Not so sure about that - my read on fundamentals at the mo' is that if anything, pressure on interest rates is still downward. And my account manager reckons interest rates should be stable or down slightly over the next couple of years still.Originally Posted by murdock
I reckon banks are chasing business because credit worthy people are stillguncredit shy at the moment (which is probably a good thing too).
Of course this strike business might throw a new curve...
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Well ABSA with it systems is currently driving me bonkers. First of it is not worth investing at ABSA simply because of the commission charges. Basically if you invest your money at them then you pay for your own interest for that year “depending on the amount” and only see profit after 2 years. So if you planned to invest for 5 years you better make it 7 years. Not to mention they charge a fee on every amount that goes into the investment so you basically end up with a permanent loss.
peace is a state of mind
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Well ABSA with it systems is currently driving me bonkers. First of it is not worth investing at ABSA simply because of the commission charges. Basically if you invest your money at them then you pay for your own interest for that year “depending on the amount” and only see profit after 2 years. So if you planned to invest for 5 years you better make it 7 years. Not to mention they charge a fee on every amount that goes into the investment so you basically end up with a permanent loss.
that sounds like a typical bank.
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