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alinkorea
Joined: 02 May 2005
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 Posted: Mon May 01, 2006 5:48 pm Post subject: high interest saving accounts |
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| I'm looking to put my savings into a high interest account. Anyone know of a particular type of account paying good interest? Any help much appreciated. |
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Reflections
Joined: 04 Jan 2005
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| Posted: Tue May 02, 2006 5:26 am Post subject: |
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| I think I recall reading some months ago about a high interest account at HSBC - I am not sure if that is still going> |
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IwalkAlone
Joined: 30 Nov 2005
Location: Daegu
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| Posted: Wed May 03, 2006 12:36 am Post subject: |
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| Bank of New Zealand is paying 7.25% at the moment. Only problem is unless you plan on living in and spending your money using the NZD, you could lose a bit with economic releases. I'm American and am getting 4.5% in my savings account. I tend to use the USD so I'm not worried about shifts in the economy. www.Emigrantdirect.com is my bank. |
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Wangja
Joined: 17 May 2004
Location: Seoul, Yongsan
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| Posted: Wed May 03, 2006 12:40 am Post subject: |
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For USD Shinhan give 4.79% on 90-day accounts.
Not too sure that USD is the right one to hold right now, but that's another story. |
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parghi22
Joined: 01 May 2006
Location: Vancouver, BC
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inspector gadget
Joined: 11 Apr 2003
Location: jeollanam-do in the boonies
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| Posted: Tue May 09, 2006 4:20 pm Post subject: |
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| I use Presidents choice back in Canada, high interst and no fees, its great I have been dealing with them for 6 years and have zero complaints |
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rothkowitz
Joined: 27 Apr 2006
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| Posted: Tue May 09, 2006 7:30 pm Post subject: |
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| Chohung Bank had 5.5 % for 6 month funds.Since merged into Shinhan. |
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rothkowitz
Joined: 27 Apr 2006
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| Posted: Wed Aug 30, 2006 11:00 pm Post subject: |
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Hmm...I actually lost money on that one.
How a bank could say to me we underperformed so much that we won't be paying you any interest and we'll gouge a further 150.000 is beyond me.
Shinhan,now known as CVNT BANK. |
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Return Jones
Joined: 06 Feb 2004
Location: I will see you in far-off places
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| Posted: Wed Aug 30, 2006 11:47 pm Post subject: |
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| rothkowitz wrote: |
Hmm...I actually lost money on that one.
How a bank could say to me we underperformed so much that we won't be paying you any interest and we'll gouge a further 150.000 is beyond me.
Shinhan,now known as CVNT BANK. |
I'm guessing those weren't secure deposits at those rates. My girlfriend steered me away from that sort of thing for those exact reasons. Care to tell us what happened in more detail? Much appreciated! |
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Wangja
Joined: 17 May 2004
Location: Seoul, Yongsan
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| Posted: Thu Aug 31, 2006 12:08 am Post subject: |
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| rothkowitz wrote: |
Hmm...I actually lost money on that one.
How a bank could say to me we underperformed so much that we won't be paying you any interest and we'll gouge a further 150.000 is beyond me.
Shinhan,now known as CVNT BANK. |
In addition to what the last poster said, it looks too as if you opened an account with another bank and it seems unjust to blame Shinhan.
Those "stock-linked" accounts can be great. But not always. I am sorry for you.
(I had a pension plan that over 7 years gave me back barely 90% of my contributions). |
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rothkowitz
Joined: 27 Apr 2006
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| Posted: Thu Aug 31, 2006 6:36 pm Post subject: |
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I understood that it was secure....evidently not.I certainly hadn't expected to lose money ...oh btw,they said I would be guaranteed my principal and the interest if I kept it there.....for 5 years.
Guess I didn't lose quite so much....put in 5 million and lost any interest plus 150.000 off my original investment.
Be more careful next time I guess and make sure the bank guy speaks English and he can show me the exact conditions in English. |
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Wangja
Joined: 17 May 2004
Location: Seoul, Yongsan
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| Posted: Thu Aug 31, 2006 6:37 pm Post subject: |
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| I have every sympathy - did you actually keep it there for the whole 5 years? |
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peony
Joined: 30 Mar 2005
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| Posted: Thu Aug 31, 2006 7:03 pm Post subject: |
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| HSBC online savings account is over 5% |
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rothkowitz
Joined: 27 Apr 2006
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| Posted: Thu Aug 31, 2006 8:16 pm Post subject: |
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| No way!!!I took it out straight away.Sucked up the loss .....actually only stopped bitching and grumbling in my sleep a few days ago,the wife tells me. |
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Wangja
Joined: 17 May 2004
Location: Seoul, Yongsan
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| Posted: Thu Aug 31, 2006 8:19 pm Post subject: |
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Weeeeeeeelllllll, if the capital guarantee was for 5 years and you withdrew before the guarantee came into effect, that was your decision.
It may have been a good decision, but it's not really fair to blame a bank before they were obliged to make good their contract. |
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