What banks in the world offer the highest return rate on a deposit?

Question

Please specify the %.

Answer 1

I don't know, but be careful with what I think may be your train of thought.

Say you live in America and hold US $. Lets say the current risk free interest rate is 6%. Lets also say that in Japan, the current risk free rate is 10%. That looks great. Just convert your $ into Japanese Yen and purchase risk free treasuries.
Actually, better yet, don't use your own money. Sell US Treasuries short, take the US $, convert to Japanese Yen, and go long (purchase) Japanese Treasuries and earn the 10% interest rate, while only having to pay 6% for the money you borrowed by selling short. At the end of some period of time, say one year, you sell the Japanese Treasuries, collect your principal plus 10% interest. Convert that money to US $, pay back the borrowed dollars (with interest) on the US Treasuries you have sold short. Pocket the interest - its your capital gain.

Not so fast. Financial markets, especially in the age of computers, are very efficient. Arbitrage programs will instantly capitalize on the disparity in interest rates. As a result, the exchange rates, both spot (today) and forward (at some point in the future) will move to wipe out the potential for any extraordinary gains resulting from the disparity in interest rates between the two countries. Your net gain will be Zero.

Answer 2

THE WORLD BANK OF nIGGERIA IS CURRENTLY PAYING 33% APR BASED ON A 100K DEPOSIT FOR 3 YEARS SO THE RATE IS VERY GOOD .

Answer 3

Probably Indonesia.