Bank Profit

Discussion in 'General Business' started by Earning, Jan 17, 2009.

  1. #1
    Hi,
    Any body from any countries please tell me about their Bank Profit.

    Thanks.
     
    Earning, Jan 17, 2009 IP
  2. anhbloginc

    anhbloginc Well-Known Member

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    #2
    Fast.
    Easy way keep , send , received money
    Good way to get % from $ if have no work with big money

    Maybe have more. Next pp !
     
    anhbloginc, Jan 17, 2009 IP
  3. Earning

    Earning Well-Known Member

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    #3
    Thanks,
    But please tell me the rate and your country.
    The Rate per the years.
     
    Earning, Jan 17, 2009 IP
  4. anhbloginc

    anhbloginc Well-Known Member

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    #4
    ATM and LocalBank is free. Debit/Credit Card fee $30 per year ( free use card )
    Saving Account earning from 10% - 15% from total money you save.
    Vietnam Country :D Welcome
     
    anhbloginc, Jan 18, 2009 IP
  5. Earning

    Earning Well-Known Member

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    #5
    Thanks, so for your money they will pay you %10-%15 each year!
     
    Earning, Jan 19, 2009 IP
  6. l0ng2111

    l0ng2111 Active Member

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    #6
    yes

    10 - 15% each year. if you deposit for full year. I live in VN too. it's pretty cheap in here.

    But with limited banking tools, service. we dont have local Paypal, local ebay etc.. only some forums, ppl post ads, then deal business offline.
     
    l0ng2111, Jan 20, 2009 IP
  7. mentos

    mentos Prominent Member

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    #7

    Since US cut their rate,i transfer my money to other country and now i'm eaning 4% p.a for fixed deposit
     
    mentos, Jan 24, 2009 IP
  8. Earning

    Earning Well-Known Member

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    #8
    May I ask which country?
     
    Earning, Jan 28, 2009 IP
  9. lukey372

    lukey372 Notable Member

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    #9
    wow over here in australia we get 4.4-5.6% which sucks.
     
    lukey372, Jan 28, 2009 IP
  10. Earning

    Earning Well-Known Member

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    #10
    For having a good result please tell me if you spend $1000 (USD) in your bank account for one year, how much they will pay you for each month?

    [Exchange the USD into your curency and then calculate, then exchange the profit into USD]
     
    Earning, Jan 28, 2009 IP
  11. Kendothpro

    Kendothpro Well-Known Member

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    #11
    I don't know if you're aware of this, but being in the global markets I'll point out something that common folks often miss:

    - If you sell your currency, let's say USD
    - And you buy a foreign currency, let's say AUD

    You are in effect enacting what's called a "carry trade", which has some inherent risks.
    All of you probably understand that if you get 1% a year in USD, and move to AUD which gives 5%, you're earning 4% more.
    However, you should also be aware that USD and AUD fluctuate relative to each other, and specifically, if the AUD loses more than 4% relative to the USD in one year, you've actually lost money :D

    Specifically, in 2008 many banks were in the yen carry trade, and billions (some say trillions) of dollars were in such bets (the yen was paying 0.5% interest, while some currencies like the turkish lira paid 15%). Some of those banks went bankrupt when the yen strengthened against other currencies :D
     
    Kendothpro, Jan 28, 2009 IP
  12. anhbloginc

    anhbloginc Well-Known Member

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    #12
    Hi. Welcome You "long"
    Which city/province you live ?
     
    anhbloginc, Jan 31, 2009 IP