Is this a good time to buy ABA fixed deposits?

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bolueeleh
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Re: Is this a good time to buy ABA fixed deposits?

Post by bolueeleh » Sat Aug 20, 2016 6:26 pm

Luigi wrote:
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beaker wrote:Isn’t there a 4% tax on interest when withdrawn ?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? :facepalm:
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Re: Is this a good time to buy ABA fixed deposits?

Post by Anchor Moy » Sat Aug 20, 2016 6:52 pm

Luigi wrote:
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.
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Re: Is this a good time to buy ABA fixed deposits?

Post by Username Taken » Sat Aug 20, 2016 7:54 pm

Luigi wrote:
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beaker wrote:Isn’t there a 4% tax on interest when withdrawn ?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? :facepalm:
Let me know if I'm missing something here, but,

"on deposit 5 yrs"
yet you divide the $5.6K by 10 (years)
Surely, the average yrly return would be $1120, not $560 ?

Please note, I am not an accountant.
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Re: Is this a good time to buy ABA fixed deposits?

Post by SinnSisamouth » Sat Aug 20, 2016 8:45 pm

i don't know wether to be annoyed by the bad maths or misinformation
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Re: Is this a good time to buy ABA fixed deposits?

Post by Luigi » Sun Aug 21, 2016 12:00 pm

My error. You are correct. I am not an accountant. Obviously.
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Re: Is this a good time to buy ABA fixed deposits?

Post by Username Taken » Sun Aug 21, 2016 12:15 pm

11.2% pa

can't be too bad.
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Re: Is this a good time to buy ABA fixed deposits?

Post by SinnSisamouth » Sun Aug 21, 2016 12:20 pm

mongolia gives 15℅
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