State Bank of India Raises Deposit Rates for a Second Time in Less than a Month

Anyone keen on the savings environment in both India and the United States may feel like the two are each other’s bizarre-O worlds lately.

While we are experiencing record low savings rates here in the United States, India continues to see their domestic savings rates rise to ridiculous heights.

As of this week, the largest bank in India – The State Bank of India, has seen it’s deposit rates rise to Read more…

Attractive Rates Offered Through Foreign Currency CDs in 2012

It’s tough out there for income investors looking for bank deposits with attractive rates – at least domestically.

2012, however, may turn out to be quite a rewarding year for foreign currency CD holders. Although these products certainly dont come without risk, they pose as an enticing investment vehicle for a more risk-seeking consumer willing to perform the required due diligence.

With US bank deposits yielding less than the current rate of Read more…

The Truth About Swiss Bank Accounts

When you think about Swiss Banks, the first thing that comes to mind is likely Switzerland’s well-known commitment to privacy. The Swiss banks have been getting money from the rich and the filthy-rich since the Middle Ages. These account holders are then known externally only by their account numbers, and only the banks know their true identities.

The primary reason for many people to use Swiss banks in the past was to Read more…

Pre-Summit Bank Levy Proposals to Increase Cost of Banking

The turbulent month of May is behind us.  June has brought calm, but continued hand wrangling by government finance officials in Europe, the U.K. and the U.S. threatens to prolong the market uncertainty rather than deal with the real problems.  The latest round of public pronouncements suggest that bank levies are necessary to create a bail out pool of funds, ostensibly to shield such costs from having to be funded directly Read more…

The Future of Brazil’s Economy: Investment Grade.

The potential for Brazil to be among the world’s front-runners as one of the most stable and prosperous economies has existed for as long as it’s been inhabited. It’s natural resource quality and quantity is rivaled by no other nation and it’s society is controlled by a democratic government whom support capitalistic philosophies and open and free markets (although Brazilians still prefer a strong government presence). And when you take a Read more…