Foreign Currency Conversion
I finally got my account open at Interactive Brokers. It was a lot easier than at Everbank and I didn’t have to provide them with blood samples or fingerprints!! [yeah thanks George W, this is what I get for being pro-Republican!]
My base currency is Aussie Dollars and I get paid a whopping 5.4% interest. And unlike Everbank, the money is liquid and isn’t tied up for 3 months.[plus I get a tad higher interest].
On top of that, the USD has been showing a little strength this week so I might get more bang for my buck in terms of appreciation too.
The only drawbacks are that you have to have atleast $15,000 AUD to get paid interest[thats about $11,250 USD] and the customer service isn’t as easy as picking up the phone, but they respond well to email. Also withdrawals cost $4 via check and $1 via ACH. [But its still liquid for a buck.]
If you found this post helpful, consider donating to my coffee fund!![[del.icio.us]](http://images.del.icio.us/static/img/delicious.small.gif){kind=small}
- How To Get A $100,000 MBA Education for $1,267 As regular readers know, I'm quite keen on getting my MBA. I gave my GMAT late last year and when I scored 740, I thought getting into a top MBA program seemed feasible. The only problem is that a top MBA program costs about $100,000 plus living expenses. Also there's......
- Time To Go Long The Dollar? Regular readers know I've been pretty pessimistic on the outlook of the US economy and bearish on the US dollar as well. However, since it seems like everyone is echoing the same sentiment, could it be that we're due for a short (or medium) term spike in the US Dollar?......
-
The Most Expensive Home Ever Sold Another Russian Billionaire just paid $750 million for a house, or palace actually, in the French Mediterranean Cote d'Azur. The purchase price more than doubles the previous record. Seems just a little too ostentatious for my tastes, but then again, I don't have nearly a billion dollars to spend on......
Related Websites
- Are You Prepared to Pay $3,598 More in Income Tax for 2012? Many people are not aware of the extent to which the U.S. income tax laws will change next year if Congress does not move to make them permanent. This goes well beyond the much hyped payroll tax break. In fact, the $3,598 doesn't even factor in the increase if that......
- Improving Cash Flow vs. Accumulating Wealth When it comes to personal finance, most people are very familiar with the concept of cash flow. They know that their monthly pay represents cash flow in and checks written and automatic draft payments each month are cash flow out. As long as cash flow remains positive (the more positive......
- Personal Finance Equations You Should Know: the Amortization Equation Amortization is probably one of the most ubiquitous financial concepts that encompasses our daily lives, but yet, few of us know what it means, how it works, much less, how the monthly payments on all our stuff is calculated. By definition, amortization is: The reduction of a debt over time......
[All content is copyright of Living Off Dividends & Passive Income]
Leave a Reply