Comments on Saving to Inve$t: High Yield Saving Account Rates Compared Globally

That's a very interesting look at interest rates. ...

2008-09-16T12:04:00.000-04:00

That's a very interesting look at interest rates. I wonder what it would take to deposit money in foreign countries. Even if I could, I now have currency risk to deal with. Hmm...

Actually you could open a rewards checking account...

2008-09-14T19:15:00.000-04:00

Actually you could open a rewards checking account in the US, and if you fit certain requirements like making 10-12 debit card transactions/month and forego paper statements for online statements, you can get 5%-6% APY for up to 25K to 50K.

In South Africa you can earn between 10% and 11% o...

2008-09-14T18:46:00.000-04:00

In South Africa you can earn between 10% and 11% on normal current account (depending on the amount in the account), with < $5 bank charges per month.

@ Kyle - Thanks. I had heard of Everbank, but they...

2008-09-13T22:23:00.000-04:00

@ Kyle - Thanks. I had heard of Everbank, but they also have a minimum amount of $25K and exchange rate risk (I missed this one - thanks for raising) it is too much of a risk for me now. Factoring tax and administrative issues may offset the interest rate differential differential benefit.

@ Curt - Yep. The wall street boys always get taken care of first. After all Paulson is ex Goldman Sachs CEO, so helping the old boys club.

@ W4I - Most ING and HSBC accounts require $0 or a token $1 balance (as is the case in Australia). The best bet is to go the relevant country web site and check out the details.

With this high yield savings accounts what is the ...

2008-09-13T01:06:00.000-04:00

With this high yield savings accounts what is the minimum amount you can have in these accounts in say Australia?

Thanks for this interesting article. The Fed Reser...

2008-09-12T14:41:00.000-04:00

Thanks for this interesting article. The Fed Reserve is helping the banks and screwing the public with low interest rates and high inflation.

Americans can buy FDIC-insured CDs denoninated in ...

2008-09-12T12:28:00.000-04:00

Americans can buy FDIC-insured CDs denoninated in foreign currencies through Everbank. Only the principal in US dollars is insured, though, so if the exchange rate changes against you, you're stuck with the loss. Not quite the same as a savings account, but you can get terms as short as 3 months. It's something.