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| Topic: Does anyone | |
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know where they have bank rates higher than 2%?
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in Hong Kong?
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Hi, I am in UK but here they tend to do things like 12 month bonds where they give you a pretty decent rate. Obviously you cant touch that money for a year (I heard places do 12% rates on these type of things)
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Sadly, I am in the US
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Dont you guys have anything like that? I am sure if you went to a bank and asked them about 12 month bonds... I mean... They are a bank after all. Not sure, maybe it is different over there, but worth a try. 10-12% is pretty decent. Put it this way, if they do it here they probably do it everywhere.. They are tighter than a nun's ... erm... You know what I mean
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* 4.11% APY 7-Month CD @ Bank of America (account review)
* 4.00% APY 6-Month / 4.25% APY 12-Month CD @ Wachovia (account review) * 4.25% APY 8-Month / 12-Month CD @ Washington Mutual (account review) http://www.bestcashcow.com/savings_-_checking_-_cds/article/ktexas/high-cd-rates-from-major-banks-bank-of-america-wamu-wachovia |
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Edited by
SeriouslyJustSayHi
on
Mon 01/11/10 07:25 AM
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10-12% is obsurd! Who would give that kind of rate? Not here? Mortgage rates at their worst is 8%...even FHA..If you can get 4% your doing pretty well!
So if the bank pays you 10% to "hold" your money and then they lend it out to someone else and charge them 8%...they are losing money. When mortgage rates rise so will the interest a bank will pay you to "hold" your money. |
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10-12% is obsurd! Who would give that kind of rate? Not here? Mortgage rates at their worst is 8%...even FHA..If you can get 4% your doing pretty well! So if the bank pays you 10% to "hold" your money and then they lend it out to someone else and charge them 8%...they are losing money. When mortgage rates rise so will the interest a bank will pay you to "hold" your money. Hey dont shoot me, I am just a messenger. I was offered 12% on those 12 month bonds. Maybe she didnt know what she was talking about.. Infact now you mentioned it and I feel like a bit of a prat, I checked online and indeed the best I can find is 5.25% http://www.natwest.com/global/media.ashx |
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