FNB flexibond

[Sehlakeng]

You can't compare apples to oranges. Completely different products.

How is one orange and one apple. Please explain to me. A friend of mine had a bond with standard and he was paying extra money every month so that he can finish paying his bond quicker. His extra payments were making little difference because he was paying directly into his bond account. After he complained to standard bank he was advice to stop paying extra money into a bond account and start paying it in bucket account. After that advice he is now bond free.

I bank with fnb and I would like to get an advice what type of product should I take with them if need to pay my bond quicker. I picked up as you chat amongst yourselves that fnb have different flexi bond. If this is the way to go which one should I choose to pay my bond quicker. Please advise.

 

[Sehlakeng]

what are you trying to compare ? A bond with a savings account ?

Dear NoviceDIYer
I just need an advice on how to pay my bond quicker as a fnb customer like one would as standard band customer using bucket account. I am a real novice when it comes to this issues. You mentioned that fnb have different flexi bonds, which one do you think will best suit me? It doesn't matter whether it is a savings or whatever because I will never withdraw extra money I put in my bond, flexi bond or whatever. I just don't want to pay my for 20yrs.

 

[zerocool2009]

First try this: can you log into the app, and transfer money to your bond?

 

[zerocool2009]

If you start to repay your bond, you will save on interest and pay it off quicker

 

[zerocool2009]

Dear NoviceDIYer
I just need an advice on how to pay my bond quicker as a fnb customer like one would as standard band customer using bucket account. I am a real novice when it comes to this issues. You mentioned that fnb have different flexi bonds, which one do you think will best suit me? It doesn't matter whether it is a savings or whatever because I will never withdraw extra money I put in my bond, flexi bond or whatever. I just don't want to pay my for 20yrs.

Fnb only have 1 flexi bond... which enables you to pay more in. Its actually a system flag, but not an actual product. Its a “setting” on a bond