Mentor Group Gold
I never understood people that do that.Georgia has some really good interest rates on CDs. Just make sure you know how you're going to use the money that you get back. This bank, for example, lets you also buy in USD or EUR at lower rates which will be easier to work with (but that maybe defeats the purpose a bit?). With developing countries and currencies, you have to be wary of political movements, but my personal opinion is that Georgia is stable and popular enough now that it offers a bit more safety and respectability in banking than in certain other countries. It's also an interesting place for real estate currently and other investment opportunities.
Putting money in a bank in Georgia or Cambodia or Kazakhstan etc your risk:reward is very bad. In the best case you will make 2-3% (or 5% in Cambodia) on your USD. In the worst case (and the odds of that are not 0%) the bank will go bankrupt and you will lose 100% of your money. These places are banana republics where the government won't bail you out.
You're risking 100% of your money to make 2%, investing your money in whatever loans these banks will do which you have no control over.
Why do that when Instead you can buy a Index of Dividend Stocks like SPYD which currently pays 4.60% dividend in USD. There is risk but it's limited and spread over dozens of strong companies, most of them founded way before these Georgian banks were created. At the worst case you will still not lose 100% of your capital, and in the long term (5-15 years) you are practically guaranteed to appreciate your capital due to inflation PLUS get the 4.60% dividends paid every quarter. You can buy and sell whenever you want and are not locked in to a deposit.
PLUS the people that are more risk taking and lured by the high yields in exotic currencies seem to avoid the fact that the currency risk is immense and can wipe out years of yield in a week. Just look at EUR\GEL graph to see how GEL lost 33% of its value in the last 2 years 60% of its value in 6 years. And I don't even want to think about people that did a deposit in Turkish Lira...
P.S. Buying dividend ETF also means you will not be invested in any tech bubble companies (since none of them make any profit therefore can't pay dividends), so your risk of bubble crashing and ruining your investment is lower as well