Aug 11 2008, 05:09 PM
QUOTE(kevyeoh @ Jul 22 2008, 06:57 PM)
Aus and New Zealand foreign currency FD seems to be giving good return rates...
i understand the risk of currency lost as well so anyone actually tried and confirm that the interest rates are for real?
Eg. Aus: up to 8.3% ...i asked my friend from Aus, now should be 7%...
The interest rate is high but it seems like AUD and NZD is going down. Heard New Zealand is facing recession now. My question is:i understand the risk of currency lost as well so anyone actually tried and confirm that the interest rates are for real?
Eg. Aus: up to 8.3% ...i asked my friend from Aus, now should be 7%...
1. Should one start to invest since the rates are lower now?
2. Should one withdraw if they have previously invested?
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