Skip to content

Fixed Income Note

Lend to businesses we have already checked.

Notes issued by vetted Nigerian companies, from ₦100,000, paying up to 26% a year over 6 to 24 months.

Start investingSee all rates

Up to 26%a year, with capital at risk

26%
a year at 24 months
₦100,000
per unit
6–24
months
At risk
your capital, and we say so

Work it out

See exactly what you will get back

After tax, not before it. Change the amount or the term and the figure moves with you.

Millions

One million naira

For how long?

What you get back

₦1,198,000

after 12 months, at 22% a year

Amount you save
₦1,000,000
Interest earned
₦220,000
Withholding tax at 10%
-₦22,000

Simple interest at the note’s coupon, held to maturity, less the 10% withholding tax the law requires us to deduct on interest. This figure assumes the issuer pays in full — it is not guaranteed.

Start this plan

Saving ₦1,000,000 in Fixed Income Note for 12 months earns ₦198,000 after tax, giving ₦1,198,000 back.

How it works

How Fixed Income Note works

Four steps at the most, and none of them involves a branch.

  1. 1

    We check the business first

    Audited accounts, security over assets, and a trading history we have verified. Most applications do not get listed.

  2. 2

    You pick a note and a term

    Each one shows the issuer, what the money is for, the coupon and the maturity date before you commit anything.

  3. 3

    Interest is paid every quarter

    Into your Flex Savings, with the capital returned on the maturity date.

  4. 4

    Understand the risk before you start

    This is not a deposit. It is not NDIC-insured, and if an issuer fails you can lose some or all of your capital.

In the app

This is Fixed Income Note, as you will actually see it

Not a screenshot. Everything in this phone is the same code the app is built from, drawn live in your browser.

Get the appStart investing

Fixed Income Note

Invested
₦2,440,000

+₦190,000 returns paid

Coupon22% a year
Matures30 June 2027
IssuerKano Agro Mills
SecurityRegistered over stock

Not an NDIC-insured deposit. Your capital is at risk.

What you need

  • Your BVN.
  • A photo of a valid ID — NIN slip, driver’s licence, voter’s card or passport.
  • A phone number registered in your name.
  • A selfie, taken in the app.
  • A Citadele account that has been open for at least 30 days.
  • You must read and accept the risk statement for each note.

This is an investment, not a deposit. It is not insured by the NDIC and your capital is at risk.

Start investing

Rates and limits

6-month note
From 19% p.a.
12-month note
From 22% p.a.
18-month note
From 24% p.a.
24-month note
Up to 26% p.a.
Minimum per unit
₦100,000
Withholding tax on interest
Statutory. Deducted before payment
10%

What it costs

Buying a note
Free
Holding to maturity
Free
Selling early
Of the amount sold, and only if a buyer is available
1.5%

Questions

The things people ask before they start

If yours is not here, call us on the number at the bottom of this page and a person will answer.

No, and this is the most important line on the page. A Fixed Income Note is an investment, not a deposit. It is not covered by the NDIC. If the issuing business fails you can lose some or all of the money you put in. Our savings products are insured; this one is not, and the higher rate is exactly why.

Two years of audited accounts, a verified trading history, security registered over assets where the note is secured, and a director check. Roughly one in seven businesses that apply are listed. It reduces the risk. It does not remove it.

Only by selling your unit to another customer, for a 1.5% fee, and only if somebody wants to buy it. Plan on holding it to the maturity date — if you might need the money, Fixed Savings at 22% is insured and pays out on a date you can count on.

People also look at

Treasury-Backed Note

Hold Federal Government treasury bills without the ₦50 million ticket.

19%a year, backed by FGN treasury bills

Learn more about Treasury-Backed Note

Fixed Savings

Lock an amount for a term you choose and earn the most we pay.

Up to 22%a year, on a 365-day term

Learn more about Fixed Savings

Flex Savings

Save today, withdraw tomorrow. No notice, no penalty.

12%a year, and you can still reach it

Learn more about Flex Savings

Licensed by the CBN · Deposits insured by NDIC

Open Fixed Income Note in five minutes, on your phone.

Your BVN, a photo of your ID and a selfie. No branch, no forms, no minimum deposit.

Start investingTalk to someone first