>10% Interest Rates. Please post here.

samantha_3

UK interest rates are pathetic.

If you know of any accounts from elsewhere in the world offering a minimum of 10% please post it here.

Galstonian

If only it were so easy. If you can find anywhere with a double digit savings rate I'll give you a currency you don't want to be investing in. If you look to more stable and less inflationary economies then you will find the difficulties involved in shifting relatively small sums of money around the world soon eat up any advantage the rate presents without even beginning to think about the possibilities of foreign tax liabilities, proving your identity etc..

dunstonh

In real terms, the interest rates are no different to when you could get 10% in this country. Indeed, if anything getting 5.5% now is better than getting 10% in 1980s

deemy2004

samantha wrote:

UK interest rates are pathetic.

If you know of any accounts from elsewhere in the world offering a minimum of 10% please post it here.

LOL

You could try Nigeria.... though the currency will likle devalue against sterling by a similar if not greater amount thus you could look into a strong currency, say the Jap yen, but there interest rates are 1% ....

What you need is a strong currency with good interest rates, which ahem is the £

cheerfulcat

samantha wrote:

UK interest rates are pathetic.

If you know of any accounts from elsewhere in the world offering a minimum of 10% please post it here.

Hi, Samantha,

Making money is never that easy. The fewer risks you take, the lower your return is going to be. If you want returns in excess of 10%, you'll have to invest in riskier assets like equities or, as others have said/implied, dodgy foreign currencies.


HTH

Cheerfulcat

lipidicman

deemy2004 wrote:

LOL

You could try Nigeria.... though the currency will likle devalue against sterling by a similar if not greater amount thus you could look into a strong currency, say the Jap yen, but there interest rates are 1% ....

What you need is a strong currency with good interest rates, which ahem is the £

LOL right-back-at-ya

Long live the £