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  1. #1
    superdave
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    Default bank accounts...

    I won't be moving there for a couple years but was thinking of opening an USD acc earlier to take advantage of their rates.

    anyone here with DR bank accounts but does not live in DR? what has been your experience?

    does anyone know what the current returns are on USD investments in DR?

    (sorry if this is in the wrong forum...)

  2. #2
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    Default Remember BANINTER

    Quote Originally Posted by superdave View Post
    I won't be moving there for a couple years but was thinking of opening an USD acc earlier to take advantage of their rates.
    Don't do it.
    Even less so as you are not in the country.

    Janin

  3. #3
    superdave
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    janin, are you saying not to invest in DR, period. ?
    what do you do with your money?

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    Default Misunderstanding

    Quote Originally Posted by superdave View Post
    janin, are you saying not to invest in DR, period. ?
    No, I did not say that.

    Janin

  5. #5
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    Default Q + A

    Quote Originally Posted by superdave View Post
    ...does anyone know what the current returns are on USD investments in DR?
    (sorry if this is in the wrong forum...)
    Have you not read the answers you received?
    http://www.dr1.com/forums/living/709...tml#post599235

    Janin

  6. #6
    superdave
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    Default ?

    ok, but could you elaborate. Both DR residents and non-residents were affected by the collapse of Baninter, so what do you mean by "don't do it"?
    thanks.

  7. #7
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    Wink Trust and Faith

    Quote Originally Posted by superdave View Post
    ... Both DR residents and non-residents were affected by the collapse of Baninter, so what do you mean by "don't do it"?
    Well, if you do not mind being among those who might be affected...
    Then DO IT!

    Janin

  8. #8
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    Default A Matter of Faith

    Quote Originally Posted by superdave View Post
    ...what do you mean by "don't do it"?
    There are safer places than DR banks to have one's money in.
    The interest rates do not make up for the higher risk.
    But then, you may have more faith...

    Janin

  9. #9
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    Default

    Quote Originally Posted by superdave View Post
    I won't be moving there for a couple years but was thinking of opening an USD acc earlier to take advantage of their rates.

    does anyone know what the current returns are on USD investments in DR?
    I seem to recall giving this information on many a previous thread - is that where you got the idea that the rates were so much better than the US or Europe? If you want to "take advantage of their rates" you must have some idea of what those rates are?

    DR 'High Street' banks offer from 3% PER ANNUM up to 6% p.a. depending on bank & amount invested. US $250,000 should see you get the higher rate at one or two banks at least! ~ Grahame.

  10. #10
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    Default

    If you want a higher rate of return with less risk than RD Pesos try Westpac New Zealand, paying over 8% in Kiwi.

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