Short-term, high interest?

daffodiltulip

Are there any short-term, high interest accounts out there?

Jonbvn

daffodiltulip wrote: »

Are there any short-term, high interest accounts out there?

How to put this?

NO!

rb10

Yes, try https://www.theaa.com/savings

bendix

Yes

In places like Indonesia, Philippines, Greece (of course) and Venezuela.

Take your pick.

daffodiltulip

Hmmm... oh well...:(

daffodiltulip

rb10 wrote: »

Yes, try www.theaa.com/savings

They only seem to have a minimum 12 months. Nationwide have a 6 month account and I wondered if there were others out there.

rb10

daffodiltulip wrote: »

They only seem to have a minimum 12 months. Nationwide have a 6 month account and I wondered if there were others out there.

http://www.theaa.com/savings/savings_calculator.jsp

You can withdraw the money and close the account at any time.

debbie42

bendix wrote: »

In places like Indonesia, Philippines, Greece (of course) and Venezuela.

I do hope the OP hasn't taken this seriously, given the recent post in another thread???

daffodiltulip wrote: »

Can private individuals open European accounts? If so, how is the interest affected?

bendix

debbie42 wrote: »

I do hope the OP hasn't taken this seriously, given the recent post in another thread???

Which thread?

Any why not take it seriously. I personally have a lot of my money invested in NZ where I'm getting 7.3%. There is, of course, a currency risk but there is never reward without risk.

I travel extensively. I was in Cambodia three weeks ago and saw the banks are offering 9.5% for three months notice, and Cambodia - while it has its own currency - is essentially a US dollar play. Philippines you can easily get 10% for a year. Indonesia, even higher.

If there was an easy way to access these accounts from overseas, I would be in them immediately, spread around the various jurisdictions of course.

debbie42

bendix wrote: »

Any why not take it seriously. I personally have a lot of my money invested in NZ where I'm getting 7.3%. There is, of course, a currency risk but there is never reward without risk.

It was an old Icelandic bank one, linked via the arrow. I wasn't aware of the risks with the countries listed, though wouldn't personally want to invest in Zimbabwean currency, no matter how appealing the interest rates may appear.

Froglet

daffodiltulip wrote: »

They only seem to have a minimum 12 months. Nationwide have a 6 month account and I wondered if there were others out there.

What about this one

http://www.nandp.co.uk/savings/fixed-rate-savings/6-month-e-bond/ or http://www.nandp.co.uk/savings/fixed-rate-savings/1-year-e-bond/

I am on an instant a/c 3.15% with AA savings until end September so waiting for something better to come along by then.Hopefully!!