my frnds invest their money on a bank which pays 8% per year....lolz...and they says it is 100% safe hahahaha.....i bet that is surely safe :-P
If a bank is paying 8% for anything in this time of rates, they are taking enourmous risks. I am talking headge fund or atleast direct stock investments.
Supposedly interest rates in Aus are a lot higher than in the west. Many are claiming their banks offer 4-6% for savings accounts, for example. I'm not familiar with their insurance policies though.