Expat Community > Philippines

Sukeltelija
Joined 2012
Posts: 12

Where to move investments when moving to live in the Philippines?

12 years ago

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 :)

Cigna Global Health

Get a quote in 2 minutes from our partner, Cigna Global Health.
Get Quote

Cigna Global Health

Get a quote in 2 minutes from our partner, Cigna Global Health.
Get Quote

Living in Philippines Guide

The Philippines attracts the interest of expats from all over the world - truly has a lot to offer for a variety of different people. However, it's also important to understand the pitfalls that can be avoided with appropriate homework and preparation.

Philippines Forum
Join our Philippines forum to meet other expats and talk about living in Philippines.

Contribute
Help other expats and newcomers by answering questions about the challenges and adventures of living in Philippines.

Best Places to Live in Philippines

If you're thinking about living in Philippines, here are the 15 Best Places to Live in Philippines in 2023.

Healthcare in Philippines

Expats in the Philippines have a lot to say about the quality of medical care, hospitals, prescription medicine availability and health insurance in the Philippines.

Cost of Living in Philippines

Expats offer insight into the cost of living in Philippines.

Moving to Philippines Guide

Expats moving to the Philippines join others that have moved there for work or a lower cost of living during retirement. It's critical to understand what the realities of living there are, but those that successfully make the adjustment believe it is a good place to live.