Hello, recently i learned that the average interest in bonds in the bank yield an interst of 1 1-3 % in countries such as the US and UK.
To me thats very surprising since i am in a third world country and the interest here reaches 12% APY for 3 year bonds, and some banks even offer larger interests if you deposited using a foreign currency
which brings me to my next question, what's preventing people from opening accounts and saving abroad and getting 10%+ interest ? Furth more, is there a term for this?
Submitted August 26, 2021 at 10:35AM by skeptixon https://ift.tt/38fDqgl