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Faulu Kenya now beats T-Bills for fixed deposits
Rank: Elder Joined: 3/2/2009 Posts: 26,331 Location: Masada
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Pesa Nane wrote:Impunity wrote:Please explain how the current Tbills beat Faulu hands down, please illustrate with figures as I did above.  T-Bill 1895 the weighted price of Ksh.100 is 88.777 meaning a discount of Ksh. 11.223 per every 100 bob. Mr. Faulu = 1,000,000 Mr Tbill (1895) = 1,000,000 Investing options: Mr. Faulu: 1,000,000 at 12% in Faulu Mr. T-bill: 887,770 in T-bill and 112,230 at 12% in Faulu (Remember 112,230 is the upfront discount) After 1 Year: Mr. Faulu 1,000,000 + 12% interest = 1,120,000 Mr. Tbill 1,000,000 yield + (112,230 + 12% interest) = 1,125,697.60 Difference = 5,697.60  The difference is pesa nane for real!!! Portfolio: Sold
You know you've made it when you get a parking space for your yatcht.
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Rank: Elder Joined: 5/25/2012 Posts: 4,105 Location: 08c
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Impunity wrote:Pesa Nane wrote:Impunity wrote:Please explain how the current Tbills beat Faulu hands down, please illustrate with figures as I did above. T-Bill 1895 the weighted price of Ksh.100 is 88.777 meaning a discount of Ksh. 11.223 per every 100 bob. Mr. Faulu = 1,000,000 Mr Tbill (1895) = 1,000,000 Investing options: Mr. Faulu: 1,000,000 at 12% in Faulu Mr. T-bill: 887,770 in T-bill and 112,230 at 12% in Faulu (Remember 112,230 is the upfront discount) After 1 Year: Mr. Faulu 1,000,000 + 12% interest = 1,120,000 Mr. Tbill 1,000,000 yield + (112,230 + 12% interest) = 1,125,697.60 Difference = 5,697.60 The difference is pesa nane for real!!! Nice settlement.  But take that in multiples and well...... Pesa Nane plans to be shilingi when he grows up.
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Rank: Veteran Joined: 11/17/2012 Posts: 1,461 Location: Ngong Forest
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Faulu gives you that % interest if invested amount is 1,000,000 and above
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Rank: Elder Joined: 3/2/2009 Posts: 26,331 Location: Masada
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Ngong wrote:Faulu gives you that % interest if invested amount is 1,000,000 and above Please sms your request to 0708000111 before posting ignorance here. Portfolio: Sold
You know you've made it when you get a parking space for your yatcht.
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Rank: Elder Joined: 5/25/2012 Posts: 4,105 Location: 08c
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Impunity wrote:Ngong wrote:Faulu gives you that % interest if invested amount is 1,000,000 and above Please sms your request to 0708000111 before posting ignorance here. @Impunity with impunity. Source Faulu Kenya: The Faulu Faida Fixed deposit account is an innovative product allows individual, chamas, companies and churches to enjoy competitive, high returns on their deposits over a period of time. Our minimum fixed deposit value is Kshs 5,000 to the maximum of your ability But does the minimum amount attract the advertised 12%? someone in the know? Pesa Nane plans to be shilingi when he grows up.
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Rank: Elder Joined: 4/30/2008 Posts: 6,029
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Pesa Nane wrote:Impunity wrote:Ngong wrote:Faulu gives you that % interest if invested amount is 1,000,000 and above Please sms your request to 0708000111 before posting ignorance here. @Impunity with impunity. Source Faulu Kenya: The Faulu Faida Fixed deposit account is an innovative product allows individual, chamas, companies and churches to enjoy competitive, high returns on their deposits over a period of time. Our minimum fixed deposit value is Kshs 5,000 to the maximum of your ability But does the minimum amount attract the advertised 12%? someone in the know? Yes.Faulu FDR is 13% if you negotiate well.Just walk into Faulu with 5m cash and tell them they either give you a rate of 13% or you go away with the money.I know a friend who was given a rate of 13% by Faulu early this year.
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Rank: Veteran Joined: 11/17/2012 Posts: 1,461 Location: Ngong Forest
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Impunity wrote:Ngong wrote:Faulu gives you that % interest if invested amount is 1,000,000 and above Please sms your request to 0708000111 before posting ignorance here. Wewe unafaa kujapwa kofi moja uwe mature!
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Rank: Elder Joined: 3/2/2009 Posts: 26,331 Location: Masada
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Ngong wrote:Impunity wrote:Ngong wrote:Faulu gives you that % interest if invested amount is 1,000,000 and above Please sms your request to 0708000111 before posting ignorance here. Wewe unafaa kujapwa kofi moja uwe mature! Japwa???So you even shrub while typing? OK. By the way the sms inqury to 0708000111 is charged at normal provider rate so u can even sms freely on yu! Portfolio: Sold
You know you've made it when you get a parking space for your yatcht.
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Rank: Veteran Joined: 11/17/2012 Posts: 1,461 Location: Ngong Forest
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Impunity wrote:Ngong wrote:Impunity wrote:Ngong wrote:Faulu gives you that % interest if invested amount is 1,000,000 and above Please sms your request to 0708000111 before posting ignorance here. Wewe unafaa kujapwa kofi moja uwe mature! Japwa???So you even shrub while typing? OK. By the way the sms inqury to 0708000111 is charged at normal provider rate so u can even sms freely on yu! Utoto nayo! kweri haina dawa.
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Rank: Elder Joined: 5/25/2012 Posts: 4,105 Location: 08c
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Ngong wrote:Impunity wrote:Ngong wrote:Impunity wrote:Ngong wrote:Faulu gives you that % interest if invested amount is 1,000,000 and above Please sms your request to 0708000111 before posting ignorance here. Wewe unafaa kujapwa kofi moja uwe mature! Japwa???So you even shrub while typing? OK. By the way the sms inqury to 0708000111 is charged at normal provider rate so u can even sms freely on yu! Utoto nayo! kweri haina dawa. Keep your cool dear wazuans.  Pesa Nane plans to be shilingi when he grows up.
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Faulu Kenya now beats T-Bills for fixed deposits
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