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Best term deposit rates
Out of interest do foreign currency accounts pay interest the same as if they were held in the country of currency?
Like could I get 6% or 7% in an Aus or NZ account at HSBC in Thailand? or is it the same interest rate as if it were a Thai account? If it is the former what bank has the best rates for Aus and NZ?
In N.Z. Kiwibank seems to give the best term deposit rates.
I just got 8.15% for 1 year but at the moment you can get a higher return for 18 months.
You may be able to open an account online and deposit the same way.
I think interest rates will stay high in N.Z. for some time yet as there is talk of the reserve bank raising the cash rate in the next month or two.
Watch this space.