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The difference between saving and investing is that saving is a part of your money that you put away and earn interest on and investing is buying something eg shares house that you intend or hope to make money on and sell when the time is right These are split up into high risk and low risk investment The different services provided are different depending on the place you visit National Bank National Bank provides a variety of short and medium to long term investments and saving opportunities In the short term you can get the National Bank to disperse your monthly income The time frame recommended is 3 months or more depending on how much you want to save They offer you opportunities to transfer this into longer term investments or draw your cash out as you need it There is also a minimum of 5000 in which you must invest with In the medium to long term investment opportunities you can start with as little as 500 and then get a positive return from this and gain up to 550 in 30 days ANZ Term deposits include short and long term this can vary from 5 years to 5 days ANZ offers competitive investments and well protected investments For amounts of money over 50000 can be negotiated with the bank This offer includes a fixed term investment flexible interest payments and no set up fees In this investment you must choose your time wisely as penalties apply if your money is withdrew before set date This can be done by phone if needed St George St George has a very wide interest on savings rates These can vary from 250 pa to 470pa on an annual basis and on a half yearly basis it is 205 to 460 Their investments arent too wide so if you choose to invest I suggest one of the others Commonwealth Bank
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