Kenr wrote: ↑Wed Apr 13, 2022 6:12 am How do you pay the taxes to the Cambodian government for the interest you’ve earned?

Doc67 wrote: ↑Wed Apr 13, 2022 2:32 pm Anchor Protocol on the Terra crypto network pays 19.5%, and accumulates every few minutes. No tax either.
https://app.anchorprotocol.com/earn

Terra is ranked #2 DeFi after Ethereum. Luna, the Terra network Coin is ranked #9 with a market cap of $30 Billion. It is also loaded up with Bitcoin to the tune of $1.7Billion to support the UST stablecoin, with a target of $10Billion. It is basically buying Bitcoin as a 'gold standard' backing assuming you believe in the long term good future for Bitcoin.
https://coinmarketcap.com/
https://www.altrady.com/blog/terra-buys ... n-bitcoin/

You can insure your deposit too. You can't do that with Prasac.

***caution***
Do Your Own Research and only deposit what you can afford to lose. That includes Prasac as well!

whiteribbon wrote: ↑Wed Apr 13, 2022 7:48 pm Updated list below:

—>1 year deposit account:
Interest rates

Banks:

- Woori bank 7.25%
- Sathapana bank 5.75%
- SBI Ly Hour bank 5.75%
- Kookmin bank 5.50%
- CAB bank 5.50%
- Shinhan bank 5.25%
- Canadia bank 5%
- Prince bank 5%
- Acleda bank 4.55%
- ABA bank 3.75%
- Bred bank 3.50% to 4% (negotiable)
- Vattanac bank 3.50%

Micro Finance institutions:

- Hatha 7.25%
- Prasac 7%

whiteribbon wrote: ↑Tue Apr 12, 2022 11:31 pm

Kammekor wrote: ↑Tue Apr 12, 2022 11:07 pm Acleda offers 4.55%.

Please note all these rates are before tax. Tax is 14% of the paid interest for foreigners.

And 6% if you live here (*even if you’re a foreigner).

Kenr wrote: ↑Fri Apr 15, 2022 12:18 am From what I just read interest paid on a savings account is taxed at 4% for a resident.