Is it possible to open a high interest savings account in an overseas country? - high open cervix after period
Hello I am an Australian, I wondered if you open an account with high interest rates abroad and if there is a good idea? For example, if South Africa has an interest rate of 11% could open an account and get it over 11% return on money in the account to deposit / to?
Thursday, January 7, 2010
High Open Cervix After Period Is It Possible To Open A High Interest Savings Account In An Overseas Country?
4 comments:
Yes, I agree with Thor. The protection of the money is the key.
The big South African banks are very stable, such as South Africa has been introduced in recent years, very strict rules on credit checks to prevent irresponsible lending banks did more or less can be sure that you receive your money.
The only problem is that for one reason or another collapse of the United States and Great Britain has caused the devaluation of currencies in South Africa, so if you invest money and pay the depreciation of the currency loses money. On the other hand, is very low at the moment and probably gain back where you earn extra money.
The big South African banks are very stable, such as South Africa has been introduced in recent years, very strict rules on credit checks to prevent irresponsible lending banks did more or less can be sure that you receive your money.
The only problem is that for one reason or another collapse of the United States and Great Britain has caused the devaluation of currencies in South Africa, so if you invest money and pay the depreciation of the currency loses money. On the other hand, is very low at the moment and probably gain back where you earn extra money.
Note that the reward is a function of risk.
Nor has the currency risk. You can pay 11%, but what's your inflation rate?
What kind of insurance you think you will get your money and do not fail the bank?
What SA taxes to pay and your money, what their country back as a tax charge in anticipation of or recycled?
It can be done, but there is much to consider.
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