15% interest?

Adrian Bye · #1 08-16-2009, 10:52 PM

In another thread thehun mentioned you could get 15% interest on USD $150k. I'm getting terrible interest rates on USD right now in the DR; anyone know where/how to get 15% - I'm willing to convert to dominican pesos.

mike l · #2 08-17-2009, 01:50 AM

Quote:

Originally Posted by adrianb

In another thread thehun mentioned you could get 15% interest on USD $150k. I'm getting terrible interest rates on USD right now in the DR; anyone know where/how to get 15% - I'm willing to convert to dominican pesos.

You won't get 15% on U.S $ but you will on a Peso CD.

Send a PM to Tamborista for this as he is up to snuff with the current rates.

Best rate for U.S. CD's is 7% but I am speculating as have yet to go to POP and see this place....It's called Rusa and they are a large money changing operation...let me know what you find out.

Check the search function here as well.

Lambada · #3 08-17-2009, 02:18 AM

Quote:

Originally Posted by mike l

It's called Rusa and they are a large money changing operation...let me know what you find out.

They only accept investments when they have a use for the money. Sometimes you have to wait quite a while. They have just closed Fine Gift Centre opposite so my advice would be to phone before you make a journey which might be unnecessary.

bryan1258 · #4 08-17-2009, 02:53 AM

Stop that silly daydreaming. You'll never get 15% on an American account.

The Virginian · #5 08-17-2009, 04:10 AM

Check on Banco Popular. They were offering 7% last month.

Adrian Bye · #6 08-17-2009, 04:27 AM

The Virginian: is that 7% on USD or DOP?

The Virginian · #7 08-17-2009, 08:54 AM

Sorry, I should have mentioned the 7% at Banco Popular was DOP. But still much much better then what you would get here or in the US for USD, for a 6 month CD.