General Category > Shares

FNB Share Saver

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MickDee:

--- Quote from: devan on May 06, 2013, 06:12:04 pm ---Have you looked at the standard bank option as well?? Does FNB work out better??

--- End quote ---
What is the standard bank version of the share saver called?

Aragorn:

--- Quote ---What is the standard bank version of the share saver called?
--- End quote ---
Hi MickDee
SBSA has ASI or Auto Share Invest through it's Internet Banking Option. Has around 110 shares/ETF's to choose from and has reduced fees when compared to it's OST (Online Share Trading) offering.
Pros - Great for startup investors, has a monthly "debit order' type facility, reasonable fees allows for lower capital investments each month.
Cons - Purchases are only done on 25th each month, Sales only concluded on Fridays, all trades done at Market rates, restricted number of shares to choose from.
I used it for for about 7 years initially to build up my capital before switching to OST.

Hamster:
Interesting reading this again. Came across it because I see you can now invest in Ashburton's Global 1200 (ASHGEQ) via the Share Saver which makes it a nice place to potentially invest a lump sum.

A lot has happened since 2013 though:

1. We didn't have that many ETFs back then, STXIND was still the favoured ETF and you had to fill in a pile of paperwork to get anything done. FNB made it easier.
2. I actually went on to work on Standard Bank's Online Share Trading platform (I see it mentioned here)
3. EasyEquities became a thing
4. 26 new financial blogs started
5. I sold my paid off car  :wall:

 :D

Zerocool:
I now moved all my ASH from FNB to EE (no more monthly fees !!! )

Ohhh yeah !

 :TU:

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