Saving your money in a foreign country is easier said than done !

At first it is often very difficult, if not impossible to open a bank account in another country than your own.

Secondly banks generally require that when one wants to profit from the attractive interest rates offered by them you will need to be a resident of the country where the bank is established.

Thirdly is saving abroad not without risk. You will need to take into consideration that there always is a chance of depreciation of the foreign currency with respect to your own currency. We will clarify this with an example.

Suppose that you will start saving abroad and you can exchange 1 USD or 1 GBP against 10 beuri (this is a fictitious currency). By the time that you want to withdraw your money the exchange rate of the beuri has fallen and you will not receive your exchanged USD or GBP plus interest back but only 0,85 USD or GBP. You thought to receive a nice interest rate but in fact you could lose your money.

For this reason it is not as simple as it seems. Fortunately you do not have to do it yourself.

Soon we will be able to offer you an interest rate of 8 %. Would you like to stay informed about this possibility please send us an e-mail. The address is  info@fintell.com or you can use the contactlink at the right side of this page.