Quote:
Originally posted by chodadog@Apr 25 2004, 10:06 PM
Are there any limitations about putting your money in banks overseas? It's just that here in Australia, you can get about 5 or 6 percent interest, easy. Probably more if you've got a sizeable chunk of change to open an account with.
|
no, there are no limitations for US citizens but....
6% is all nice and dandy but not without the risks.
And the risk is CURRENCY EXCHANGE. I'll have to nuy OZ $$$ to put in OZ bank and who the hell knows where the OZ$ vs US $ exchange ratew will be when I want bring my money back?>