southernfriedcj
07-09-2019, 03:02 PM
I ran across an article on my phone about high rate of return fixed deposits. I sent it to my email so I could read it on a desktop.
It turns out that the article is about Indian banks(banks in India).
https://www.livemint.com/money/personal-finance/latest-fixed-deposit-fd-rates-sbi-icici-yes-hdfc-bank-and-pnb-1561715812722.html
Fixed deposits in the 7% return range.
Casting aside the safety of cash in a foreign bank, is depositing cash in banks in another country to capture better rates of return a "thing"?
I would think you would want a currency tied to the UD$. You wouldn't want to be a victim of crazy inflation.
I'll have to do some Googling to see what's out there.
It turns out that the article is about Indian banks(banks in India).
https://www.livemint.com/money/personal-finance/latest-fixed-deposit-fd-rates-sbi-icici-yes-hdfc-bank-and-pnb-1561715812722.html
Fixed deposits in the 7% return range.
Casting aside the safety of cash in a foreign bank, is depositing cash in banks in another country to capture better rates of return a "thing"?
I would think you would want a currency tied to the UD$. You wouldn't want to be a victim of crazy inflation.
I'll have to do some Googling to see what's out there.