The reasoning seems sound at face value. Your savings are secure and, based on analyses of the best South African savings accounts, you can expect to earn an average 4.88% return.Looking just beyond the banks’ sales pitches though, reveals that the picture isn’t so rosy.
In practical terms, if you’ve held your savings in a South African savings account for 10 years, it has lost around 46% of its international purchasing power. The Revix Savings Vault makes it possible to save in a US Dollar-denominated account, without having to jump through any hoops, while delivering a 12% return. How is this possible? Let’s take a look.To most people, the word cryptocurrency still just means Bitcoin, but the crypto landscape has expanded exponentially to become about much more than just Bitcoin.
Behind the scenes, that bank then lends that money to another customer at +5% interest and pockets the +4% profit. Unlike a traditional savings account, savings vaults use these protocols to provide you with the full return that you deserve.
And how is this taxed RevixInvest ?
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