14% term deposit

[negt]

discovered a bank ( international ) offering 14% return on term deposits.had deposited 10.000 for test and has been 7 months now and all good.fellow somersofties If you need location shot a pm.not advertising just helping.

 

[Terry_w]

What happens if they won't give your money back? Or collapse?

 

[D.T.]

Being that its in another country how do you set up an account there and provide ID etc

What happens if their currency falls by more than 14% relative to ours?

 

[negt]

144 Branches in 5 different countries.Local currency is 14% rtn.USD currency rtn 10%.

 

[santaslayer]

Name of the bank?

 

[buster]

What about the depreciating Australian dollar its already depreciated 14% against $US and predicted to go down another 10%.

 

[redwing]

Vietnam?

Do you have to be there to open an account?

How about currency risk/exchange rates?

Inflation?

 

[vaughan]

What about the depreciating Australian dollar its already depreciated 14% against $US and predicted to go down another 10%.

If the returns are in US$ then all the better!

 

[vaughan]

I just did a quick Google search for "14% term deposit" and got pointed back to this post!

 

[moyjos]

http://term.deposits.org/

24.35% if you are willing to gamble in Argentina

Only need 200,000 pesos . (around AUD 35,000 )

 

[Scott No Mates]

It comes down to how much risk are you prepared to bear? Currency risk $US vs $AU; bank failure (not all banking systems are as strong as the Australian Banking system), international tax law (if investing overseas to international bank), security issues (are the bank's IT systems as secure as those of local banks) etc?

 

[redwing]

discovered a bank ( international ) offering 14% return on term deposits.had deposited 10.000 for test and has been 7 months now and all good.fellow somersofties If you need location shot a pm.not advertising just helping.

Hi Negt

Did you invest for 12 months?

Keep us posted on how it all goes and when converting back

 

[starter]

Vietnam?

Do you have to be there to open an account?

How about currency risk/exchange rates?

Inflation?

You get about .14% for usd in Vietnam.

 

[D.T.]

You still havent specifies the wheres and hows on this one

 

[willair]

I just did a quick Google search for "14% term deposit" and got pointed back to this post!

I think you will find the company,Boomerang Banking..

 

[negt]

You still havent specifies the wheres and hows on this one

thought of a biz idea.will not reveal it.will reveal only if biz idea fails.

 

[DaveM]

thought of a biz idea.will not reveal it.will reveal only if biz idea fails.

Deposit Funders?

 

[joeExpat]

I'm surprised people entertain this offer seriously.
Icelandic banks were offering ridiculously high rates on Swiss francs in Switzerland before the GFC. Look what happened to them.

 

[negt]

I'm surprised people entertain this offer seriously.
Icelandic banks were offering ridiculously high rates on Swiss francs in Switzerland before the GFC. Look what happened to them.

144 branches in 5different countries.troll elsewhere.

 

[joeExpat]

High returns only come with high risk, I would advise people to avoid.