$USD Term Deposit Rates in Australia

Discussion in 'Other Investments' started by Lovey80, Jan 12, 2016.

  1. Lovey80

    Lovey80 Well-Known Member

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    Anyone know where I can get a comparison of the current rates for USD term deposit accounts in Australia?
     
    Lovey80, Jan 12, 2016
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  2. Lovey80

    Lovey80 Well-Known Member

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    Bump.
     
    Lovey80, Jan 13, 2016
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  3. dragafem

    dragafem Well-Known Member Silver Stacker

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    I thought it is 0% everywhere...
     
    dragafem, Jan 13, 2016
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  4. BuggedOut

    BuggedOut Well-Known Member Silver Stacker

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    Agreed.

    I haven't looked at term deposits, but when I was setting up a regular USD savings account in Australia the best I saw was 0% (not that I cared to look to hard - lower fees was more important to me)
     
    BuggedOut, Jan 13, 2016
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  5. screaming eagle

    screaming eagle Active Member Silver Stacker

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    screaming eagle, Jan 13, 2016
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  6. SilverDJ

    SilverDJ Well-Known Member

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    Yep, I get no interest on my two USD accounts. But they are savings accounts, not term deposits.
     
    SilverDJ, Jan 13, 2016
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  7. SilverDJ

    SilverDJ Well-Known Member

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    A rocking 0.42% for 12 months! :rolleyes:

    You'll pay many times more than that with the banks horrible conversion rate.
    Banks are the worst possible place you can convert your money.

    Actually, I just checked, and Citibanks rates are way better than Commbank, but still pretty bad.
    http://www.citibank.com.au/aus/investments/forex-rates/AUD.htm
    https://www.commbank.com.au/personal/international/foreign-exchange-rates.html
     
    SilverDJ, Jan 13, 2016
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  8. Monsta

    Monsta Member

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    Pretty sure last time I checked that Paypal was the absolute worst for FOREX Margins, bar none.

    Completely captive market I am afraid, so they do what they like.
     
    Monsta, Jan 13, 2016
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  9. Lovey80

    Lovey80 Well-Known Member

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    Well that puts that out the window.... Thanks for the replies everyone.
     
    Lovey80, Jan 13, 2016
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  10. Beyond

    Beyond Well-Known Member

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    U can give to me I pay interests to u

    Higher than bank
    Haha
     
    Beyond, Jan 13, 2016
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  11. errol43

    errol43 New Member Silver Stacker

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    Why not take your AUD to the bank, swap for USD and wait...USD rises you win big time>

    Regards ERROL 43
     
    errol43, Jan 14, 2016
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  12. SilverDJ

    SilverDJ Well-Known Member

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    Nope.
    Currently:
    Paypal is 0.6797
    Commbank is 0.6640 for cash

    and as a comparison, a good online broker like Currencyfair.com is 0.6956
    XE.com shows 0.6986
     
    SilverDJ, Jan 14, 2016
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  13. SilverDJ

    SilverDJ Well-Known Member

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    If you did that at the Commbank then the AUD would have to fall almost 7% before you break even because of their horrible rates.
     
    SilverDJ, Jan 14, 2016
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