General Investment Account
If you’re looking for a way to invest your money with flexibility, a General Investment Account (GIA) could be a good option.
With a GIA, you’ll have access to a wider range of investment options than you would with a traditional savings account. You can switch between different investments as your needs change.
This can be helpful if you’re looking to invest in a more volatile asset class such as stocks or if you want to move to a safer investment like bonds.
Why a GIA?
With a GIA you can make regular contributions and withdrawals without penalty. This can be helpful if you’re trying to save for a specific goal or if you need to access your money for an emergency. You do need to make sure that you understand the tax implications and that you’re comfortable with SJB’s minimum investment amount of 100k. Overall a GIA is a relatively low-cost option.
A GIA can hold multiple currencies, so you can take advantage of global opportunities as they arise. Most GIAs offer online access, which means you can manage your account from anywhere in the world. This can be helpful if you’re frequently travelling or if you live in a remote area.
This is all held in a ringfenced account. Meaning that it is segregated from the rest of the provider’s money and is protected from any financial difficulties that the provider may encounter.
