{"id":19159,"date":"2024-07-24T12:01:05","date_gmt":"2024-07-24T10:01:05","guid":{"rendered":"https:\/\/thndr.horizondm.com\/learn\/?p=19159"},"modified":"2024-08-13T13:55:12","modified_gmt":"2024-08-13T11:55:12","slug":"what-are-you-going-to-do-with-the-rest-of-that-cash-a-quick-post-ipo-guide-to-savings","status":"publish","type":"post","link":"https:\/\/thndr.horizondm.com\/learn\/what-are-you-going-to-do-with-the-rest-of-that-cash-a-quick-post-ipo-guide-to-savings\/","title":{"rendered":"What are you going to do with the rest of that cash? A quick post-IPO guide to savings.\u00a0\u00a0"},"content":{"rendered":"\n

Since the Act Financial IPO was oversubscribed a little over 54 times – you got most of your money back and it\u2019s sitting in your wallet, and you might be thinking of sending it back to your bank account. But, is that really the smart thing to do with money you have no immediate use for? Instead of parking it in the bank, you can leave it on Thndr to grow in a savings fund backed by Egypt\u2019s top fund managers.<\/p>\n\n\n\n

Thndr is a great way to grow your savings<\/h2>\n\n\n\n

Our savings funds are easy to access & 100% safe to use and give you up to 22% per year* <\/strong>– the best part is<\/strong> you can withdraw your money whenever you\u2019d like<\/strong> – this means your money is never tied up! We even have Sharia-compliant options.<\/p>\n\n\n\n

Let\u2019s say you got EGP 10,000 back to your wallet <\/strong>after your ACTF allocation; and you decided to put it in a savings fund on Thndr and forget about it for a year.  When you check back in, you would have made an extra EGP 2,200<\/strong> just like that. <\/p>\n\n\n\n

In other words, it\u2019s like saying you would have lost EGP 2,200 if you didn\u2019t save your money on Thndr. <\/p>\n\n\n\n

*One month annualized returns for MTF as of July 23 2024.<\/em><\/p>\n\n\n\n

How does that compare to what my bank savings account offers me?  <\/strong><\/p>\n\n\n\n

Let\u2019s take a quick look at how we stack up against Egypt\u2019s biggest banks:<\/p>\n\n\n\n

Thndr savings products\u2019 return VS. Egypt\u2019s largest banks\u2019 savings return: <\/h2>\n\n\n\n
\"\"<\/figure>\n\n\n\n

*Annualized 1 month returns as of July 23 2024<\/em><\/p>\n\n\n\n

But, a bank certificate would give me more? That depends on how you define more. <\/em><\/h2>\n\n\n\n

When it comes to choosing between saving on Thndr or with a bank certificate, there\u2019s just one question you need to ask yourself. Would you rather; <\/p>\n\n\n\n

    \n
  • A. Watch your money grow daily and liquidate it easily whenever you\u2019d like<\/li>\n\n\n\n
  • B. Earn just 1-2% percent extra but tie it up, with no access, for a whole year or more?<\/li>\n<\/ul>\n\n\n\n

    The choice is yours, but let us explain how each works: <\/p>\n\n\n\n

    Bank certificates lock your money up for a year or more. If you want to add or withdraw any money, you\u2019ll have to pay a hefty penalty to break the contract.  With savings funds on Thndr, you can withdraw and add money as you please in a couple of taps, and choose the savings funds that actually give you almost the same return; and the best part is – all our savings funds\u2019 returns are daily, which means you can literally watch your money grow day by day. <\/p>\n\n\n\n

    \"\"<\/figure>\n\n\n\n

    If you\u2019re sold on savings <\/strong>(pun unintended)<\/em><\/strong> – but don\u2019t know which one to choose; here\u2019s the TLDR comparing each one of the products we have on Thndr <\/strong><\/p>\n\n\n\n

    (disclaimer: we\u2019re always adding new products)<\/em><\/p>\n\n\n\n

    \"\"<\/figure>\n\n\n\n

    And as a final note, watch our video below featuring CEO, Ahmad Hammouda on why NOW is actually the best time to save.   <\/strong><\/p>\n\n\n\n

    \n