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phoenixstorm
Joined: 06 Mar 2007
Location: Seoul, South Korea
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 Posted: Thu Feb 12, 2009 5:06 pm Post subject: Leaving soon with won!!! |
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| I've got won and don't know what to do with it! Should I just leave it in the bank and hope it improves over the next few months or should i just convert it to dollars now before things get worse? |
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alex83
Joined: 03 May 2007
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| Posted: Thu Feb 12, 2009 5:39 pm Post subject: Re: Leaving soon with won!!! |
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| phoenixstorm wrote: |
| I've got won and don't know what to do with it! Should I just leave it in the bank and hope it improves over the next few months or should i just convert it to dollars now before things get worse? |
Nobody (especially on this board) is able to predict the future. However, you can get very high interest rates at a few savings banks for term deposits here. So even if the won stays the same, or even worsens slightly, you'd be better off saving. |
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Looney
Joined: 23 Dec 2008
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| Posted: Sat Feb 14, 2009 6:56 pm Post subject: |
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[quote="alex83"]
| phoenixstorm wrote: |
| However, you can get very high interest rates at a few savings banks for term deposits here. So even if the won stays the same, or even worsens slightly, you'd be better off saving. |
what sort of interest rates can you get these days? and for which banks? I`d imagine the government have cut interest rates significantly in recent months |
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toonchoon
Joined: 06 Feb 2009
Location: Gangnam
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| Posted: Sat Feb 14, 2009 10:43 pm Post subject: |
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| almost 5% interest at KEB for 3-6 month deposits. check it out, it's a good deal. |
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