jua_java Posted April 21, 2019 Report Posted April 21, 2019 E concept vundha ?? If so interest entha istadu ! Quote
RULER Posted April 21, 2019 Report Posted April 21, 2019 Yes vunatai ...2 to 3 percent ... depends on number of years ...High yield cd accounts Quote
Merabharathmahan Posted April 21, 2019 Report Posted April 21, 2019 Capital one lo CD chudu i think 2.75% istaru. 50k minimum tho start anukunta. FD ni ikkada CD antaru. Nee city lo local credit unions lo kooda adugu. Credit unions lo interest ekkuva istaru Quote
karna11 Posted April 21, 2019 Report Posted April 21, 2019 chase loo edo pettadu CD ani 2% int rest min 10k in 9 months https://www.chase.com/personal/savings/bank-cd Quote
RULER Posted April 21, 2019 Report Posted April 21, 2019 You can also invest in treasury Bonds (2.40 to 3 %) Quote
kittaya Posted April 21, 2019 Report Posted April 21, 2019 45 minutes ago, jua_java said: E concept vundha ?? If so interest entha istadu ! Waste ba... Nenu already they chesa.. India is best Quote
jua_java Posted April 21, 2019 Author Report Posted April 21, 2019 35 minutes ago, RULER said: Yes vunatai ...2 to 3 percent ... depends on number of years ...High yield cd accounts Okka 20k month on month chesukovacha ! Like nt sure when ill need it so have to be ready to pull it out in quick time Quote
AlaElaAlaEla Posted April 21, 2019 Report Posted April 21, 2019 50 minutes ago, jua_java said: E concept vundha ?? If so interest entha istadu ! Marcus or Amex Quote
tacobell fan Posted April 21, 2019 Report Posted April 21, 2019 Money ni batti decide avvali. 100k aithe it doesn't make sense. India lo better rates unnayi. Quote
AlaElaAlaEla Posted April 21, 2019 Report Posted April 21, 2019 1 minute ago, tacobell fan said: Money ni batti decide avvali. 100k aithe it doesn't make sense. India lo better rates unnayi. aa 100k ni return to US tevatam kastam baa... Quote
tacobell fan Posted April 21, 2019 Report Posted April 21, 2019 10 minutes ago, AlaElaAlaEla said: aa 100k ni return to US tevatam kastam baa... NRE/NRO account purpose adhe to avoid this hassle. Quote
AlaElaAlaEla Posted April 21, 2019 Report Posted April 21, 2019 9 minutes ago, tacobell fan said: NRE/NRO account purpose adhe to avoid this hassle. When you send dollars to India, you convert it into rupees. The interest you earn is on the rupee. . Based on historical data, over a period of time, for the same rupee, you get fewer dollars. on 4 Jan 2014, the price of a dollar was Rs 45.351. On 27 May 2018, the same dollar will require Rs 67.435 to buy back. This means that $10,000 you sent home is now worth only $6,725 (assuming no growth). That’s currency value fluctuation acting against you. My hypothetical analysis of the above scenario results in a profit of $3,495 on an initial investment of $10,000 over 14 years. However, this could vary wildly based on RBI rate changes, currency rate change, and other factors both in India and US. For the geeks among you, refer to the concept of “Interest Rate Parity” to learn more about why interest rate differences do not matter. Considering the marginally low potential to earn a profit, and the associated tax filing complexities, you are better off investing in the US. 1 Quote
user789 Posted April 21, 2019 Report Posted April 21, 2019 33 minutes ago, tacobell fan said: Money ni batti decide avvali. 100k aithe it doesn't make sense. India lo better rates unnayi. difficult to bring huge m0ney back to us... Quote
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