Sanlam Liquid - alternatives ?

[blunomore]

I used a SANLAM LIQUID account to save a few rand monthly in order to serve as a contingency fund. The balance on the account exceeds R100 000.

This product will be phased out in 2014. Sanlam offers me the option to keep the investment in the SIM Money Market Fund, or to have the funds paid out.

Should I go for the SIM Money Market Fund or place it somewhere else, and if so, what do you recommend?

I have also asked my financial advisor (obviously!) but I also like the clever ideas and tips emanating from here some times.

Thanks

 

[tiaanels]

I thought there was a typo in the title - Sunlight Liquid ^^

 

[Tinuva]

I used to have one of these accounts. But at some point decided it wasn't worth it anymore. Moved out all the money and closed it about 3 years ago.

 

[CheekyC]

NEVER trust Sanlam with your money....