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Treasury-Backed Note

Government paper, in amounts you can actually buy.

We buy Federal Government treasury bills and pass the return through, from ₦25,000 instead of ₦50 million.

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19%a year, backed by FGN treasury bills

19%
a year
₦25,000
to start
91–364
days
FGN
treasury bills behind it

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.

Hundred thousands

Five hundred thousand naira

For how long?

What you get back

₦585,500

after 364 days, at 19% a year

Amount you save
₦500,000
Interest earned
₦95,000
Withholding tax at 10%
-₦9,500

The treasury bill yield for your tenor, less our 0.5% arrangement fee and the 10% withholding tax the law requires us to deduct on interest.

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Saving ₦500,000 in Treasury-Backed Note for 364 days earns ₦85,500 after tax, giving ₦585,500 back.

How it works

How Treasury-Backed Note works

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

  1. 1

    Choose a tenor

    91, 182 or 364 days — the same tenors the CBN auctions, so the rate you get is the market rate.

  2. 2

    We buy at the auction

    Your money joins the pool we bid with, which is how a ₦25,000 holding gets an institutional price.

  3. 3

    You are paid at maturity

    Capital and return together, into your Flex Savings, on the day the bill matures.

In the app

This is Treasury-Backed 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.

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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.

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

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Rates and limits

91-day tenor
Indicative — set at auction
17% p.a.
182-day tenor
Indicative — set at auction
18% p.a.
364-day tenor
Indicative — set at auction
19% p.a.
Minimum
₦25,000
Withholding tax on interest
Statutory. Deducted before payment
10%

What it costs

Arrangement fee
Of the amount, once, taken from the return
0.5%
Holding to maturity
Free
Selling early
Of the amount sold, at the market price on the day
1%

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.

Because treasury bill yields are set at the CBN’s auction, not by us. We show you the last auction’s rate so you know roughly what to expect, and we confirm your exact rate before you commit. We never quote a rate we cannot get.

The bills themselves are Federal Government obligations, which is the lowest-risk naira instrument there is. It is still an investment rather than a deposit, so it is not NDIC-insured in the way your savings are.

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Fixed Income Note

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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 Treasury-Backed Note in five minutes, on your phone.

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

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