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Fancy some South African savings rates...?
C_Mababejive
Posts: 11,668 Forumite
http://www.standardbank.co.za/portal/site/standardbank/menuitem.042bffe99ebb1a3d63b1a0103367804c/?vgnextoid=bc1e414a4ae6a110VgnVCM10000050ddb60aRCRD
For info, 10,000 Rand is about £900
For info, 10,000 Rand is about £900
Feudal Britain needs land reform. 70% of the land is "owned" by 1 % of the population and at least 50% is unregistered (inherited by landed gentry). Thats why your slave box costs so much..
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Not really worth it with the Forex risk. They're all per annum rates, therefore not significantly above sterling savings rates.I am a Chartered Financial Planner
Anything I say on the forum is for discussion purposes only and should not be construed as personal financial advice. It is vitally important to do your own research before acting on information gathered from any users on this forum.0 -
And I guess inflation risk exists too? It's at 4.8% currently.0
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Not really worth it with the Forex risk. They're all per annum rates, therefore not significantly above sterling savings rates.
In fact if you have your savings in any other currency (with the exception of, say, Falklands, Jersey, Gurnsey pounds
) then you're just trading foreign exchange - which is fine in its way but it shouldn't be thought of as saving. Sig to go here...0
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