Hi¨
Here are many Australians and I’d hope particularly your advices…
We are a Swiss couple who’s savings are currently logically in Switzerland in Swiss Frank (CHF) and partially in Euro. Good thing with CHF is that it’s so secure but bad thing that you get absolutely no interest for your savings. For Euro they pay better interests but that is not a secure currency at the moment.
We are planning to move to the Philippines in few years and today we spoke about this issue. We were told by a friend who is living on the Philippines that its’ not wise to transfer savings to Philippines even Peso is relatively secure and they pay good interests but apparently they do not take it so seriously with the banking secrecy and for example you would need to pay much more if the police knows (and they will know) that you have money.
So, were thought that how about Australia? AUD is secure and it would be convenient to let them pay the interest to a Philippine bank. How much interest do the Aussie banks pay for savings? How about insurances? Is it common to put the savings to a bank or to take insurance?
Any opinions and recommendations are welcome! Thanks :)
Here are many Australians and I’d hope particularly your advices…
We are a Swiss couple who’s savings are currently logically in Switzerland in Swiss Frank (CHF) and partially in Euro. Good thing with CHF is that it’s so secure but bad thing that you get absolutely no interest for your savings. For Euro they pay better interests but that is not a secure currency at the moment.
We are planning to move to the Philippines in few years and today we spoke about this issue. We were told by a friend who is living on the Philippines that its’ not wise to transfer savings to Philippines even Peso is relatively secure and they pay good interests but apparently they do not take it so seriously with the banking secrecy and for example you would need to pay much more if the police knows (and they will know) that you have money.
So, were thought that how about Australia? AUD is secure and it would be convenient to let them pay the interest to a Philippine bank. How much interest do the Aussie banks pay for savings? How about insurances? Is it common to put the savings to a bank or to take insurance?
Any opinions and recommendations are welcome! Thanks :)
