Quote:
Originally Posted by Slava
I have seen some accounts in SE Asia that have higher interest rates. Some are higher than here just based on the local economies and the risks associated are similar. You also have to factor in currency, and with that the gains are likely minimal. (This is an arbitrage free rate, so you have an interest rate that takes into account inflation and currency exchange as well...for anyone who cares)
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Savings accounts overseas should be arbitrage free, unless they are somewhere he arbitrage would be very difficult.
http://mongolia.deposits.org/
I met someone at an investment conference who had negotiated a bunch of 20% plus rates on Mongolian CDs. He was able to hedge out the currency rates.