What are the pros and cons of holding a yuan savings account in terms of maintaining the relative value of your money if you don't live in China. Been offered the attached rates
Any thoughts?
Any thoughts?
Yuan Savings Account
- Thread starter doublechin
- Start date
It's lower than the rates in China.
http://data.bank.hexun.com/ll/ckll.aspx
Above is in Chinese language, the rates of China banks, but you can get the idea. The first rate column such as 0.30, 0.35, is the float rate. The next column is 3 months, then 6 months, then 1 year.
Maybe I can save your money in China banks and I earn the rate difference? Joking though.
http://data.bank.hexun.com/ll/ckll.aspx
Above is in Chinese language, the rates of China banks, but you can get the idea. The first rate column such as 0.30, 0.35, is the float rate. The next column is 3 months, then 6 months, then 1 year.
Maybe I can save your money in China banks and I earn the rate difference? Joking though.