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Foreign Currency term deposits

Foreign Currency term deposits

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Old Oct 2nd 2010, 10:52 pm
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Default Foreign Currency term deposits

With the Aud being so high at present, I just wondered how many people were doing this. ?

Heres a local bank that is set up to handle exactly these type of accounts. Besides the obvious pitfuls are the interest rates indicitive of what a full Aussie resident should expect ?

http://www.arabbank.com.au/a-personal-loan/140
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Old Oct 3rd 2010, 12:26 am
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Default Re: Foreign Currency term deposits

"Arab"? "Interest"?

Allah will have you stoned to death
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Old Oct 3rd 2010, 9:41 am
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Default Re: Foreign Currency term deposits

There are Christian Arabs.
Originally Posted by Wol
"Arab"? "Interest"?

Allah will have you stoned to death
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Old Oct 3rd 2010, 9:47 am
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Default Re: Foreign Currency term deposits

Originally Posted by IvanM
There are Christian Arabs.
The christian gods enjoy killing people in just as nasty ways
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Old Oct 3rd 2010, 9:56 am
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Default Re: Foreign Currency term deposits

Originally Posted by ozzieeagle
With the Aud being so high at present, I just wondered how many people were doing this. ?

Heres a local bank that is set up to handle exactly these type of accounts. Besides the obvious pitfuls are the interest rates indicitive of what a full Aussie resident should expect ?

http://www.arabbank.com.au/a-personal-loan/140
You'd probably be better off getting a 6 month forward contract with 10% deposit and then keeping the other 90% of the money in a Aus savings account.
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Old Oct 3rd 2010, 10:21 am
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Default Re: Foreign Currency term deposits

We always have confession to absolve us. I am so lapsed I am condemmed to hell.
Originally Posted by Wol
The christian gods enjoy killing people in just as nasty ways
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Old Oct 3rd 2010, 4:41 pm
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Default Re: Foreign Currency term deposits

Originally Posted by ozzieeagle
With the Aud being so high at present, I just wondered how many people were doing this. ?

Heres a local bank that is set up to handle exactly these type of accounts. Besides the obvious pitfuls are the interest rates indicitive of what a full Aussie resident should expect ?

http://www.arabbank.com.au/a-personal-loan/140
hsbc do currency accounts for personal , i have one for USD

their charges need to be looked at carefully . other banks have them too but hsbc seemed best of what i could find that allowed any amount deposit/removal frequently etc without too harsh charges.
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