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 Anyone know about foreign FD?

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smartinvestor01
post Aug 23 2010, 01:09 PM

Saving and Investing for Retirement (The SIR Concept)
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Senior Member
1,423 posts

Joined: Aug 2010
From: Sarawak


The banks are now paying high interest for Foreign Fixed Deposit for Australian dolar, but i have this kind of mindset.

I was thinking about putting it to a term of 1-Month, instead of 12-months (1 year) term because i think putting it untouched for 1-year is just too risky due to the longer term.

Any advise or suggestion for this perception.

Thanks. rolleyes.gif

 

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