Banks/EMI for crypto offramp (non-EEA resident)

Revoltec · Thursday at 12:11

foreverdoomed said:
One thing that looks odd to me with SG banks is some of them have a really low interest on USD accounts, which effectively makes you lose money against inflation (I want at least 3.5% as fed rates are 4.25%, and for example this bank showed me a 0.03% interest rate)

Inflation including the debasement of the currency is somewhere between 8 and 12% buddy (and has been for the past 70 years). Gold (and even better, BTC) is the real currency

foreverdoomed · Thursday at 12:34

Revoltec said:
Inflation including the debasement of the currency is somewhere between 8 and 12% buddy (and has been for the past 70 years). Gold (and even better, BTC) is the real currency

lol yes whatever the 'real' rate that was not my question; I'm asking what is the standard for SG banks, as europe/us is normally around fed rates

Revoltec · Thursday at 12:41

foreverdoomed said:
lol yes whatever the 'real' rate that was not my question; I'm asking what is the standard for SG banks, as europe/us is normally around fed rates

Maybe just put into stocks or ETFs? The standard rate is not 8-12% anyways

foreverdoomed · Thursday at 13:14

Revoltec said:
Maybe just put into stocks or ETFs? The standard rate is not 8-12% anyways

ETFs would be fine too; do they generally offer US ETFs or only local ones?

Banks/EMI for crypto offramp (non-EEA resident)

Revoltec

foreverdoomed

New member

Revoltec

foreverdoomed

New member

Banks/EMI for crypto offramp (non-EEA resident)

Revoltec

foreverdoomed

New member

Revoltec

foreverdoomed

New member

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