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Smartypig® Australia Rates

Monday, August 30, 2010 - 7:13 PM
so i was looking at the smartypig Australian site, it has a rate of

5.25% p.a.* i don't know what "p.a." means, but that seems pretty high, do all forign banks have a higher rate of return then US banks

http://www.smartypig.com.au/
2
anteranter5 posts since
Jun 30, 2010
Rep Points: 23
1. Monday, August 30, 2010 - 8:20 PM
Rates do vary quite a bit by country. ING Direct also offers savings accounts in Australia

http://www.ingdirect.com.au/savings/interest_rates.htm

ING Direct Australia also has some nice rates:
New Savings Maximiser customers will receive a variable welcome rate of 6.25% p.a. for 4 months from account opening, on balances up to $250,000. This rate is subject to change and after 4 months will revert to the Savings Maximiser standard variable rate applicable at the time, which is currently 4.90% p.a.

One way US investors can participate in this is through EverBank's World Currency CDs. However, these do have currency risks and other risks as was seen when Iceland had its financial crisis.
1
Ken TuminKen Tumin5,442 posts since
Nov 29, 2009
Rep Points: 123,702
2. Monday, August 30, 2010 - 10:41 PM
so i was looking at the smartypig Australian site, it has a rate of

5.25% p.a.* i don't know what "p.a." means, but that seems pretty high, do all forign banks have a higher rate of return then US banks

http://www.smartypig.com.au/

p.a. = per annum (probably), i.e., per year.
2
darkdreamer4udarkdreamer4u174 posts since
Jun 11, 2010
Rep Points: 630
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