Higher Savings Rates For The Very Bold

A friend pointed out this website to me. It offers information on savings rates available from a fairly wide selection of countries. It’s kind of fun to play around with as it provides not just rates but political risk scores as well.

If you’re tired of earning nothing on your money then here are some alternatives. Of course, there is a catch. These rates are for local currency deposits so you’re going to have to convert your Greenbacks into something like, say Vietnamese Dongs. Hopefully I don’t have to remind you that the Dong you buy today might be worth a lot less when your time deposit matures. There is a reason that someone is giving you a 12% interest rate and it’s not because they like your smile.

Take a look, be careful what you wish for and good luck.

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