Higher Savings Rates for the Very Bold

A friend pointed out this website to me. It offers information on savings rates available from a fairly wide selection of countries. It’s kind of fun to play around with as it provides not just rates but political risk scores as well.

If you’re tired of earning nothing on your money then here are some alternatives. Of course, there is a catch. These rates are for local currency deposits so you’re going to have to convert your Greenbacks into something like, say Vietnamese Dongs. Hopefully I don’t have to remind you that the Dong you buy today might be worth a lot less when your time deposit matures. There is a reason that someone is giving you a 12% interest rate and it’s not because they like your smile.

Take a look, be careful what you wish for and good luck.

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About Tom Lindmark 401 Articles

I’m not sure that credentials mean much when it comes to writing about things but people seem to want to see them, so briefly here are mine. I have an undergraduate degree in economics from an undistinguished Midwestern university and masters in international business from an equally undistinguished Southwestern University. I spent a number of years working for large banks lending to lots of different industries. For the past few years, I’ve been engaged in real estate finance – primarily for commercial projects. Like a lot of other finance guys, I’m looking for a job at this point in time.

Given all of that, I suggest that you take what I write with the appropriate grain of salt. I try and figure out what’s behind the news but suspect that I’m often delusional. Nevertheless, I keep throwing things out there and occasionally it sticks. I do read the comments that readers leave and to the extent I can reply to them. I also reply to all emails so feel free to contact me if you want to discuss something at more length. Oh, I also have a very thick skin, so if you disagree feel free to say so.

Enjoy what I write and let me know when I’m off base – I probably won’t agree with you but don’t be shy.

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