26 minutes ago, fletchsmile said:

It's all relative these days Interest rates generally are poor. Best deals in Thailand tend to be promotional rates, e-saver/internet only bank accounts, or non-standard fixed deposits, eg 10/14 month rather than the usual 1,3,6,12,2yr  tenors which are standard

 

 

 

I think the interest rates offered by banks just about anywhere now treat depositors with contempt. Take your money at 1-2% interest, then lend it out at 6-8% minimum. Which is why they have all those  skyscrapers in most capital cities.

Also why a lot of savers are turning to peer-to-peer lenders for decent returns. Riskier possibly, but that can be accommodated by diversification.

I have a modest amount invested with two peer-to-peer lenders in Australia. So far, average return on one is 5.3% pa, and the other is 9% pa.

I just wonder how many people realise the real gravy for banks is in the credit card business, where they are charging anywhere between 12% and 18% interest on outstanding balances. That's why I have only had debit cards for the last

30 years.

Arguing with idiots is like playing chess with a pigeon.....No matter how good you are, the bird is going to shit on the board and strut around like it won anyway.

It would appear that this thread has passed it's use-by-date.  

 

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