Promoted | Maximise returns with high-interest fixed deposits from Sasfin
high inflation, central banks like the South African Reserve Bank respond by raising interest rates. This increase in interest rates affects consumers, making borrowing more expensive and impacting earnings. However, it also presents an opportunity for. Investing in fixed deposits during these times can be a smart financial strategy. By leveraging higher interest rates, you have the potential to see returns that outpace inflation.
Investing in fixed deposits offers several advantages. Firstly, during inflationary times, the purchasing power of money diminishes. By placing surplus funds into a fixed deposit, you can preserve the value of your money and take advantage of the higher interest rates. Secondly, fixed deposits offer higher yields compared to periods of low interest rates. When overall interest rates are high, fixed deposits provide correspondingly attractive rates.
To get started with fixed deposits, it’s important to consider carefully various factors and find a customised, holistic solution that suits your unique needs. Sasfin offers a range of cash investment products designed to optimise growth while aligning with your investment goals. In the current environment, you can combine medium- and long-term products such as Notice Deposits and Fixed Deposits to invest surplus cash and plan for future expenses.
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