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Best Money Market fund in Kenya
Rank: Elder Joined: 9/29/2006 Posts: 2,570
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Impunity wrote:TheGeek wrote:Impunity wrote:kimanimsc wrote:Impunity wrote:Kili wrote:Their Pesa+ product is good.I have invested with the last 8 months.Redemption of funds take a max of 3 days,all you need to do is drop them an email.No withdrawal charges if you do not redeem more than once a month.Minimum investment is Kes 2,500 If suppose you had deposited a sum and locked it for 3 months at say 12%, then you have emergency and decided to recall your money after 40 days, will you lose all your interest accrued or you get interest up the 40th day? Pesa+ > Does not lock, interest computed on daily basis but credited on monthly basis into your a/c. So you will access your principal plus the interest accrued for the full month. The interest accrued for the 10 remaining days will be credited into your a/c at the end of the month which will continue to accrue interest if you don't go for it. Is Pan Africa Asset Management owned by Pan african Insuarance? Which is their custodian bank? Where are their offices, in town and in outskirts, if any? Yes fully owned subsidiary of listed panafrica insurance holdings. Custodian is CFC stanbic. PAN-africa.com will get you all the information. PAAM is still tops of the charts. What's the indicative interest rate? The opposite of courage is not cowardice, it's conformity.
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Rank: Elder Joined: 3/2/2009 Posts: 26,331 Location: Masada
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mawinder wrote:Impunity wrote:TheGeek wrote:Impunity wrote:kimanimsc wrote:Impunity wrote:Kili wrote:Their Pesa+ product is good.I have invested with the last 8 months.Redemption of funds take a max of 3 days,all you need to do is drop them an email.No withdrawal charges if you do not redeem more than once a month.Minimum investment is Kes 2,500 If suppose you had deposited a sum and locked it for 3 months at say 12%, then you have emergency and decided to recall your money after 40 days, will you lose all your interest accrued or you get interest up the 40th day? Pesa+ > Does not lock, interest computed on daily basis but credited on monthly basis into your a/c. So you will access your principal plus the interest accrued for the full month. The interest accrued for the 10 remaining days will be credited into your a/c at the end of the month which will continue to accrue interest if you don't go for it. Is Pan Africa Asset Management owned by Pan african Insuarance? Which is their custodian bank? Where are their offices, in town and in outskirts, if any? Yes fully owned subsidiary of listed panafrica insurance holdings. Custodian is CFC stanbic. PAN-africa.com will get you all the information. PAAM is still tops of the charts. Apollo gives on average higher returns that PAAM. Who is the holding bank for Appolo? Spiree Bank or KWFT?  Portfolio: Sold
You know you've made it when you get a parking space for your yatcht.
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Rank: Elder Joined: 3/2/2009 Posts: 26,331 Location: Masada
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jerry wrote:Impunity wrote:TheGeek wrote:Impunity wrote:kimanimsc wrote:Impunity wrote:Kili wrote:Their Pesa+ product is good.I have invested with the last 8 months.Redemption of funds take a max of 3 days,all you need to do is drop them an email.No withdrawal charges if you do not redeem more than once a month.Minimum investment is Kes 2,500 If suppose you had deposited a sum and locked it for 3 months at say 12%, then you have emergency and decided to recall your money after 40 days, will you lose all your interest accrued or you get interest up the 40th day? Pesa+ > Does not lock, interest computed on daily basis but credited on monthly basis into your a/c. So you will access your principal plus the interest accrued for the full month. The interest accrued for the 10 remaining days will be credited into your a/c at the end of the month which will continue to accrue interest if you don't go for it. Is Pan Africa Asset Management owned by Pan african Insuarance? Which is their custodian bank? Where are their offices, in town and in outskirts, if any? Yes fully owned subsidiary of listed panafrica insurance holdings. Custodian is CFC stanbic. PAN-africa.com will get you all the information. PAAM is still tops of the charts. What's the indicative interest rate? 11.6%, the good thing with PAAM is that the investment is a compound interest account, everything compounded daily and credited on month end...better than most Trust who gives a simple interest on monthly basis. But I may be wrong on other Unit Trusts. Portfolio: Sold
You know you've made it when you get a parking space for your yatcht.
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Rank: Elder Joined: 9/29/2006 Posts: 2,570
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Impunity wrote:jerry wrote:Impunity wrote:TheGeek wrote:Impunity wrote:kimanimsc wrote:Impunity wrote:Kili wrote:Their Pesa+ product is good.I have invested with the last 8 months.Redemption of funds take a max of 3 days,all you need to do is drop them an email.No withdrawal charges if you do not redeem more than once a month.Minimum investment is Kes 2,500 If suppose you had deposited a sum and locked it for 3 months at say 12%, then you have emergency and decided to recall your money after 40 days, will you lose all your interest accrued or you get interest up the 40th day? Pesa+ > Does not lock, interest computed on daily basis but credited on monthly basis into your a/c. So you will access your principal plus the interest accrued for the full month. The interest accrued for the 10 remaining days will be credited into your a/c at the end of the month which will continue to accrue interest if you don't go for it. Is Pan Africa Asset Management owned by Pan african Insuarance? Which is their custodian bank? Where are their offices, in town and in outskirts, if any? Yes fully owned subsidiary of listed panafrica insurance holdings. Custodian is CFC stanbic. PAN-africa.com will get you all the information. PAAM is still tops of the charts. What's the indicative interest rate? 11.6%, the good thing with PAAM is that the investment is a compound interest account, everything compounded daily and credited on month end...better than most Trust who gives a simple interest on monthly basis. But I may be wrong on other Unit Trusts. Thanks. If I put in 5M I could get 750,000/= in a year? The opposite of courage is not cowardice, it's conformity.
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Rank: Elder Joined: 9/29/2006 Posts: 2,570
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jerry wrote:Impunity wrote:jerry wrote:Impunity wrote:TheGeek wrote:Impunity wrote:kimanimsc wrote:Impunity wrote:Kili wrote:Their Pesa+ product is good.I have invested with the last 8 months.Redemption of funds take a max of 3 days,all you need to do is drop them an email.No withdrawal charges if you do not redeem more than once a month.Minimum investment is Kes 2,500 If suppose you had deposited a sum and locked it for 3 months at say 12%, then you have emergency and decided to recall your money after 40 days, will you lose all your interest accrued or you get interest up the 40th day? Pesa+ > Does not lock, interest computed on daily basis but credited on monthly basis into your a/c. So you will access your principal plus the interest accrued for the full month. The interest accrued for the 10 remaining days will be credited into your a/c at the end of the month which will continue to accrue interest if you don't go for it. Is Pan Africa Asset Management owned by Pan african Insuarance? Which is their custodian bank? Where are their offices, in town and in outskirts, if any? Yes fully owned subsidiary of listed panafrica insurance holdings. Custodian is CFC stanbic. PAN-africa.com will get you all the information. PAAM is still tops of the charts. What's the indicative interest rate? 11.6%, the good thing with PAAM is that the investment is a compound interest account, everything compounded daily and credited on month end...better than most Trust who gives a simple interest on monthly basis. But I may be wrong on other Unit Trusts. Thanks. If I put in 5M I could get 750,000/= in a year? I'm getting 578,594.18 as interest in one year using interest rate of 11% pa compounded every month. http://www.moneychimp.co..._interest_calculator.htm The opposite of courage is not cowardice, it's conformity.
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Rank: Elder Joined: 3/2/2009 Posts: 26,331 Location: Masada
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jerry wrote:jerry wrote:Impunity wrote:jerry wrote:Impunity wrote:TheGeek wrote:Impunity wrote:kimanimsc wrote:Impunity wrote:[quote=Kili]Their Pesa+ product is good.I have invested with the last 8 months.Redemption of funds take a max of 3 days,all you need to do is drop them an email.No withdrawal charges if you do not redeem more than once a month.Minimum investment is Kes 2,500 If suppose you had deposited a sum and locked it for 3 months at say 12%, then you have emergency and decided to recall your money after 40 days, will you lose all your interest accrued or you get interest up the 40th day? Pesa+ > Does not lock, interest computed on daily basis but credited on monthly basis into your a/c. So you will access your principal plus the interest accrued for the full month. The interest accrued for the 10 remaining days will be credited into your a/c at the end of the month which will continue to accrue interest if you don't go for it. Is Pan Africa Asset Management owned by Pan african Insuarance? Which is their custodian bank? Where are their offices, in town and in outskirts, if any? Yes fully owned subsidiary of listed panafrica insurance holdings. Custodian is CFC stanbic. PAN-africa.com will get you all the information. PAAM is still tops of the charts. What's the indicative interest rate? 11.6%, the good thing with PAAM is that the investment is a compound interest account, everything compounded daily and credited on month end...better than most Trust who gives a simple interest on monthly basis. But I may be wrong on other Unit Trusts. Thanks. If I put in 5M I could get 750,000/= in a year? I'm getting 578,594.18 as interest in one year using interest rate of 11% pa compounded every month. http://www.moneychimp.co...interest_calculator.htm[/quote] Lucky you, 5M when well safely lent to a hungry gaament at 14% 9-IFR can make you a cool Kes. 58K per month...for free while doing nothing really. Better than 30% annual gain most "clean" bizness will give in Kenya plus the headache to boot! Portfolio: Sold
You know you've made it when you get a parking space for your yatcht.
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Rank: User Joined: 1/20/2014 Posts: 3,528
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Impunity wrote:jerry wrote:jerry wrote:Impunity wrote:jerry wrote:Impunity wrote:TheGeek wrote:Impunity wrote:kimanimsc wrote:Impunity wrote:[quote=Kili]Their Pesa+ product is good.I have invested with the last 8 months.Redemption of funds take a max of 3 days,all you need to do is drop them an email.No withdrawal charges if you do not redeem more than once a month.Minimum investment is Kes 2,500 If suppose you had deposited a sum and locked it for 3 months at say 12%, then you have emergency and decided to recall your money after 40 days, will you lose all your interest accrued or you get interest up the 40th day? Pesa+ > Does not lock, interest computed on daily basis but credited on monthly basis into your a/c. So you will access your principal plus the interest accrued for the full month. The interest accrued for the 10 remaining days will be credited into your a/c at the end of the month which will continue to accrue interest if you don't go for it. Is Pan Africa Asset Management owned by Pan african Insuarance? Which is their custodian bank? Where are their offices, in town and in outskirts, if any? Yes fully owned subsidiary of listed panafrica insurance holdings. Custodian is CFC stanbic. PAN-africa.com will get you all the information. PAAM is still tops of the charts. What's the indicative interest rate? 11.6%, the good thing with PAAM is that the investment is a compound interest account, everything compounded daily and credited on month end...better than most Trust who gives a simple interest on monthly basis. But I may be wrong on other Unit Trusts. Thanks. If I put in 5M I could get 750,000/= in a year? I'm getting 578,594.18 as interest in one year using interest rate of 11% pa compounded every month. http://www.moneychimp.co...interest_calculator.htm[/quote] Lucky you, 5M when well safely lent to a hungry gaament at 14% 9-IFR can make you a cool Kes. 58K per month...for free while doing nothing really. Better than 30% annual gain most "clean" bizness will give in Kenya plus the headache to boot! 5m with 3 Shaina trips per year can easily be tripled annually and when compounded is crazy, while eating exotic fish in foreign parlors and you join @DBK league by 2020  Formal education will make you a living. Self-education will make you a fortune - Jim Rohn.
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Rank: Elder Joined: 3/2/2009 Posts: 26,331 Location: Masada
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Othelo wrote:Impunity wrote:jerry wrote:jerry wrote:Impunity wrote:jerry wrote:Impunity wrote:TheGeek wrote:Impunity wrote:kimanimsc wrote:Impunity wrote:[quote=Kili]Their Pesa+ product is good.I have invested with the last 8 months.Redemption of funds take a max of 3 days,all you need to do is drop them an email.No withdrawal charges if you do not redeem more than once a month.Minimum investment is Kes 2,500 If suppose you had deposited a sum and locked it for 3 months at say 12%, then you have emergency and decided to recall your money after 40 days, will you lose all your interest accrued or you get interest up the 40th day? Pesa+ > Does not lock, interest computed on daily basis but credited on monthly basis into your a/c. So you will access your principal plus the interest accrued for the full month. The interest accrued for the 10 remaining days will be credited into your a/c at the end of the month which will continue to accrue interest if you don't go for it. Is Pan Africa Asset Management owned by Pan african Insuarance? Which is their custodian bank? Where are their offices, in town and in outskirts, if any? Yes fully owned subsidiary of listed panafrica insurance holdings. Custodian is CFC stanbic. PAN-africa.com will get you all the information. PAAM is still tops of the charts. What's the indicative interest rate? 11.6%, the good thing with PAAM is that the investment is a compound interest account, everything compounded daily and credited on month end...better than most Trust who gives a simple interest on monthly basis. But I may be wrong on other Unit Trusts. Thanks. If I put in 5M I could get 750,000/= in a year? I'm getting 578,594.18 as interest in one year using interest rate of 11% pa compounded every month. http://www.moneychimp.co...interest_calculator.htm[/quote] Lucky you, 5M when well safely lent to a hungry gaament at 14% 9-IFR can make you a cool Kes. 58K per month...for free while doing nothing really. Better than 30% annual gain most "clean" bizness will give in Kenya plus the headache to boot! 5m with 3 Shaina trips per year can easily be tripled annually and when compounded is crazy, while eating exotic fish in foreign parlors and you join @DBK league by 2020 China trip to import nguoz ama biachara gani? Portfolio: Sold
You know you've made it when you get a parking space for your yatcht.
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Rank: Elder Joined: 3/2/2009 Posts: 26,331 Location: Masada
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How can PAAM levy market rates for depositing funds through their Mpesa paybill number? Makes no sense... Depositing say 20K using Kes.220 when the ineterst rate is 10% pa make no business sense. Portfolio: Sold
You know you've made it when you get a parking space for your yatcht.
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Rank: Veteran Joined: 11/14/2006 Posts: 1,311
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Impunity wrote:Othelo wrote:Impunity wrote:jerry wrote:jerry wrote:Impunity wrote:jerry wrote:Impunity wrote:TheGeek wrote:Impunity wrote:kimanimsc wrote:Impunity wrote:[quote=Kili]Their Pesa+ product is good.I have invested with the last 8 months.Redemption of funds take a max of 3 days,all you need to do is drop them an email.No withdrawal charges if you do not redeem more than once a month.Minimum investment is Kes 2,500 If suppose you had deposited a sum and locked it for 3 months at say 12%, then you have emergency and decided to recall your money after 40 days, will you lose all your interest accrued or you get interest up the 40th day? Pesa+ > Does not lock, interest computed on daily basis but credited on monthly basis into your a/c. So you will access your principal plus the interest accrued for the full month. The interest accrued for the 10 remaining days will be credited into your a/c at the end of the month which will continue to accrue interest if you don't go for it. Is Pan Africa Asset Management owned by Pan african Insuarance? Which is their custodian bank? Where are their offices, in town and in outskirts, if any? Yes fully owned subsidiary of listed panafrica insurance holdings. Custodian is CFC stanbic. PAN-africa.com will get you all the information. PAAM is still tops of the charts. What's the indicative interest rate? 11.6%, the good thing with PAAM is that the investment is a compound interest account, everything compounded daily and credited on month end...better than most Trust who gives a simple interest on monthly basis. But I may be wrong on other Unit Trusts. Thanks. If I put in 5M I could get 750,000/= in a year? I'm getting 578,594.18 as interest in one year using interest rate of 11% pa compounded every month. http://www.moneychimp.co...interest_calculator.htm[/quote] Lucky you, 5M when well safely lent to a hungry gaament at 14% 9-IFR can make you a cool Kes. 58K per month...for free while doing nothing really. Better than 30% annual gain most "clean" bizness will give in Kenya plus the headache to boot! 5m with 3 Shaina trips per year can easily be tripled annually and when compounded is crazy, while eating exotic fish in foreign parlors and you join @DBK league by 2020 China trip to import nguoz ama biachara gani? I doubt this chap @Othelo knows what he is talking about. Ni kubwa yawa.
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