Posted on: 28-10-10 18:13:04
You can invest in 3/5 years non-redeemable escalating rate GICs.
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He who has not acquired one of the following: religious merit (dharma), wealth (artha), satisfaction of desires (kama), or liberation (moksa) is repeatedly born to die
What about FCNR deposit with Citi bank or other banks?
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Success is Never Ending and Failure is Never Final.
Check out this bank they are member of CDIC and u can open high intreset saving account at 2% intreset
http://www.ally.ca/en/index.html
Quote:geez man you just don't stop, do you?
Originally posted by ashedfc
Ignore this post (if you don't like to read)
US Fed is determined to engineer Inflation. As of now, there is an export of inflation from developed countries to emerging economies (India being one of them).
how many discussions and threads will you highjack to spew your obession with global economic failure?
your mindless copy and paste and links to gazallion web sites are clogging the whole forum.
the poor guy asked a simple question....and now everyone has confused him senseless.
Quote:
Originally posted by ashedfc
In such a situation of currency war & currency devaluation, value of currency will reduce, so holding a fixed instrument outside your home currency is questionable. FCNR for a Canadian, (who is looking to preserve his home purchase down payment) outside the home currency isn't the right way.
Ashedfc, a FCNR full form is "Foreign currency non resident account" in other words account for NRI's in USD, CAD, GBP, EURO etc.... their choice of currency. One can keep a FCNR account in CAD and if I'm not mistaken the interest rate with HSBC is 2.92% for 1-2 year. Most of the banks, Citibank, HSBC, in India will have similar rates.
Metallurgy- please check for FCNR interest rates with your bank in India (where you have NRI account). I'll suggest if you have CAD then keep the FCNR account in CAD only.
Jona
