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Asked by Biodun on Monday June 16, 2014 at 9:37:44:

I'm interested in investing in a Fixed deposit account that can at least pay me N50,000 per month as part of my retirement investment plans. I'm planning to retire soon and just want an investment that I'm sure will pay me something like N50,000 above every month without me doing any other thing. I need your advice

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Re: How can I earn N50000 per month from a Fixed deposit account Reply by Felix Okoli on Monday June 16, 2014 at 9:45:34:

There are many options available to achieve that.

1. You can invest N6m in a bank that pays at least 10% interest to earn at least N50k per month.

2. You can invest N8m in a bank that offers 8% and that earns you about N53,333 per month.

3. You can invest N10m in a bank that ofers at least 6% and that will still earn you above N50k per month

If you've got the capital in millions, then N50,000 per month is quite possible. You can tell them to pay you the interest on a yearly(N600k) or monthly(N50k) basis.





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