CBN COOP INVESTMENT FUND SERIES D AND E INTEREST RATE ADJUSTMENT

CBN COOP INVESTMENT FUND SERIES D AND E INTEREST RATE ADJUSTMENT

• Announcement/Notice Board
• April 08, 2021

The Committee resolved to review the rates on Series D and E Investment funds effective from 1^st April 2021 as follows;

Series E.

1. Upfront annual rates of return on new investments is 8%
2. Backend annual rate of return is 9%

Series D.

3. The annual rate is 9%
4. The half-yearly rate is 7-25%
5. The quarterly rate is 7%
6. The monthly rate is 6.75%

Be reminded that the periodic payment dates for series D remain unchanged.

            Monthly – last working day of the month.

            Quarterly - January, April, July, and October- last working day of each month

            Half-yearly - January and July

            Yearly - January

.

The MC shall continue to take necessary measures to safeguard our collective investment and ensure that required competitive returns are realized. 

Thank you for your understanding.

For the CBN COOP:

Treasurer                                                               General Secretary 

Zauro, N.A. 08063787257                                        Mukoro, A.A 08030910276

 Enquiries: Abayomi 08065414253 Ngozi 08066697550