At Numbers Pro Savings, we offer two types of savings accounts: a long-term investment account and a notice-of-withdrawal (NOW) account, both designed to help you grow your savings. There is a difference between the two, but it is important to understand them. To choose the account that suits your needs and requirements.
Long term investment
Numbers Pro Savings offers long-term investments of 6, 12, or 24. The current interest rate for long-term investments with Numbers Pro for 24 months is 4% per annum, which is four times higher than what major banks offer.
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Long-term investments are ideal for people who have capital that they don’t need to access for the next two years while making emergency investments. You are effectively locking in your funds for a specified period. You cannot access your funds until the end of the specified period. The advantage of long-term investments while accumulating interest is that your interest rate is limited. Thus, if interest rates fall during this period, you will continue to accumulate your savings at a higher interest rate.
A 4% annual interest rate will allow you to grow your savings quickly without worrying about low-interest rates. Apart from attractive rates, Numbers Pro Savings pays monthly interest. Which you can use as a source of income or add to your principles to earn more interest.
You can learn more about long-term investing here.
Now Account
Another option is our 31-day (instant) withdrawal account with a current interest rate of 3.5% per annum which is ideal for those who need savings account for anticipated expenses.
Rather than a long-term investment strategy, opening an account with Numbers Pro Savings now is the best way to save for expenses like vacations, birthdays, car payments, or birthdays.
You can open more than one account. So you can open a savings account for your child.
What is the right account for me?
Not sure which account is right for you? Please contact the APS Savings team to discuss your best investment options. Click on Accounting and Bookkeeping Services Melbourne to know more.
