Curt said:1.) I thought that US Funds had a better rate of return. Or did
that just change in the last 4 months?
2.) Also, when you say 9 & 6 months are you implying that you have to lock them in for that long to get those rates?
3.)If so, what would the interest rate be on just a standard saving account? DOP & USD?
Thanx for any help you can give.
With the Finance house it is a one year Certificate with a 30 day notice call on your part not theirs except for accrued interest which has no notice and that just depends. I needed a few thousand on a Friday and had to wait till Monday. Bad timing on my part. I could have received Pesos but wanted dollars because I get a better rate of exchange.Curt said:1.) So what exactly is a "smaller account"? 5k, 10k, 20k, USD?
2.) Do you have to lock in for lenghty terms to get a good rate of return?
3.) Lets say a guy had a $25,000.00 USD, wanted to invest it in a fairly good rate of return, as anyone would, but wants to be able to withdraw a portion of the occured intrest (monthly) while leaving the intial amount invested. Is there a bank or finance house that does something of this nature?
4.) If not, what is the standard rate of intrest on just a basic savings account?
Hahaha, free lunch? Did you know that the interest rate they collect is 3-6% a month? Yessir that is 36-60% a year on the money they pay you 12%-14% on. So lets do the math here. They make anywhere from 60% down to 22% on your money that you are getting a free ride on. Do you think that they want you to invest because of your looks? You make no sense whatsoever but I guess you don't need to in order to give your thoughts.mondongo said:So you wanna put your money in Some Nice Guy's promise to pay you back?...i got some landfill near Santo Domingo i wanna sell....and what is your recourse if this fine man decides that he doesn't want to pay you back?...ever wander why they pay so much more than normal interest rates?....is ti because they think you are handsome? .....does their altruism allow them to take money out of their pocket and give it to you?....so you think you have finally found the elusive free lunch?.....
buyer beware
Paul Thate said:So we can surmise that his loan portofolio is of extreme poor
quality...