Join Early Retirement Today
Reply
 
Thread Tools Search this Thread Display Modes
South African Cash Investment Rates
Old 01-11-2008, 05:10 PM   #1
Full time employment: Posting here.
 
Join Date: Dec 2006
Posts: 886
South African Cash Investment Rates

I picked three random South African banks to check their fixed deposit rates. I was surprised how high the returns were, between 9% & 12% per annum.
I haven't thoroughly researched SA banks, their risk, foreigners opening deposits there, etc, but could be worth a little more research.

Welcome to Investec :: Cash Investment Rates

https://www.fnb.co.za/aboutus/rates/fixedDeposit.html

Bidvest Bank - Deposits and Investments
__________________

__________________

Trek is offline   Reply With Quote
Join the #1 Early Retirement and Financial Independence Forum Today - It's Totally Free!

Are you planning to be financially independent as early as possible so you can live life on your own terms? Discuss successful investing strategies, asset allocation models, tax strategies and other related topics in our online forum community. Our members range from young folks just starting their journey to financial independence, military retirees and even multimillionaires. No matter where you fit in you'll find that Early-Retirement.org is a great community to join. Best of all it's totally FREE!

You are currently viewing our boards as a guest so you have limited access to our community. Please take the time to register and you will gain a lot of great new features including; the ability to participate in discussions, network with our members, see fewer ads, upload photographs, create a retirement blog, send private messages and so much, much more!

Old 01-11-2008, 08:01 PM   #2
Give me a museum and I'll fill it. (Picasso)
Give me a forum ...
brewer12345's Avatar
 
Join Date: Mar 2003
Posts: 16,391
AFAIK, S Africa has a long history of restricting repatriation of foreign investors' capital. No thanks.

You want rates that high, buy junk bonds.
__________________

__________________
"There are three kinds of men. The one that learns by reading. The few who learn by observation. The rest have to pee on the electric fence for themselves."



- Will Rogers
brewer12345 is offline   Reply With Quote
Old 01-12-2008, 12:01 PM   #3
Give me a museum and I'll fill it. (Picasso)
Give me a forum ...
 
Join Date: Jul 2006
Posts: 11,018
Be careful. Even South Africans can't get their own money out of the country.
__________________
Meadbh is offline   Reply With Quote
Old 01-12-2008, 12:22 PM   #4
Full time employment: Posting here.
 
Join Date: Dec 2006
Posts: 886
I'm not planning to put any money there. I just like surfing the net for interesting alternative investments. I was just amazed how high the rates were. But if you can't get your money back out, well....
__________________

Trek is offline   Reply With Quote
Old 01-12-2008, 01:18 PM   #5
Give me a museum and I'll fill it. (Picasso)
Give me a forum ...
brewer12345's Avatar
 
Join Date: Mar 2003
Posts: 16,391
I am lead to believethat Iceland and New Zealand have very high rates, ifthat syour idea of a good time. And a lot more stable than S Africa.
__________________
"There are three kinds of men. The one that learns by reading. The few who learn by observation. The rest have to pee on the electric fence for themselves."



- Will Rogers
brewer12345 is offline   Reply With Quote
Old 01-12-2008, 01:22 PM   #6
Full time employment: Posting here.
 
Join Date: Dec 2006
Posts: 886
Quote:
Originally Posted by brewer12345 View Post
I am lead to believethat Iceland and New Zealand have very high rates, ifthat syour idea of a good time. And a lot more stable than S Africa.
Cool, thanks for the tip. I can get a cheap flight to Iceland. Only 3 hours.
__________________

Trek is offline   Reply With Quote
Old 01-12-2008, 03:13 PM   #7
Full time employment: Posting here.
 
Join Date: Dec 2006
Posts: 886
You weren't kidding. CD's are paying around 12% in Iceland.

DailyWealth: Join Me in Iceland… the Land of Double-Digit Interest Rates

Also, for short-term money, Everbank offers Iceland CDs and it is paying roughly 13% APR!

EverBank - World Currency CD
__________________

__________________

Trek is offline   Reply With Quote
Reply


Currently Active Users Viewing This Thread: 1 (0 members and 1 guests)
 
Thread Tools Search this Thread
Search this Thread:

Advanced Search
Display Modes

Posting Rules
You may not post new threads
You may not post replies
You may not post attachments
You may not edit your posts

BB code is On
Smilies are On
[IMG] code is On
HTML code is Off
Trackbacks are Off
Pingbacks are Off
Refbacks are Off


Similar Threads
Thread Thread Starter Forum Replies Last Post
CASH in CD's/Money Market or other investment options? Moneycoming FIRE and Money 10 08-16-2007 12:12 PM
Hi from South Africa sagenx Hi, I am... 2 05-19-2007 01:48 AM
South Atlantic states califdreamer Life after FIRE 66 11-02-2006 10:33 AM
Tyler, South Carolina........ FinanceDude Other topics 21 10-04-2006 03:30 PM
Re: Cash Flow After Expenses & Investment eryx Young Dreamers 8 11-09-2004 08:33 PM

 

 
All times are GMT -6. The time now is 02:07 AM.
 
Powered by vBulletin® Version 3.8.8 Beta 1
Copyright ©2000 - 2017, vBulletin Solutions, Inc.