Anybody signed up with Tymebank?

[Speedster]

Nice!!! Welcome to Tyme!

Not planning on using them any time soon as I have a bond to kill, but figured I might as well load them up in case I ever need them

 

[zerocool2009]

Not planning on using them any time soon as I have a bond to kill, but figured I might as well load them up in case I ever need them

Do the maths. R100 000 aint alot. You will make it quickly up. Start one for the wife too ! (double up power)

 

[Speedster]

Do the maths. R100 000 aint alot. You will make it quickly up. Start one for the wife too ! (double up power)

Interest rate on bond is same as on goalsave. Interest earned is taxable, interest saved isn't. Step one is to get the outstanding bond value to R0. Only then does it start making sense to put any funds in a goalsave.

 

[3WA]

Interest earned is taxable,

Tax not really any issue unless you've also stashed R200k or more at a really good interest rate outside your GoalSave. In which case, the question would be, where did you find a better interest rate than TymeBank?

 

[Aharon]

Signed up last night and made my first deposit (EFT). Waiting for it to reflect so I can load up the goalsaves

Did your EFT reflect yet?

 

[zerocool2009]

I did an eft last Saturday (10am. At 2pm, it was in Tyme)! Really impressive for a Saturday to be honest

 

[Speedster]

Did your EFT reflect yet?

No. Still waiting

 

[Gamer]

I wonder if the originating bank makes a difference in time frame. I sent money from Discovery bank to kick off my Tyme accounts. Did EFT at 14h33. Got text from Tyme at 16h26 to say funds received.

 

[Speedster]

I wonder if the originating bank makes a difference in time frame. I sent money from Discovery bank to kick off my Tyme accounts. Did EFT at 14h33. Got text from Tyme at 16h26 to say funds received.

I double checked the payment details and it seems I never completed the EFT yesterday Made the payment now, will see if it clears on a Sat

 

[Aharon]

I double checked the payment details and it seems I never completed the EFT yesterday Made the payment now, will see if it clears on a Sat

It should by 1pm

 

[Speedster]

It should by 1pm

Was in at 8 this morning. 10 goalsaves prepped for (highly unlikely) future use.

 

[zerocool2009]

Was in at 8 this morning. 10 goalsaves prepped for (highly unlikely) future use.

If you dont have other savings (or maybe fnb ones, not bond related), move it

 

[Speedster]

If you dont have other savings (or maybe fnb ones, not bond related), move it

BOND. (excuse the caps, but it seems you're hard of hearing)

 

[zerocool2009]

BOND. (excuse the caps, but it seems you're hard of hearing)

Not really. If your BOND is at 7%... maybe even 6%... review it! Lol

 

[backstreetboy]

BOND. JAMES BOND

 

[Speedster]

Not really. If your BOND is at 7%... maybe even 6%... review it! Lol

As said a few posts back, bond is at 6%

 

[FlashSA]

BOND. (excuse the caps, but it seems you're hard of hearing)

I use access bond for 6 figures // a combo of Tyme Bank and FNB Pocket for emergency/saving for something to buy / hookers and blow carry around money

 

[Speedster]

I use access bond for 6 figures // a combo of Tyme Bank and FNB Pocket for emergency/saving for something to buy / hookers and blow carry around money

What's the win for you in using Tyme over the bond?

 

[Swa]

What's the win for you in using Tyme over the bond?

1%

 

[Speedster]

1%

Bond at 5%. Must be nice.