Denny Posted February 2, 2017 Share Posted February 2, 2017 (edited) Where can someone get the best interest rate for their money from a CD account. Everything has to be legal. Edited February 2, 2017 by Admin_01 modified title to reflect the posting Quote Link to comment Share on other sites More sharing options...
JudyS Posted February 2, 2017 Share Posted February 2, 2017 Global Bank has CDs paying 3.25% for 18 months. There might be different rates for different terms. 1 Quote Link to comment Share on other sites More sharing options...
Denny Posted February 2, 2017 Author Share Posted February 2, 2017 Thank you for getting back to me so soon. If you know of any other banks that give a higher interest rate please let me know. I looked I Costa Rica and their bank. Banco Costa Rica gives you 5.87%in a 5 year cd. I was in Liberia this past November. On line I saw up to 9 % from off shore credit unions if you put it in a retirement account. It says you can't touch the principle or interest for 5years. But I'm not sure how safe it is Quote Link to comment Share on other sites More sharing options...
Roundabout Posted August 22, 2017 Share Posted August 22, 2017 (edited) Well, you know, it isn't just the nominal interest rate you need to consider, it is also the rate of inflation that exists in the country/currency you want to invest in. A year ago, Brazil banks were paying 14.5%, but the trouble was inflation was running at 16%, and then there is the cost of conversion back and forth. So far, I have yet to find any fiat currency that covers the actual rate of inflation. Edited August 22, 2017 by Roundabout Quote Link to comment Share on other sites More sharing options...
Pat Posted August 22, 2017 Share Posted August 22, 2017 On 2/1/2017 at 9:50 PM, Denny said: Thank you for getting back to me so soon. If you know of any other banks that give a higher interest rate please let me know. I looked I Costa Rica and their bank. Banco Costa Rica gives you 5.87%in a 5 year cd. I was in Liberia this past November. On line I saw up to 9 % from off shore credit unions if you put it in a retirement account. It says you can't touch the principle or interest for 5years. But I'm not sure how safe it is Suggest you ask banks here in Panama or perhaps a financial organization for detailed information to your request. Quote Link to comment Share on other sites More sharing options...
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