If you’ve been wanting to know how to invest in treasury bills, you’re not alone.
Lots of people have heard about the benefits of investing in treasury bills and thought to try it out for themselves. The only problem people get is complaints of long, unnecessary procedure at banks.
But that’s a thing of the past now.
Sterling Bank in partnership with Parthian Partners,( a pan African inter-brokerage services firm) developed the I-invest app to make it easy for anyone to invest in treasury bills. It’s easy enough to do even if you know nothing about buying treasury bills or how they work. If you can use your bank mobile app, then you’ll be able to use the I-invest app with no wahala.
To get started, you’ll need to download the I-invest app and follow the step by step instructions to register and start investing. After selecting your investment, (with a minimum entry fee of 100,000 Naira), the interest will accrue daily and will be paid to your account on maturity.
You can also withdraw your investments before the maturity date, with the downside of losing your interest.
Now you know how to invest in treasury bills, here’s why you should:
With treasury bills, there are no stories that touch. You get your capital and accrued interest at the maturity date. Note that the interest rate may fluctuate because it is determined by the CBN.
Treasury bills are safe investment opportunities for low to medium earners. If you don’t like high risk investments, treasury bills are for you.
Profits earned from treasury bills are exempt from tax. What’s not to love?
Have you tried to buy treasury bills before now? What was your experience?
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