A gameya or a certificate, what is left at the end

Many people join a gameya to save, and others put the same amount in a bank. The difference shows at the end, in what is left for you.

An example in numbers

You pay 2,000 pounds a month for ten months. In a gameya, if yours is the last turn, you get 20,000 pounds in the tenth month. If you put the same payments into a savings product paying 20% a year, you have about 21,500 pounds after the same time.

When a gameya fits

• When you need a large amount early and take one of the first turns.
• When the commitment to the group helps you save.
• When you do not have a bank account.

When the bank fits

• When your turn is near the end and you do not need the money before.
• When you want a return that protects your money from rising prices.
• When you do not want to depend on others keeping up.

Try the numbers in the gameya tool, and compare certificate yields in Geneh.

This guide explains how things work and is not financial advice. Check the current numbers in Geneh before you decide.