Questions for the leavers

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pczz
Expatriate
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Joined: Sun Mar 22, 2015 1:00 pm
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Location: phnom penh
Great Britain

Re: Questions for the leavers

Post by pczz »

cptrelentless wrote: Mon Jul 23, 2018 3:44 pm
joelightcloud wrote: Mon Jul 23, 2018 2:26 pm
pczz wrote: Mon Jul 23, 2018 10:53 am Well simple choice for me. I live on the 8% interest I get from the bank and don't work.
8% per annum, which bank, fixed deposit and in Riel or USD? - I need to do the same sort of thing.

Cheers.
Wasn't AMK one of the ones with an actual licence and a decent rate of return? Microfinance so it's a bit risky, hence the return. If you keep it as Riel you get a decent return on 12-24 fixed term months at most banks, have a look round.
AMK give slightly different rates for riwl and dollar. prasac now give the same rate for both. I am not sure if they are that risky given the way they give out loans to groups and take security. Banks are lending millions to people to build condos they cannot sell which is a bit riskier I suspect
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