This left me both baffled and intrigued!
By Zain Ullah
@zainkhan121 (859)
Pakistan
May 12, 2024 2:21pm CST
Recently, I stumbled upon an advertisement on Facebook from the National Bank, boasting a banner ad promising a 20 percent APR on investments. Needless to say, I was captivated by this remarkable offer.
I reached out to the bank to inquire about the advertised offer, and they confirmed its authenticity.
With roughly 20 million Pakistani rupees (equivalent to 72,000 USD) in hand, which I acquired from selling the property my late father had left for me last month, my calculations indicate potential monthly profits of around 1,100 USD. Undoubtedly, I am seriously contemplating seizing this opportunity.
Now, I'm curious about your situation. What interest rates does your bank offer in your country? Are you actively involved in investment endeavors? And do you place your trust in investing with banks?
6 people like this
6 responses
@xstitcher (32461)
• Petaluma, California
18 May
My broker at Edward Jones does my investing. I know nothing about how to do it.
1 person likes this
@allknowing (136369)
• India
13 May
Congrats on your findings. Those are good returns.
Our bank deposits are nothing to right home about. Only recently however some banks are offering 9%
@allknowing (136369)
• India
13 May
@zainkhan121 In banks where else (lol) Ofcourse I get pension and medical reimbursesment.
1 person likes this
@zainkhan121 (859)
• Pakistan
13 May
@allknowing I thought you meant other investment firms and companies.
1 person likes this
@AmbiePam (92711)
• United States
13 May
I don’t have any investments myself because I simply live on so little, but my sister and brother-in-law have made some very shrewd investments over the years that have done very well. I do not believe our banks are offering interest rates anywhere close to the numbers you name though.
@zainkhan121 (859)
• Pakistan
13 May
On the internet, there are avenues where you can invest even small amounts, like $100. With long-term investments and 100% compounding, you might witness your money grow from $100 to $1000.
1 person likes this
@kaylachan (69661)
• Daytona Beach, Florida
12 May
We have a few investments, sure. But only a small ammount. Most of which came from my husband's late mother and father.
@lovebuglena (44524)
• Staten Island, New York
14 May
The interest my main bank pays for a savings account is a joke. I keep some of my money there simply for convenience. More access to branches if I need to go to the bank for any reason.
