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FIXED DEPOSIT TERMS
Rank: Elder Joined: 3/2/2009 Posts: 26,328 Location: Masada
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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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Rank: Chief Joined: 5/31/2011 Posts: 5,121
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T Bills outdo Fixed Deposit Terms any day!
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Rank: Chief Joined: 5/31/2011 Posts: 5,121
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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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Rank: Elder Joined: 7/11/2012 Posts: 5,222
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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
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Rank: Chief Joined: 5/31/2011 Posts: 5,121
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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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Rank: Veteran Joined: 11/17/2012 Posts: 1,461 Location: Ngong Forest
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And the USD rates quite good,are we heading to hundred?
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Rank: Elder Joined: 3/2/2009 Posts: 26,328 Location: Masada
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Ngong wrote:And the USD rates quite good,are we heading to hundred?  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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Rank: Veteran Joined: 11/17/2012 Posts: 1,461 Location: Ngong Forest
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You mean ya baba nani...!
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Rank: Elder Joined: 4/30/2008 Posts: 6,029
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Impunity wrote:Ngong wrote:And the USD rates quite good,are we heading to hundred? 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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Rank: Elder Joined: 6/27/2008 Posts: 4,114
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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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Rank: Elder Joined: 2/16/2007 Posts: 2,114
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mukiha wrote: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 What about Amana?
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Rank: Chief Joined: 5/31/2011 Posts: 5,121
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mukiha wrote: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 @mukiha, give us the numbers after factoring in the fund management charges
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Rank: Elder Joined: 4/22/2010 Posts: 11,522 Location: Nairobi
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mwekez@ji wrote:mukiha wrote: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 @mukiha, give us the numbers after factoring in the fund management charges ...am with @ mwekezaji on this when you start factoring the tu small costs here and there t-bills are way better form of investment. possunt quia posse videntur
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Rank: Elder Joined: 3/2/2009 Posts: 26,328 Location: Masada
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mawinder wrote:Impunity wrote:Ngong wrote:And the USD rates quite good,are we heading to hundred? 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. Me too, though silently. My foreign currency reserve is good with that coalition but what next after dumping the USDs?  Portfolio: Sold
You know you've made it when you get a parking space for your yatcht.
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Rank: Elder Joined: 6/27/2008 Posts: 4,114
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mwekez@ji wrote:mukiha wrote: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 @mukiha, give us the numbers after factoring in the fund management charges The quoted figures are net of management fees and withholding taxes! 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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Rank: Chief Joined: 5/31/2011 Posts: 5,121
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mukiha wrote:mwekez@ji wrote:mukiha wrote: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 @mukiha, give us the numbers after factoring in the fund management charges The quoted figures are net of management fees and withholding taxes! @mukiha, what are the quoted figures (net of management fees and WHT? Link?
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Rank: Elder Joined: 6/27/2008 Posts: 4,114
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mwekez@ji wrote:mukiha wrote:mwekez@ji wrote:mukiha wrote: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 @mukiha, give us the numbers after factoring in the fund management charges The quoted figures are net of management fees and withholding taxes! @mukiha, what are the quoted figures (net of management fees and WHT? Link? Figures are listed in the newspapers daily... on the same page as stocks and currencies. My January statement at CIC has just arrived, the fund earned an average of 9.39% pa net - this is the amount credited to my account. 90-day T Bills were hovering around 8.5% in the same month. 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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Rank: Elder Joined: 6/27/2008 Posts: 4,114
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Chaka wrote:mukiha wrote: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 What about Amana? I don't know anything about Amana apart from that they report higher returns than everybody. But who's their tall uncle? CIC has Co-Op bank behind it Britam has Eqty ICEA is, well, huge in it's own right. etc How about Amana? Who knows? For that reason, I am hesitant to put my money with them. 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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Rank: Elder Joined: 3/2/2009 Posts: 26,328 Location: Masada
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mukiha wrote:Chaka wrote:mukiha wrote: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 What about Amana? I don't know anything about Amana apart from that they report higher returns than everybody. But who's their tall uncle? CIC has Co-Op bank behind it Britam has Eqty ICEA is, well, huge in it's own right. etc How about Amana? Who knows? For that reason, I am hesitant to put my money with them. And with which Trust do you put your money? Portfolio: Sold
You know you've made it when you get a parking space for your yatcht.
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Rank: Elder Joined: 2/16/2007 Posts: 2,114
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Where do these MMF's invest the funds so as to give returns higher than the TB's..?
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