Fixed deposits of 4-6% are attractive, especially with EU and US markets stalled. I am looking into ABA fixed deposits as I already have an ABA account and it is backed by Royal Bank Canada.

Is this a good time to buy ABA fixed deposits?

If you had to rank the security level of KH ABA fixed deposits, what % would you give it? What is the most that you would invest and sleep well at night?

mariaon3 wrote
"US markets stalled'' ??

Dow is poised to bust thru 18K, Nasdaq closing in on record high of one year ago, S&P 500 will beat records this year. Stalled?? Hardly.
Buy FB.

Well, last year, the US market was flat. I no little more than that - what is FB?

FB = FaceBook.

Type ''bank rates '' in search box.
Will help you more than I can. Personally I would have concern about who/what they are loaning to. If it's real estate or construction I would hesitate as there is presently a huge bubble in that sector.
There are a couple or more abandoned projects about.
Plus be aware of what Cambo tax man take on earnings.
Plenty to read in search results.
Good luck to you.

I've got a fair bit in Prasac. 9.75% and AMK, around 10%, Micro-finance not banks though!. Maybe worry and be sleeping less if I left it in over the next election, but up to now good returns last 4 years!

Fourkinnel wrote:I've got a fair bit in Prasac. 9.75% and AMK, around 10%, Micro-finance not banks though!. Maybe worry and be sleeping less if I left it in over the next election, but up to now good returns last 4 years!

''if I left it in over the next election''. Ha! I wonder why.

I think 2018 gonna be real exciting.Already gave away my very very dark coloured T shirts.

Gonna check Prozac out.

not a finance pro but a simple comparison of the prevailing rate today for aba $ deposits versus whats available for $ deposits in the US, one must consider the significantly increased risk involved with $ deposits in cambodia.

Isn’t there a 4% tax on interest when withdrawn ?

beaker wrote:Isn’t there a 4% tax on interest when withdrawn ?

4% on non-fixed term
6% on fixed term

14% (I think) on fixed term if you are a non-resident (ie no E visa)

lurcio wrote:

beaker wrote:Isn’t there a 4% tax on interest when withdrawn ?

14% (I think) on fixed term if you are a non-resident (ie no E visa)

^^^ This is my info as well.

Rough #s.

$10K on deposit 5 yrs @ 10% yields $6.5K-14% tax man = $5.6K for average yrly. return of $560. or about $1.50 per day. Does that appeal to you?