest of Kes.102,000 (12%) CBK's 364-day T-Bill gives Kes. 95,395 in interest. A Bank fixed deposit is now beating CBK T-bills down, I haven't seen this for a very loooong time. How safe is this Faulu thing? Why are guys still oversubscribing T-Bills at the rate of over 300% when we have "free" money at Faulu Kenya? Faulu rate is 13% net.No hidden charges unlike unit trusts or T bills. The ad I saw said 12% What hidden charges are there on T-Bills? Hidden charges kwa T-Bills?! Clearly someone doesn't know what they're talking about $15/barrel oil... The commodities lehman moment arrives as well as Sovereign debt volcano!
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Ngong		#10 Posted : Tuesday, April 02, 2013 12:06:50 PM
Rank: Veteran Joined: 11/17/2012 Posts: 1,461 Location: Ngong Forest		He was emotional just come from politics! Amesema pole!
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