http://nomadcapitalist.com/2018/08/12/highest-interest-rates-banks/ http://nomadcapitalist.com/2016/05/02/high-interest-offshore-savings-account/ You may have heard of the term "CD laddering", which you deposit money into different term deposits with varying maturities. But with interest rates in the western world so low, can you really earn a return anymore? Andrew explains how term deposits in foreign countries - both in US dollars and foreign currencies - may allow you to earn higher interest rates than you'd earn at home, allowing your money to grow faster. Now to be clear, we're not offering any kind of investment advice. What we are suggesting is that you can look beyond your own borders to find higher interest rates that allow you to grow your savings faster. Did you know that banks in Mongolia pay about 14% interest? Or that banks in Southeast Asia pay up to 8% on US dollars. Many of the foreign banks paying higher interest rates are actually more stable than US banks or your local bank. For example, TBC Bank in Georgia has large foreign bank shareholders and trades on the London Stock Exchange. Not all foreign banks are good, and currency risk is an issue to consider. However, with a proper savings diversification plan, your term deposits could earn a lot more interest overseas. And here's the best part: it's all legal, provided you complete the proper forms and manage any reporting requirements at home.