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Am Looking for Fixed Deposit Acc for 1.6M @ 7% interest??
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Rapudox
#1 Posted : Friday, September 16, 2011 2:06:20 PM
Rank: New-farer

Joined: 12/30/2010
Posts: 65
Location: Europe
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...thxsmile
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cnn
#2 Posted : Friday, September 16, 2011 2:13:51 PM
Rank: Veteran

Joined: 6/17/2009
Posts: 1,627
Treasury bills are returning 12-13%,better return on your capital.
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FUNKY
#3 Posted : Friday, September 16, 2011 2:20:22 PM
Rank: Veteran

Joined: 4/30/2010
Posts: 1,635
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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Rapudox
#4 Posted : Friday, September 16, 2011 2:20:41 PM
Rank: New-farer

Joined: 12/30/2010
Posts: 65
Location: Europe
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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mlennyma
#5 Posted : Friday, September 16, 2011 2:21:19 PM
Rank: Elder

Joined: 7/21/2010
Posts: 6,194
Location: nairobi
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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Rapudox
#6 Posted : Friday, September 16, 2011 2:29:35 PM
Rank: New-farer

Joined: 12/30/2010
Posts: 65
Location: Europe
@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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BGL
#7 Posted : Friday, September 16, 2011 2:32:44 PM
Rank: Veteran

Joined: 10/11/2009
Posts: 1,223
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...thxsmile




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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african coloner
#8 Posted : Friday, September 16, 2011 2:47:02 PM
Rank: Member

Joined: 10/8/2010
Posts: 446
Location: london
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...thxsmile




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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bwenyenye
#9 Posted : Friday, September 16, 2011 2:57:15 PM
Rank: Elder

Joined: 5/24/2007
Posts: 1,805
boss try Bank of Africa... they called offering me very very incredible rates!
I Think Therefore I Am
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Ali Baba
#10 Posted : Friday, September 16, 2011 3:14:21 PM
Rank: Member

Joined: 8/29/2008
Posts: 573
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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