comparemela.com

Latest Breaking News On - Imvelo wealth - Page 1 : comparemela.com

Don t overlook retail savings bonds as an investment

Don’t overlook retail savings bonds as an investment By Opinion By Anna Rich THE option for South Africans to save in government-backed RSA Retail Savings Bonds has been running since 2004. In exchange for your investment over two, three, five or 10 years, you are paid interest at a rate that is set at the start. As at March 6, the total assets held in these bonds was R8.7 billion. Over the five years from 2014 to 2019, RSA Retail Savings Bond investors who reinvested their interest saw compound annual growth of up to 10.31 percent, according to the bond fact sheet. And this is not eroded by fees: there are no performance or management fees.

© 2024 Vimarsana

vimarsana © 2020. All Rights Reserved.