Interest on USD in EU - Bond trading

[European]

Hi all,
I am looking to put some money away to generate interest in USD. I'm a based in the EU
1. What options are there paying a good interest?
2. Any ideas on platforms in the EU with low commission to trade bonds (American and European mainly)

Thanks

 

[void]

European said:
I am looking to put some money away to generate interest in USD. I'm a based in the EU
1. What options are there paying a good interest?
Click to expand...

wise is actually pretty "generous" at the moment and the decision is yours whether it's worth the risk give them your money

 

[JustAnotherNomad]

https://www.offshorecorptalk.com/threads/earning-interest-on-cash.40465/https://www.offshorecorptalk.com/threads/bank-emi-with-4-yield-on-savings.41247/
No idea about bonds.

 

[Paddyireland]

Interactive brokers will pay you 4.5% on cash balances above 100k.

 

[backpacker]

European said:
2. Any ideas on platforms in the EU with low commission to trade bonds (American and European mainly)
Click to expand...

Bond trading is usually done OTC.
Some online brokers might offer the option to buy retail bonds on stock exchanges. Even the most expensive private bank does that cheaper (because they only trade OTC) since the price of one and the same bond is much better OTC than on a stock exchange.
Understand that pricing is done OTC and depends on several factors. One is, of course, your volume.

In short: Do not look for a "platform", look for a good bank!

 

[European]

backpacker said:
Bond trading is usually done OTC.
Some online brokers might offer the option to buy retail bonds on stock exchanges. Even the most expensive private bank does that cheaper (because they only trade OTC) since the price of one and the same bond is much better OTC than on a stock exchange.
Understand that pricing is done OTC and depends on several factors. One is, of course, your volume.

In short: Do not look for a "platform", look for a good bank!
Click to expand...

@backpacker
Does that apply also to government bonds?Those trade mostly on exchanges if I am not mistaken?
Thanks

 

[backpacker]

European said:
Does that apply also to government bonds?
Click to expand...

With regards to volume, price and liquidity: Yes.
You are almost always better off to buy/sell bonds OTC. The only exception is if you want to buy low volume since OTC requires a certain minimum to make sense.

European said:
Those trade mostly on exchanges if I am not mistaken?
Click to expand...

They might be listed there (aside from their main listing, done for tax reasons) but the volume goes OTC.
Forget about buying on a stock exchange, if you're fine with the minimum required.