n Personal Finance Newsletter - 10% on savings - a deal that's too good to be true? : banking

Volume 2006, Issue 309
  • ISSN :



Extracted from text ... Moneyweb's PERSONAL FINANCE BANKING 10% on savings - a deal that's too good to be true? Capitec is offering the best interest rates around, and some analysts say they'd recommend the bank to their grannies By JACKIE CAMERON CAPITEC, one of the country's smaller banks and generally better known for its loans to lower income earners, is offering a high rate to savers. However, astute investors are always wary of the highest rates on offer because high rewards often mean higher risks. Banks can and do go under, sometimes taking clients' money with them. South Africa has experienced a ..

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