- Thread starter muluco
- Start date
Interest rates
G
gary short
Guest
G
gary short
Guest
Banking fees are practically nil as are taxes although that may change. The value of the peso can fluctuate rapidly. Never heard of tme limits for withdrawals.....I'm not sure I understand what you mean by that.
The CD rates at Banco Central have just changed ...... Down again!! You can take 3, 6, 12, 24 & 30 month periods for the CDs & rates vary accordingly (from 8% up to 12% as I recall but you need to check that).muluco said:
Going OUTSIDE the Banco Central into the Private sector, you can still get between 8% to 10% p.a. on U$D, Euro & Pound Sterling deposits or 12% - 16% on RD pesos (depending on amount of capital invested). Again, Tax Free at moment but likely to change within the next 3 or 4 years I suspect. ~ Grahame
8-12% in the US
You can also get 8-12% a year by giving privat mortgages in the US. The risk is very low since the loan to value is only 60-70% of the residential real estate value. Might be a safer way of investing than DR Peso CD's.
You interests are secured because in the US mortgages are recorded with the county. I always made good money this way.
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You can also get 8-12% a year by giving privat mortgages in the US. The risk is very low since the loan to value is only 60-70% of the residential real estate value. Might be a safer way of investing than DR Peso CD's.
You interests are secured because in the US mortgages are recorded with the county. I always made good money this way.
)Gee! I made 11-14% on the peso on a rolling per annum basis just by holding onto green cash dollars.
Tell me again why you'd give your money to unknown foreigners with clear and recent histories of using it to buy yachts, helicopters, Aspen mansions, etc., for a measly 12% that gets rolled over into locked Central Bank accounts (for your protection, of course).
Tell me again why you'd give your money to unknown foreigners with clear and recent histories of using it to buy yachts, helicopters, Aspen mansions, etc., for a measly 12% that gets rolled over into locked Central Bank accounts (for your protection, of course).