Money Market Investment
Low-risk investment ideal for conservative investors, so you can grow your wealth without worry.
GABS Time Classic Note
Designed for investors with a long-term horizon, GABS Time Classic Note offers highly competitive returns through a diversified investment portfolio. Perfect for those seeking to grow their wealth over 12 months or more.
Secure Your Future with GABS Time Classic Note
FAQs
What are the tenors available for the GABS Time Classic Note?
The Time Classic Note is available in tenors ranging from 12 to 36 months, catering to investors looking for long-term financial growth.
How often will I receive interest payments?
Interest is paid bi-annually, or you can choose to roll it over into your investment to maximize returns by compounding the interest.
Can I use my investment certificate to access loans or visa applications?
Yes, just like the Regular Classic Note, the investment certificate for the GABS Time Classic Note can be used as a supporting document when applying for loans or visa applications.
Can I roll over my investment after it matures?
Yes, investors have the option to roll over their investment after it matures, allowing you to continue benefiting from attractive interest rates without liquidating the funds.
What happens if I want to terminate my investment early?
Early termination will attract a pre-liquidation charge of 35% on the accrued interest. Additionally, a 5-working-day notice is required for any early termination or withdrawal at maturity.
Are returns on the GABS Time Classic Note taxed?
Yes, returns on this investment are subject to withholding tax (WHT) as required by law.
What is the minimum amount required for the GABS Time Classic Note?
The minimum investment amount is N1,000,000.00, making it ideal for investors seeking higher returns on larger investments.
Can I negotiate the interest rate?
Yes, the interest rate is negotiable based on the amount invested and the tenor chosen. This flexibility allows you to tailor the investment to your financial needs.
