Asian bank interest rates

[Ern]

I knew they varied a bit but not this much! I suppose it depends on your appetite for risk.
Interesting comparison anyway. Nothing to do with me by the way, I'm just an average punter.

http://asia.deposits.org/

Right, now I'm off to Mongolia and Bangladesh.

[hktraveller]

I knew they varied a bit but not this much! I suppose it depends on your appetite for risk.
Interesting comparison anyway. Nothing to do with me by the way, I'm just an average punter.

http://asia.deposits.org/

Right, now I'm off to Mongolia and Bangladesh.

Mongolia is definitely worth a closer look, as the currency devaluation was only 33% in the last 10 years against the USD.
But if you look at it from October 2008 to today there is also a devaluation of 26% in just 5 years. Still at this interest rate it returns almost 8% in USD value.

Bangladesh looks even better. I see a return on USD value of 9% in the last 5 years.

Now the questions are: How convertible are the currencies? Can foreigners open bank accounts? How much will you get should a bank go bankrupt?