Tag - FNB

Group saving bank accounts

If you form an investment club you will still need to have a bank account for the group in order to collect money and pay out withdrawals. Speak to your bank about the best account for your needs. These bank accounts are specifically aimed at savings clubs: Absa Club account includes accidental death cover for up to 10 members for free and family...

Borrowing to study

It is that time of year when many students will be selecting their courses for the year. In an ideal world one would have saved enough to pay for one’s studies, but unfortunately this is seldom the case and most students need to consider taking a loan. Borrowing money to study is one of the “good” debts because it delivers a return on investment. ...

Money management tools

One thing all financially savvy people have in common is that they have a good handle on their money. They know how much they are worth, what they spend each month and where their money is going. They have savings goals and they understand their debt commitments. This type of awareness requires time and dedication, but thanks to some smart...

Would you buy a house with your friend or sister?

Higher house prices and stricter lending criteria by the banks have pushed homeownership out of reach of many ordinary South Africans on a single income. But if you really wanted to own a house would you be prepared to share the responsibility with a friend? Dieketseng Maleke wants to buy a house so that “instead of renting and paying somebody...

FNB House Price Index low

FNB property economist John Loos gives an overview of the residential property market The FNB House Price Index showed a further slowing in its year-on-year growth rate in August, from a revised 7.8% rate in July to 6.6% in August. The further slowing in the year-on-year growth rate is more or less in line with our expectations, as we have seen...