Best interest rate

[Candystore]

Last time I checked the best interest rate for a one-year fixed investment was with TymeBank @ 7% or 8% IIRC.

Anything matching that, or better?

 

[L-Dog]

African bank has the best rates but you will need to look at 5 years and I am not prepared to lock up my money that long and not with African Bank. Thyme bank has the best rate think you can get something like 7-8% on a savings account but capped at R100k.

https://www.africanbank.co.za/en/ho...MIscXVhL7h-AIVyAwGAB2cVQRREAAYASABEgLH1fD_BwE

 

[Candystore]

African bank has the best rates but you will need to look at 5 years and I am not prepared to lock up my money that long and not with African Bank. Thyme bank has the best rate think you can get something like 7-8% on a savings account but capped at R100k.

https://www.africanbank.co.za/en/ho...MIscXVhL7h-AIVyAwGAB2cVQRREAAYASABEgLH1fD_BwE

Thanks. That is also the best I could see.

 

[Candystore]

Forgot to ask:

What are your opinions of the Discovery Capital 200+ offering the following:

• Up to 100% growth over 5 years
• 5 Year fixed investment term
• Minimum of R100k investment
• Boost of up to 20.00% on original investment amount
• Capital protected (Protects up to 30% of market downside)

 

[longboy]

Forgot to ask:

What are your opinions of the Discovery Capital 200+ offering the following:

• Up to 100% growth over 5 years
• 5 Year fixed investment term
• Minimum of R100k investment
• Boost of up to 20.00% on original investment amount
• Capital protected (Protects up to 30% of market downside)

Lock-in period is too long.

 

[deweyzeph]

Forget earning interest. Stick your savings in an offshore account and protect your capital against the devaluation of the rand.

 

[ImagineFZS]

If you want a decent interest rate without having to lock up your funds, I suggest looking at an income fund.

 

[potter123]

here's your answer: https://www.ratecompare.co.za/

 

[Candystore]

Forget earning interest. Stick your savings in an offshore account and protect your capital against the devaluation of the rand.

What about the devaluation of foreign currencies? Pretty sure ZAR is not the only one!

 

[deweyzeph]

What about the devaluation of foreign currencies? Pretty sure ZAR is not the only one!

Obviously your offshore account should be in dollars or pounds, not Turkish Lira.

 

[epah]

Obviously your offshore account should be in dollars or pounds, not Turkish Lira.

Hey whats wrong with Turkish delight?

 

[Snyper564]

Last time I checked the best interest rate for a one-year fixed investment was with TymeBank @ 7% or 8% IIRC.

Anything matching that, or better?

have you finished paying your bond or do you have any other debt?

NEVER look at these accounts until ALL DEBT is settled

 

[Tman*]

Forgot to ask:

What are your opinions of the Discovery Capital 200+ offering the following:

• Up to 100% growth over 5 years
• 5 Year fixed investment term
• Minimum of R100k investment
• Boost of up to 20.00% on original investment amount
• Capital protected (Protects up to 30% of market downside)

check fees, check advisor commissions, check penalties & disadvantages for breaking the ring fence on other Discovery products, and most importantly take into account what you have to pay for all these integrators, boosters and vitalities etc too.

5 Years in a long time to commit in today's world

 

[Dee96]

Forget earning interest. Stick your savings in an offshore account and protect your capital against the devaluation of the rand.

You say that but remember that USD also has fluctuations. For example, if you invested in USD 2 years ago, your return will be negative as of now

 

[ice_cubes]

check fees, check advisor commissions, check penalties & disadvantages for breaking the ring fence on other Discovery products, and most importantly take into account what you have to pay for all these integrators, boosters and vitalities etc too.

5 Years in a long time to commit in today's world

vitality does add up over time