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In today’s fast-moving world, the cost of living is escalating at an alarming rate. Unfortunately, our incomes are not increasing at the same pace which often results in people taking up loans to cope with the rising costs. Before they know it, they find themselves spiralling down the debt hole unable to pay it off.
If you have old debts, paying them off should be a priority. Living a debt-free life not only means reduced stress but also gives you a better chance to withstand personal emergencies. It gives you enhanced ability to get on the path of financial freedom and build enough corpus that can take care of your financial needs. But how can you pay off your debts when your income remains the same but your debts keep on increasing? Enter investments.
Where to invest?
There are plenty of investment options that you can choose to park your money including savings account, fixed deposits, bonds, and more. With conventional investment options, the returns in the recent past have been quite unsatisfactory. For example, high-interest savings accounts offer interest rates between 1% and 2.20% while bond funds are known to fetch from 0.65% to 1.83% for mid-term. As investors, we all wish to earn the highest returns in the shortest time.
Fortunately, there are many investment platforms available today for investors or just average people who are looking for high returns. Not everyone has the time or technical ability to invest in mutual funds or stocks. While some others may have a low-risk tolerance. Investment platforms take care of all these factors and simply give you an option to invest in their product and watch your money grow with minimal efforts.
Iban Wallet is a global online investment platform that lets you earn fixed interest daily by investing in its different investment products. Depending on the product you pick, the interest rates vary from a projected 2.5% AER to 6% AER. You could earn this interest daily and get it credited to your account. What’s even better is the real-time notifications that inform you on transactions you make or the earnings on your Iban account. Another benefit of earning fixed interest daily is that you can calculate your earnings and plan how much you wish to save. This allows you to plan well in advance and chalk out how you can clear all your existing debts in a phased manner.
Many a time, investors hesitate or delay investing their money because they feel it requires a lump sum amount to grow or earn decent returns. But with Iban, you can start investing for as low as €/$1. The low investment requirement serves as an encouragement for small investors or those who do not have enough savings in their bank accounts. Besides, you can request to withdraw money whenever you need it. So, your funds are not locked-in, and you can use them in case of emergencies. Other traditional forms of investments such as fixed deposits or bonds may not provide such high liquidity to investors.
Another major criteria before choosing an investment product is safety. After all, you need to be sure that your money is going nowhere and you can trust the investment platform. Keeping the security and safety of investors‘ funds in mind, Iban has put in place three-layer risk mitigation and investor protection policy that ensures your investments remain safe. Even in the unlikely event that a loan borrower defaults, your money is protected through Asset-backed Loans, a Buyback Guarantee and a Safeguard Trust.
To conclude, alternative investment platforms are an effective way to earn high returns, clear off your debts and take control of your personal finance.