interest-rate-plus

What Kind of Deposit Rates Can You Get Abroad?

Depending on how long you are staying overseas and whether you stay in one spot or move around frequently, you may or not have a foreign bank account. I always wondered what kind of rates travelers could get on the money in those local banks. Surprisingly (to me), it can be quite high. My friend Dan at BankVibe recently wrote a post about the countries offering the highest deposit rates. Which countries top the list?

Not exactly the countries you’d expect to be on this list.

Ukraine (18.5%), Iran (18.03%), and Bangledesh (12.5%). High rates, but also high inflation.

For more info, read more at BankVibe.

[Photo via http://loans.msn.bankbazaar.com]

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Drew Meyers

Drew Meyers is the co-founder of Horizon & Oh Hey World. He worked for Zillow from September of 2005 to January of 2010 on the marketing team managing Zillow’s API program and various online partnerships. Founder of Geek Estate Blog, a multi-author blog focused on real estate technology for real estate professionals, and myKRO.org, a blog devoted to exploring the world of microfinance. As passionate as you get about travel.

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  • Wow! Those rates sure beat the measly ones being offered in Canada or some of the off-shore banks I’ve been exploring lately.