One thing is certain, and that is that: Economic progress is the work of the savers and entrepreneurs. Savers accumulate capital and the entrepreneurs turn that capital to new uses.
And that Capital as such does not bear interest on its’ own; Capital must be well employed and invested not only in order to yield interest, but also lest it disappears entirely.
In other words, because of savers’ funds which are given to entrepreneurs, they are able to produce and supply us with all the things we like most which couldn’t be done without locked/committed funds for a given period of time. And when these things are bought by consumers and the entrepreneurs make a profit, then the funds get to earn interest as well.
So no it’s not true that Pasbanc gives out ‘get-rich-quick’ or unreasonable interest returns for any of our saving plans. Why is that? Because as we have already indicated above, our returns are sourced from actual businesses which provide real goods and services, and we all know — often times such things take time to be produced, stored, moved, advertised, or consumed and therefore promising you any “fantastical” returns in really brief periods of time would simply be unreal too (unless one doesn’t care about how the real economy works). That’s not to say that there aren’t businesses that do make astronomical returns in record times every once in a while but just to be clear, we don’t deal in any such a one yet. Furthermore, what has been most sure to us in the world of finance so far is that haste rarely has any good endings (just as the saying goes “easy come, easy go”), but steady diligence and faithfulness at that enduringly go a very long way.
We might not promise to double your money within a day, a week, a month, or even a year, but we shall increase it quite significantly.
However one may ask “But your interest returns on savings are really good compared to the average traditional financial institution?” And to that we say, yes it’s true and it’s neither an accident nor hyperbole/inflated. But a result of well-pondered moves that we do differently unlike others such as being passionately driven by a clear vision/purpose, leveraging the power of working with exceptional talents coupled with modern technologies (thus staying very lean yet highly efficient), and then dealing with or lending to pre-vetted, already operating, good businesses that are satisfying the most urgent needs of the consumer (as is evidenced by strong profit margins).
In conclusion, the kind of work we are doing (i.e solving capital) especially in the real economy requires some time from production to consumption, along with funds recovery, all of which necessitates a sort of patient or periodic capital which is why we have funds locked/inaccessible for particular periods as those funds are put to use and recovered. Suffice it to say that some institutions like banks don’t operate as such and therefore have their own dynamics but we’ll save this topic for other blogs(be sure to subscribe so you don’t miss out). As for us, we are convinced that our model of operation thus far proves to be more resilient and vision fit for us.
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