So it seems we are living in a new world where money actually has a price! And the news has hit some offshore banks.
I've started making a list of banks that pay interest rates for deposits\idle balances:
Feel free to contribute to the thread by commenting and help extend this list.
I've started making a list of banks that pay interest rates for deposits\idle balances:
- CIM Banque (Switzerland): 4.50% in USD for 12 months deposit and 2.25% on EUR.
Swiss Deposit account: Safe & efficient money investment
Fixed Rate Deposits Account, Fixed rate deposits for 1, 3, 6 or 12 months at CIM Bank, your Private Bank in Geneva since 1990, Switzerlandwww.cimbanque.com - Interactive Brokers: 2.58% on idle USD balances
- Robinhood paying 2-3% on idle USD balances (only US citizens)
- WealthFront paying around 3% on idle USD balances (only for US citizens)
Feel free to contribute to the thread by commenting and help extend this list.