Site Search:
 
Get TEFL Certified & Start Your Adventure Today!
Teach English Abroad and Get Paid to see the World!
Job Discussion Forums Forum Index Job Discussion Forums
"The Internet's Meeting Place for ESL/EFL Students and Teachers from Around the World!"
 
 FAQFAQ   SearchSearch   MemberlistMemberlist   UsergroupsUsergroups   RegisterRegister 
 ProfileProfile   Log in to check your private messagesLog in to check your private messages   Log inLog in 

High yield savings account -- 3%

 
Post new topic   Reply to topic    Job Discussion Forums Forum Index -> Oman
View previous topic :: View next topic  
Author Message
Charlie123



Joined: 11 Nov 2008
Posts: 146

PostPosted: Wed Jun 08, 2016 7:07 am    Post subject: High yield savings account -- 3% Reply with quote

My bank is offering 3% for a savings account. Does anyone know of a better offer in the Sultanate. Also, where else are expats putting money away, perhaps at a better rate? I'd like to get 6% on a safe investment if possible.
Back to top
View user's profile Send private message AIM Address
veiledsentiments



Joined: 20 Feb 2003
Posts: 17644
Location: USA

PostPosted: Wed Jun 08, 2016 2:09 pm    Post subject: Reply with quote

I would never invest my money in any of these countries. Though Oman is relatively stable, I always transferred my money out every couple months to my investment accounts in my home country.

I have known too many people who lost most of their life savings when a country imploded or was invaded... (such as Iran or Kuwait)

VS
Back to top
View user's profile Send private message
Whatever will be



Joined: 05 Feb 2014
Posts: 303

PostPosted: Wed Jun 08, 2016 2:45 pm    Post subject: Reply with quote

Personally, I would invest a small amount in gold coins such as the American Eagle, Canadian Maple Leaf or the Australian Kangaroo.

While you will not get a massive increase on your investment, it is a stable emergency stack if you want to escape a country that might become unstable (e.g. death of a ruler without succession, neighboring country at war...). Cash money may not be accessible if ATMs are empty and banks are closed. Gold will buy your way out of trouble.

For a large amount of money, I would buy a property in the home country and rent it out while working overseas and then use it as a retirement place.

Good luck!
Back to top
View user's profile Send private message
Display posts from previous:   
Post new topic   Reply to topic    Job Discussion Forums Forum Index -> Oman All times are GMT
Page 1 of 1

 
Jump to:  
You cannot post new topics in this forum
You cannot reply to topics in this forum
You cannot edit your posts in this forum
You cannot delete your posts in this forum
You cannot vote in polls in this forum


This page is maintained by the one and only Dave Sperling.
Contact Dave's ESL Cafe
Copyright © 2018 Dave Sperling. All Rights Reserved.

Powered by phpBB © 2001, 2002 phpBB Group

Teaching Jobs in China
Teaching Jobs in China