[Gigi3000]

Originally Posted by Ecuadog

It's not the size of the country that matters, but the stability of the issuing entity, e.g bank or credit union, that matters.

I am not talking about countries that peg/fix their local currency to the US dollar. I am talking about countries that have adopted the US dollar as their official currency.

The OP inquired about investing in CDs in foreign countries. I don't invest overseas because I like to keep life simple. However, I have looked into it, specifically in Ecuador, where the official currency is the US dollar.

In January of this year, Banco Diners Club of Ecuador was issuing 1-year CDs that returned 7.20%, in US dollars. It's probably higher now. I imagine that the hoops that one has to jump through in order to qualify are complicated. I wonder about Puerto Rico or the Virgin Islands.

Cant find a yield for Diners Club without giving my personal information. Does Ecuador do any backing of bank CDs or Investment Certificates? I didnt see anything on their website about this.

[Gigi3000]

Originally Posted by Ecuadog

It's not the size of the country that matters, but the stability of the issuing entity, e.g bank or credit union, that matters.

I am not talking about countries that peg/fix their local currency to the US dollar. I am talking about countries that have adopted the US dollar as their official currency.

The OP inquired about investing in CDs in foreign countries. I don't invest overseas because I like to keep life simple. However, I have looked into it, specifically in Ecuador, where the official currency is the US dollar.

In January of this year, Banco Diners Club of Ecuador was issuing 1-year CDs that returned 7.20%, in US dollars. It's probably higher now. I imagine that the hoops that one has to jump through in order to qualify are complicated. I wonder about Puerto Rico or the Virgin Islands.

Cant find a yield for Diners Club without giving my personal information. I assume it could be 8 percent. Does Ecuador do any backing of bank CDs or Investment Certificates? I didnt see anything on their website about this. Someone else said its the bank's rating to look for and they do have an AAA rating but the country credit rating is B-. I guess i dont know how to access the risk.

[JMintzer]

Originally Posted by OrangeBlossomBaby

My family has owned Israel bonds since the 1950's when they first became available. I had five in my name as a gift from my grandmother when I was born. I cashed them in somewhere around 2010.

I bought a small forest in Israel...

[Ecuadog]

Originally Posted by Gigi3000

Cant find a yield for Diners Club without giving my personal information. I assume it could be 8 percent. Does Ecuador do any backing of bank CDs or Investment Certificates? I didnt see anything on their website about this. Someone else said its the bank's rating to look for and they do have an AAA rating but the country credit rating is B-. I guess i dont know how to access the risk.

Ecuador's Deposit Insurance Corporation (CFN) insures only up to $32,000 per person, per institution.

Right now, the country is in turmoil. The president has dissolved the congress and forced a new general election.

[manaboutown]

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