Short-term, high interest?

cashbackproblems

bendix wrote: »

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.

When i spent 6 months working in India i opened up an account over there earning 9.5% interest and even now that moneys earning abt 7%, much better than any dividends from National Grid or Aviva!

bendix

debbie42 wrote: »

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.

Depends when you time your investment. The Zimbabwean dollar has appreciated considerably against sterling in recent months, meaning you would have had a windfall.

daffodiltulip

Has anyone experience of the Bank of Ireland fixed term deposit account - it comes in 1, 2, 3, 6 or 12 months. You have to ring for more information, which I can't do until tomorrow and am a bit impatient ...