The September 2020 FGN Savings Bond auction opens on Monday Sept. 7th, 2020 and will remain open till Friday September 11th, 2020.
- 2 Years FGN Savings Bond due September 16, 2022 @ 3.501% per annum.
- 3 Year FGN Savings Bond due September 16, 2023 @ 4.501% per annum.
Applications can be received in behalf of interested Clients for submission to a distribution agent to the Bond starting from September 7th, 2020.
Subsequent Offers will come up on the first Monday of every month.
FEAUTURES
- Minimum subscription is N5,000, with additions in multiples of N1,000 subject to a maximum of N50 million.
- It is a safe investment backed by government guarantee ( Risk free).
- Competitive interest rate compared to Savings Accounts.
- Interest Income earned on the securities are tax exempt ( Tax free)
- The certificates received can be used as collateral for loan in the bank.
