Offshore Banks that Pay INTEREST on Deposits

[GeneralGogol]

So it seems we are living in a new world where money actually has a price! And the news has hit some offshore banks.

I've started making a list of banks that pay interest rates for deposits\idle balances:

1. CIM Banque (Switzerland): 4.50% in USD for 12 months deposit and 2.25% on EUR.
   https://www.cimbanque.com/en/private-banking/bank-accounts/deposit-account/Not sure it's such a good deal as the money is placed in a 3rd party bank.
2. Interactive Brokers: 2.58% on idle USD balances
3. Robinhood paying 2-3% on idle USD balances (only US citizens)
4. WealthFront paying around 3% on idle USD balances (only for US citizens)

Feel free to contribute to the thread by commenting and help extend this list.

 

[JohnnyDoe]

What is the current inflation rate?

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[Martin Everson]

HSBC Jersey Premier 12 month USD deposit 3.74%

https://expatexplorer.hsbc.com/interest-rates/

JohnnyDoe said:
What is the current inflation rate?
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But some crazy people however like real world negative returns on their money...lol 😕.

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Please note my posts should not be taken as financial or tax advice. Please seek professional advice in that respect.

 

[Tr0nad0r]

HSUV.U (Horizons USD Cash Maximizer) ETF on TSX has a 3.46% yield currently, it accumulates instead of distributing (capital gains tax are more tax-convenient than distributions for Canadian residents)

https://horizonsetfs.com/ETF/hsuv-u/

 

[wellington]

GeneralGogol said:
So it seems we are living in a new world where money actually has a price! And the news has hit some offshore banks.

I've started making a list of banks that pay interest rates for deposits\idle balances:

1. CIM Banque (Switzerland): 4.50% in USD for 12 months deposit and 2.25% on EUR.
   https://www.cimbanque.com/en/private-banking/bank-accounts/deposit-account/Not sure it's such a good deal as the money is placed in a 3rd party bank.
2. Interactive Brokers: 2.58% on idle USD balances
3. Robinhood paying 2-3% on idle USD balances (only US citizens)
4. WealthFront paying around 3% on idle USD balances (only for US citizens)

Feel free to contribute to the thread by commenting and help extend this list.
Click to expand...

With CIM, good bank.