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Move to Australia. Most of our banks offer 12mth term-deposit returns of 6% or greater on deposits >$50,000. For deposits >$1mil the rates are negotiable.
by alastair 17y ago
Move to Australia. Most of our banks offer 12mth term-deposit returns of 6% or greater on deposits >$50,000. For deposits >$1mil the rates are negotiable.
- joezydeco 17y agoWhat are your tax rates on interest?
- gte910h 17y agoDoes that matter? The poster is ostensibly going to have to pay at least the US tax rate.
- manmanic 17y agoYou don't need to move to Australia. I opened an Australian bank account precisely for this purpose. All I had to do was travel to their branch in London to identify myself. Apart from high interest rates, there are other advantages to AUD: low government debt, and a commodity-rich country that is likely to thrive if things get tough for the world. I also bought AUD from USD when it was 10% undervalued according to PPP, so that's already a 40% gain in USD terms: http://fx.sauder.ubc.ca/PPP.html http://fx.sauder.ubc.ca/PPP.html