Where to get the highest interest rates on savings?
By randyc
@randyc (85)
Jamaica
August 20, 2010 9:00pm CST
Which bank or funding society has the greatest interest rates on savings because it seems the people who use to trade currencies all going bank. Like olint in my place and cash plus............?
3 responses
@thefulltimemom (87)
• Philippines
21 Aug 10
For me it's best to invest your money in mutual funds. Putting your money in banks will give you very little interest.
@cjsalas (109)
• Philippines
22 Jan 11
it depends on your need? for long term asset accumulation, mutual funds will be good. when you want it in the bank, have a time deposit. but mutual funds have higher yields.
@getbiswa2000 (5545)
• India
21 Aug 10
Hi,
You can't reach any definite conclusion immediately. Usually the countries that are currently having an inflation are forced to increase the interest rates as a part of their inflationary measures. But there you will always get minimal interest rates if you are not a citizen of these countries. For example in India, if you are not a citizen, the average interest rate that will be offered to you will be less than 1/4th of the usual. The interest rates also depends on the value of the currency and the present holdings of gold. Thanks.
God bless you
