Want safe, steady returns? The May FG Savings Bond is now open, says Jennifer Awirigwe (Financial Jennifer)
If you’re looking for a low-risk way to grow your money—starting from just N5,000—the Federal Government of Nigeria (FGN) Savings Bond might be your best bet this month. In this quick guide, trusted financial advisor Jennifer Awirigwe breaks down exactly what the May offer includes, how much you can earn, and how to invest before the deadline. Simple, smart, and accessible—just how personal finance should be. Read on:
The Federal Government Savings Bond for May is currently opened. This is what it means and how you can key into the investment
👉Savings Bond is an offer from the government to help us save with as little as 5k.
It happens once a month, usually first week of the month and closes after 5 days.
Here is the details of this month offer
âś…Minimum Amount: N5,000
Risk level: Low risk
Duration: 2 or 3 years (you choose)
Interest: 16.173% and 17.173% for 2 and 3 years respectively
Deadline: 9th Friday morning
âś…More on the Interest Payment:
The interest on it is paid quarterly
Example, if you invest N1M this month, your yearly interest is N171,730. This amount will be dividend into 4, and you will be receiving about 42k each quarter.
On maturity, you get back your capital.
👉How to invest:
Reach out to any investment house or check your email from them if you are subscribed to any.If you wish to invest through Afrinvest, check the link to fill the subscription form.
https://lnkd.in/dDCDw_ky
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