My country raised interest rates. Naturally the savings rates also went up. As a matter of fact back home (where interest rates are still low) I can now get almost 5% on a 1-year deposit. Depositing 500,000 bucks would allow me to live like a medium tier Cheap Charlie in Thailand without touching a principal.
I think Thailand interest rates are higher, but they seem to be paying next to nothing on term deposits. Am I correct or am I looking at the wrong places?