On Sep 18, 5:52*am, Carlos Hamilton <carham...[at]yahoo.com> wrote:

- quote -

Foreign banks are failing also. FDIC doesn't insure deposits in non US
banks.

Effective interest rates for foreign currency also depend on
conversion rates.

--
Ron

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Meandering the internet today, I stumbled on an expats'
site:

http://www.expatnetwork.com/?ID=41

They reference some attractive interest rates at the
Isle Of Man, for example the Anglo Irish Bank, and
Kaupthing Singer & Friedlander:

http://www.angloirishbank.co.im/Pers.../sterling.html

http://www.kaupthingsingers.co.im/ac...mpare-accounts

So, what's the glitch? Why wouldn't I move some bucks over
there real quick and take advantage of what's available? As an
aside, there appears to be a higher rate paid on funds in UK pounds
sterling than that on US dollars. Any reason this would be? I mean,
a percentage return should not matter what currency it is a percentage
of, right?

------ Misc.invest.financial-plan is a moderated newsgroup where Moderators strive
to keep the conversations on-topic for financial planning. Other posting
guidelines include a request for brevity and another for trimming posts to
which we respond. For all of the other tips and suggestions, see "FROM THE
MODERATORS: Posting to misc.invest.financial-plan", a weekly post now on the
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