Are you looking for the best deposit rates? Interest rates on deposits in the U. S. are an auction, but what about elsewhere? This article will provide a list of countries with the highest interest rates on term, demand and savings deposits, as well as how inflation affects those rates and real interest rates. Turkey topped the list with an impressive 22.9% interest rate, followed by Moldova and Venezuela.
South American country Argentina came in second with 33.9%. Before you consider moving to a country with higher interest rates, it's important to understand how inflation affects those rates and the lack of insurance protection on your deposits overseas. The national average interest rate for savings accounts in the U. is only 0.06%, according to Federal Deposit Insurance Corp.
Low interest rates in the U. are an indicator of stability, while the highest interest rates in the world come from highly unstable countries.If you're considering moving to a country with higher interest rates, be sure to consider how inflation affects those rates and the lack of insurance protection on your deposits overseas.
