Posted by
Goloh
19 yrs ago
Are you comparing apples-to-apples? Are the terms, conditions, and restrictions the same? Whose dollars? (HK, US, Aust, NZ all have different rates). And some banks have a "new funds" bonus whereby your incoming funds get much higher interest but when you roll the deposits over, they no longer qualify.
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Goloh
19 yrs ago
Yeah, that's the problem. The rates on USD right now are a lot better than HKD. But watch the arbitrage on exchange rates if you convert back and forth. From my own experience (not applicable to lots of people, I know), I don't want to tie up too much in currencies such as the NZ$ in which I am not denominated, just in case of a sudden depreciation. Anyway, yes, these days 5.1% is good on USD in anything resembling a time deposit.
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