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]