Bank ratings

[Phil]

An interresting read on bank ratings and the bottom end of the dark continent not looking too shabby at all!

http://www.inceconnect.co.za/article/fi ... 2017-06-28


Of interest is that Capitec offer 10% on a five year fixed deposit, minimum R25k. Better than the other banks. My impression on seeing their branches is very few drifters doing nothing compared to the other major banks.



Phil

 

[9fingers]

An interresting read on bank ratings and the bottom end of the dark continent not looking too shabby at all!

http://www.inceconnect.co.za/article/fi ... 2017-06-28


Of interest is that Capitec offer 10% on a five year fixed deposit, minimum R25k. Better than the other banks. My impression on seeing their branches is very few drifters doing nothing compared to the other major banks.



Phil

It is a great shame that the UK banks don't wake up and smell the coffee and have some creative interest rates. A large proportion of the population have pension pots to cultivate and protect once in payment and the readily available UK offerings are pathetic.
I'm becoming more and more active in the peer to peer lending market and there are a steady stream of borrowers who seem prepared to pay high interest rates back by tangible assets so there is enough cake for the intermediaries as well as the P2P lenders who can get 10-14% with ease.

For those interested, most of the players are represented on this forum http://p2pindependentforum.com/

P2P is not for everyone and this is NOT a recommendation to dive in without doing your research.

Bob