Quote from: Hfleer on March 09, 2015, 12:30:10 AM

Quote from: ranlo on March 09, 2015, 12:27:58 AM

Quote from: Hfleer on March 09, 2015, 12:14:13 AM

Quote from: john blue on March 08, 2015, 10:06:41 PM

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.

I see. In that case they must have some strongly devaluating currency for the interest rate parity to hold true.

It's somewhat hard to tell, really. I remember just like 7-8 years ago, you could get savings accounts in the west that had 4.5%+ interest rates. I'm not familiar with what our economy was like back then, but I figure if we used to be on that level, it's not impossible to think Aus can still be (depending on how they manage stuff).