1 reviews | Active since Jan 2021
FNB's interest rates
FNB’s interest rates I am extremely concerned about the low interest rates offered by FNB. Whether it is a fixed or flexible investment the best they can do is in the region of 7%. This is quite shocking. I invested a little nest egg and at the time the interest level was at 12%. I asked my financial advisor’s advice and he checked and said, no… interest on savings (fixed or flexible) average 7% currently. I feel I was conned into investing my money and was not told about the tremendous decrease so that I could make a change and look elsewhere. We live in a country were everything is getting more expensive and about 50% of our incomes go to tax in some form or another. We are encouraged to save which is becoming more difficult as it is getting more difficult to make ends meet. When one approaches the bank for credit they charge in the region of 20%. Yet for savings only 7%. This is daylight *******. I am currently looking around at other ways of investing my money because FNB is not being of service in this regard. R.R-Taylor
