Investment solutions offered by Bank One

Luxury Indian Ocean I The Epitome of Luxury in the Indian Ocean Luxury Indian Ocean I The Epitome of Luxury in the Indian Ocean

  • Home
  • Contact Us
  • Escape
    • Hotels & Villas
    • Wellness
    • Gastronomy
    • Property
    • Events
  • Discovery
    • Sports & Leisure
    • Art & Culture
    • Experience
    • Epicurean
    • Books
  • Business & Investment
    • Finance & economy
    • Technology & Innovation
    • Investment Advice
  • Trendy
    • Luxury Shopping
    • Wedding
    • Inspiration
  • People
  • Luxury Property
    • Luxury Properties for sale
    • Luxury Properties for Holiday Rental
  • EN
    • FR

Investment solutions offered by Bank One

in Business & Investment Investment Advice on April 1, 2019 April 19, 2019 Share Facebook Twitter Pinterest Google+ Email
MoneyTree_Bank One Luxury Mauritius 2

Budget-planning is essential before making an investment, in order to determine how much of our income we are willing to allocate, while refraining from expenses having too much of an impact on our standard of living… Bank One strongly recommends this kind of financial planning. It helps to have a better perspective on current and future financial needs, and to realise forthcoming projects as well, such as the purchase of a house or a car, or even funding your child’s education.

For a better understanding of the solutions offered by Bank One, we have interviewed Shehryar Ali, Head of Retail Banking.

Shehryar_Ali Bank One Luxury Indian Ocean
Tell us about MoneyTree.

Freshly launched, MoneyTree is a savings account solution which offers a rate going up to 2.70% – one of the best on today’s market. With an initial deposit of Rs 50,000, this account has no monthly fees involved and offers several compelling benefits. For instance, the interest rates calculated on your daily balance are payable quarterly; 2.10% annually for a balance between Rs 50,000 and Rs 500,000, and 2.70% for a balance above Rs 500,000. In addition, for amounts greater than Rs 10m, the customer can benefit from a rate up to 3%.

Aside from savings plans, what are the other investment solutions provided by Bank One?

Customers can also opt for a fixed deposit alternative, with a rate reaching up to 4.0%. They can furthermore choose the span of their investment, with a timeframe ranging from 1 to 5 years’ time. They can also determine the frequency of the settlement of interests. The latter can be paid every month, quarter, semester, year or at a specific convened moment; as per the client’s’ needs and projects.

How would you encourage your clients to choose traditional investment solutions like savings accounts in such a low interest-rate environment?

The investment solutions we offer, be it savings accounts or fixed deposit, are bona fide. This shall give them peace of mind for a better financial planning and investment. When choosing a savings account, the client makes a liquid investment – which means it can easily be claimed back, converted into cash without impacting much on its value. This is not always the case when investing.

What do you foresee in terms of investment this year?

As we are not expecting any significant events which could impact on the global and local economy for the coming months, we can assume that the investment rate is likely to remain more or less stable this year. Moreover, in the case of a revision by the MPC, it will incur a very minor change, by only 25 points.

It is however, noteworthy that Bank One currently offers one of the best savings rates on the market, being 2.10%. By contrast, most banks usually propose a rate below 2.0%.

 

Bank One Bank One Budget-planning investment Money Tree Money Tree Savings account

Share This

Mon Tresor Smart City Luxury Indian Ocean 1

Previous Post

← Mon Trésor Smart City: A glimpse into the future
Mon Trésor Smart City: A glimpse into the future
Festival culinaire Beranard Loiseau 2019 A

Next Post

Bernard Loiseau Festival 2019 : a 14th edition full of flavours →
Bernard Loiseau Festival 2019 : a 14th edition full of flavours

Written By

Brinda Venkaya

Brinda Venkaya

You May Also Like

Business & Investment Investment Advice

PLEION Investment Adviser, safekeeping your assets

View Post
Business & Investment Investment Advice

Expatriation: Mauritius ranked 7th most fiscally attractive country by Bradley Hackford

View Post
Business & Investment Finance & Economy

Nurture your savings with Bank One MoneyTree

View Post

banner

Categories

  • Escape
  • Discovery
  • People
  • Business & Investment
  • Trendy
banner

Trending Posts

  • LUX* Grand Baie unfurls itself under a new dawnLUX* Grand Baie unfurls itself under a new dawn December 15, 2021
  • A day at Constance Prince Maurice: Where pleasure awaits!A day at Constance Prince Maurice: Where pleasure awaits! August 6, 2020
  • Adamas : A temple to the diamondAdamas : A temple to the diamond February 14, 2014
  • [Interview] Luxury Estates Mauritius, the new luxury real estate label[Interview] Luxury Estates Mauritius, the new luxury… December 2, 2019

The Luxury Newsletter

I agree to receive the newsletter and promotional messages from luxury-in-mauritius for the email address provided.

Events

Current Month

june, 2022

No Events

THE LUXURY NEWSLETTER

I agree to receive the newsletter and promotional messages from luxury-in-mauritius for the email address provided.

This error message is only visible to WordPress admins

Error: No connected account.

Please go to the Instagram Feed settings page to connect an account.

Categories

  • Escape
  • Discovery
  • People
  • Business & Investment
  • Trendy
Get mediakit

Trending Post

  • LUX* Grand Baie unfurls itself under a new dawnLUX* Grand Baie unfurls itself under a new dawn December 15, 2021
  • A day at Constance Prince Maurice: Where pleasure awaits!A day at Constance Prince Maurice: Where pleasure awaits! August 6, 2020
  • Adamas : A temple to the diamondAdamas : A temple to the diamond February 14, 2014

Recent

  • Embrace the “Beauty Attitude” with Beauty Success !
  • Our favourite spas in Mauritius
  • ENL Group shapes its REAL leaders
banner
CRAFTED WITH BY mediatiz logo
×

Our Brands

Terms & Conditions Privacy Policy


Booking

You have found the perfect home to escape! All you have to do is to pre book the place with the agency. Fill out the form below and the agency will take care of your demand.

Your vacation is almost ready!

This form collects your name and email address so that we can respond to your inquiry. Check out our privacy policy to read on how we protect user information.

I consent to having luxury-in-mauritius collect my name and email.
I agree to receive Luxury Indian Ocean newsletters




Get in touch

This property interests you and you want to know more? By filling out this form, you will be put directly in contact with the agency and Luxury Property can also assist you in your choice.

This property may be the one you are looking for

This form collects your name and email address so that we can respond to your inquiry. Check out our privacy policy to read on how we protect user information.

I consent to having luxury-in-mauritius collect my name and email.
I agree to receive Luxury Indian Ocean newsletters

Newsletter

[customfont2]RECEIVE IN YOUR INBOX THE LATEST NEWS ABOUT LUXURY IN MAURITIUS[/customfont2]

X