Have I been missing out on a lucrative investment vehicle?

[southernfriedcj]

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/perso...715812722.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.