Extraordinarily high-yield savings account
If you open a floating interest rate deposit (savings) account at this bank, in Mongolian Tugriks, you earn a 13.44% yearly interest rate. If you open it in USD, it’s 6% - which is still vastly superior to any account you can open in the US.
Bit of advice: so many American banks are actually insolvent, and when the central bank interest rate eventually rises, it wil become readily apparent. So if you have extra savings to stow away, it might be wise to open a foreign bank account in countries like Singapore, Hong Kong, or Abu Dhabi and transfer assets there just in case. If you want to go super private, check out the capital security bank of the Cook Islands. They aren’t even a lending institution.
12 notes
Saturday, November 12th, 2011
-
keynotetis8 liked this
-
katherineok56 liked this
-
tjslater posted this
