I mean Bank, best if US/Europe/England/Canada bank ... willing to keep pound/dollar/euro
2007-05-24 14:44:53 · 7 answers · asked by Elephant 2 in Business & Finance ➔ Investing
If you like to invest in a cd that offers high returns, I know several banks in the Philippines that offers 20% interest per annum net of tax, interest payable monthly and is covered by 12 post dated checks each year for 5 years.. It is totally secured by PDIC. The banks (12 banks and growing) are a member of a group of companies that has interest in lending, credit cards, motorcycle assembling, pension and education plans marketing,newspapers and mutual funds You can email me for more information .
2007-05-24 21:33:11 · answer #1 · answered by Charles C 2 · 0⤊ 1⤋
As the market is never an up forever thing. And demographics is turning against the markets, best to put the money in a bank or money market. The market could go up for 2 or 3 more years before giving up 30% of it then value. Even now the market is acting like down is the next move
2007-05-24 22:22:12 · answer #2 · answered by RayM 4 · 1⤊ 0⤋
Look at: EverBank.com (WorldWide division).
BTW: You may get a higher rate on the foreign currency & winde up with less cash after you re-convert the fund to USD.
Foreign Currency transactions are very dangerous. This is a highly speculative area you're interested in.
Be very (very) carefull.
2007-05-24 23:58:56 · answer #3 · answered by Common Sense 7 · 0⤊ 0⤋
check www.bankrate.com for the highest CD, savings, money market rates in the USA. Don't know if they have an equivalent site for Europe/England/Canada.
2007-05-24 22:19:33 · answer #4 · answered by gosh137 6 · 1⤊ 0⤋
25%
2007-05-24 22:55:23 · answer #5 · answered by Anonymous · 0⤊ 2⤋
it depends on how much risk you're willing to take
2007-05-24 21:48:16 · answer #6 · answered by Anonymous · 0⤊ 0⤋
mutual fund is best
2007-05-24 21:47:48 · answer #7 · answered by keral 6 · 0⤊ 0⤋