Seeing that everyone else is is being picky, I'll join in.scobienz wrote:Thrifty wrote:Did I state it was a Deposit account? I don't think so.
This is what I stated earlier, I can get better returns off shore.
Precisely my reading of your point too. I don't know why people are picking your point to bits. When you posted I immediately assumed you weren't just talking about a term deposit in the Isle of Man.
It's not that hard to find better 'real' rates 'off shore', by which I mean not in Cambodia, so long as you bring other factors into play like exchange rate risk. Cash sitting in a 4% term deposit in a country whose currency has appreciated 10% against that of your base currency provides a 14% return, for example.
Thrifty's point is that there is more to 'returns' than a published interest rate on a term deposit.
Your return wouldn't be 14% - it would obviously be 14.4% (minus any applicable taxes and currency exchange costs).