Are you planning to invest and raise capital while considering financial institution as your target or you want to raise money or go public via the IPO process.
Sterling bank offers Personal Investments that are guaranteed to give you good value for your money. The bank serve many different purposes and business entities such as Doubble investment, I-invest, Call Deposit,Fixed Deposit, Discounted Certificate Deposit, Ed-Invest and Recurring Deposit.
This guide will cover all Sterling bank investment portfolio and what you need to know before investing on any investment package.
1. Sterling bank Ed-Invest
This is special segment of sterling bank operation that helps individuals or organisations raise capital and provide financial consultancy services to them.The ED-INVEST is an online, web-based impact-driven investment product that allows Investors and Concerned Citizens to invest funds at a competitive interest rate for returns on their investments.
The ED-INVEST enable sterling bank trained teacher for capacity building making Investors Indirect-Supporters of the Education sector. example: Every N100,000 investment done by individuals or organisations Sterling donates N100 to train a teacher.
2. Sterling bank I-invest
Matching up buyers and sellers of securities in the secondary marke, Sterling bank I-invest mobile app allows investors purchase securities and treasury related instruments such as Treasury Bills, Eurobonds and Equities from your mobile device without the aid of a broker.They can also track their investments anytime, anyday because the application is available 24/7
The process is seamless, Easy Withdrawal,Easy Access, secure and Time Saver when compare to dealing with a broker.
How to make uses of Sterling bank I-invest
To make use of this application interested investors should simply download the app from google playstore or App store register and carry out your financial investment.
3. Sterling bank Doubble investment
Investors can now invest either on short or long term in Naira or Dollars and and earn up to 100% interest.
With Doubble Reward, investors can either save monthly in 3,5 or 10 years or save a lump sum. You can then proceed to get up to 100% payout of your capital investment for years after saving.
Investors can also save towards their projects, children’s school fees, vacations, parent’s upkeep and lots more then interest is paid as markup to help hit the target.
You can also get high returns in a short period, as high as 10% per annum when you invest on sterling bank Doubble Fixed investment package.
4. Sterling bank Recurring Deposit
This kind of saving investment portfolio allow interest investors save towards a dream project such as A new car, Further education, A fancy vacation and many more plans to execute .
The Sterling Recurring Deposit Account aid your purposeful, incremental saving while you earn amazing interest.
Features & Benefits Sterling bank Recurring Deposit
Sterling bank Recurring Deposit has the following great features and benefits as adumbrated below.
1.High interest rates.
2.Minimum initial contribution of N5,000.
3.Subsequent monthly contributions in multiples of N5,000.
4.Unlimited number of monthly contributions.
5.Contributions can be made through standing order instructions, post-dated cheques, cash deposits or e-transfers.
6.The account can be opened for children.
Requirements for Sterling bank Recurring Deposit
To qualify for this kind of investment package, Investors should considered the following documents available.
1.Completed account opening form.
2.Int’l passport, driver’s license or national ID card.
3.One recent passport photograph.
4. A utility bill issued within the last 3 months.
You may also like to read: Sterling Bank: how to check statement of account, transfer, BVN update and buy airtime through Whatsapp
5. Sterling bank Fixed Deposit
This is an investment account with a specific amount invested at an agreed interest rate and tenor. Based on customer’s instructions, at the end of agreed period (tenor), the investment can either be rolled over (re-invested) or liquidated (returned to customer) with the interest amount earned.
The interest rate is Attractive and Amount can be terminated at customer’s discretion
Features & Benefits of Sterling bank Fixed Deposit
1.Negotiable and competitive rates
2.Interest is paid at full maturity
3.Investment is renewable on maturity
4.Prompt receipt of investment advice
6. Sterling Bank’s Certificate of Deposit (CD)
This product offered by Sterling Bank provides an interest rate premium in exchange for the customer agreeing to leave a lump-sum deposit untouched for a predetermined period of time.
This type of security representing the bank deposit; it is a bank’s obligation towards the holder of the CD to fulfill all the terms and conditions incorporated in the CD.
Like savings accounts,A certificate of deposit (CD) is a low-risk savings tool that can boost the amount you earn in interest while keeping your money invested in a relatively safe way.
Discount CDs are sold at a discount off their nominal amount and upon expiry of the term, the client receives the amount equal to the nominal amount.The difference between the nominal amount and the purchase amount is the interest earned by the client.
CDs earn compound interest—meaning that periodically, the interest you earn is added to your principal. Then that new total amount earns interest of its own, and so on.
Please note: Before opening a CD, make sure you have an emergency fund—a comfortable amount of savings in an easily accessible account, such as a savings account.
7. Sterling bank Call Deposit
Call deposit is a bank account for investment funds that allows you save and earn interest while you have access to your funds whenever you need it.This is different from certificates of deposit (CD), because certificates of deposit , may offer a higher return and be the best choice if you’ve got excess cash that you don’t think you’ll need for awhile
A call deposit account has no fixed deposit period, provides instant access to funds, and allows unlimited withdrawals and deposits.
Features & Benefits of Sterling bank Call deposit
1. Easily accessible
2. No minimum initial deposit
3. Statement of Transaction available on request
4. Please note that this product is subject to 10% withholding tax
Nigeria Incentive-Based Risk Sharing System for Agricultural Lending (NIRSAL) Guarantee of 75%.
5. 20% of the tractor value will be contributed by the benefiting operator as equity. This would be deposited in the savings account and put on lien throughout the loan period.
6. Bank’s funding of the tractor is 100%.
Most withdrawals from call deposit accounts do not require prior notice unless they are over a certain amount. Based on the amount of funds an institution must maintain as a reserve, notice may be required for large cash withdrawals.