Saving money in a trust account

Alexandoy

VIP Contributor
The trust account is a product of big banks. What they do is to pool the money of all accounts and invest it in government bonds that yield high interest (because of the huge amount). Since the investment is legal and government bonds are always stable so the trust account is safe. The mechanics of saving in a trust account is to deposit a monthly amount as per the package that you selected. You will be depositing the amount every month for 5 years. After another year you can receive the entire deposits plus the yield which is promised to be double of the amount of your deposit.
 
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