PROVIDING SECURITY IN INSECURE TIMES

Safe and secure retirement investments are key to ensuring the best possible provision for one’s silver years.

When considering an investment partner, one wants to invest in the safest possible platform, which Finbond actively seeks to offer to its clientele. Their Integrated Annual Report for the year ended 28 February 2019 shows that Finbond’s revenue from continuing operations increased by 8.2%, with Cash Received as a percentage of Cash Granted at Group level for the period of March 2018 to February 2019 increased to 138%. These results confirm the substantial progress made by Finbond and reflect management’s ability to execute and deliver good results in adverse and changing market conditions. Finbond was also awarded a 4-star quality award as a high-quality bank in the Lafferty Banking 500 global benchmarking study, and maintains their long-term national scale credit rating of BBB(ZA) and short-term national scale rating of A3(ZA); with the outlook accorded as Stable. Even in adverse market conditions, Finbond’s deposit book ended the year at R996 771 034, including capitalised interest. This indicates the great relationship between Finbond and its depositors.

The following products are available from respectively Finbond Group and Finbond Mutual Bank.

Finbond Group Limited offers a guaranteed 11% interest on investments made for five years, for amounts of R1m or more. Interest can be paid monthly, quarterly, half-yearly or annually, and no initiation fees or monthly administration fees apply. Additionally, the following products are also available:

•Permanent Interest-bearing Shares:

Ideal for investors, pensioners and savers requiring a high, guaranteed rate of return.

As with the R1m investment, and Finbond’s other investment products, interest can be paid monthly, quarterly, half-yearly or annually. 30 days’ notice should be given if the client does not want to transfer the shares after the initial 72-month period. If no notice is received, the shares will be transferred and the invested amount will be paid into the client’s designated bank account on maturity.

Not redeemable but transferable after 72 months. *Minimum subscription R100 000 (one hundred thousand rand). Subject to an approved application. Product rules, terms and conditions apply. Interest can be paid monthly, quarterly, half-yearly or yearly.

• 18 months – Notice – 9.25% Indefinite Period Paid Up Shares:

The ideal type of investment for investors and pensioners looking for a high return without committing themselves to a fixed rate during a rising interest rate cycle. An indefinite period type of investment at nominal higher than fixed deposit rates. Minimum investment period is 18 months with six months’ notice of redemption required after 12 months.

After the 18-month period, three months’ notice of redemption is required. The rate fluctuates according to the prevailing interest rate patterns and in the event of a drop in interest rates at any stage, clients may redeem their investment after receiving notice of the drop in rate during the same month. Dividends can be paid monthly, quarterly, half-yearly or annually.

*Minimum subscription R100 000 (one hundred thousand rand). Subject to an approved application. Product rules, terms and conditions apply. Dividends can be paid monthly, quarterly, half-yearly or yearly.

• Fixed Period Paid Up Shares:

The ideal longer term investment for investors and pensioners looking for a vastly superior rate of return. Fixed Period Paid Up Shares is an excellent way to guarantee and protect investment income during declines in the interest rate cycle. Dividends can be paid monthly, quarterly, half-yearly or annually.

* Minimum subscription R100 000 (one hundred thousand rand). Subject to an approved application. Product rules, terms and conditions apply. Dividends can be paid monthly, quarterly, half-yearly or yearly.

No initiation fees or monthly administration fees are payable on any of the above of Finbond’s Guaranteed Fixed Term Interest Bearing Note. Finbond can be contacted for investment, or related transactional products, by way of email at deposit@finbond.co.za, or phone (012) 460 7288 www.finbondmutualbank.co.za/#/home

Source: http://www.finbondlimited.co.za/page8.html