Money Market Investment
Low-risk investment ideal for conservative investors, so you can grow your wealth without worry.
GABS Regular Classic Note
With GABS Regular Classic Note, you earn periodic interest—monthly or quarterly—or choose to compound it with your principal at maturity. This liquid product gives you the flexibility to manage your returns while growing your wealth.
Earn Steady Returns with GABS Regular Classic Note
FAQs
Can I use my investment certificate for loan or visa applications?
Yes, your GABS Regular Classic Note investment certificate can be used as a supporting document when applying for loans or visa applications. It serves as proof of your financial standing and commitment.
What tenors are available for the GABS Regular Classic Note?
The Regular Classic Note is available in 180-day, 270-day, and 365-day tenors. You can choose the tenor that aligns best with your financial goals and timelines.
Can I roll over my investment after it matures?
Yes, you have the option to roll over your investment once it reaches maturity, allowing you to continue benefiting from the attractive interest rates.
What is the process for early termination or withdrawal?
For early termination or withdrawal, you are required to give 5 working days' notice. However, please note that early termination will attract a 35% charge to the accrued interest.
Is the investment return subject to taxes?
Yes, returns on the GABS Regular Classic Note are subject to a statutory 10% withholding tax (WHT), which will be deducted before disbursing your returns.
What is the minimum amount required to invest in the GABS Regular Classic Note?
The minimum investment amount is N1,000,000.00. This ensures that you have significant capital to benefit from the competitive interest rates offered.
Can the interest rate be negotiated?
Yes, the interest rate is negotiable depending on the investment amount and the chosen tenor. The more you invest, and the longer the tenor, the more room there is for negotiation.
