Philouis Posted April 14, 2008 Share Posted April 14, 2008 If you were between selling and buying another house, if the money involved in the sale was placed in a French bank, what would be the maximum amount of interest that one could expect to receive? Or would it might be more sensible to put in in our building society in th UK. Information please! Link to comment Share on other sites More sharing options...
AnOther Posted April 14, 2008 Share Posted April 14, 2008 Personally I think I'd sit on the Euros.Whatever the interest rate in UK in these volatile times it would seem an unneccessarily high risk strategy to repatriate them only to buy them back at some time in the near future [blink] Link to comment Share on other sites More sharing options...
Ian Posted April 15, 2008 Share Posted April 15, 2008 I'm with Ernie - if you spend euros (that is live and plan to continue living in the eurozone) then throwing in an extra variable seems daft. If you don't need the money right now and are risk averse, OK, pop it into sterling and cross your fingers (why stop there? Base rates in Iceland are around 15%,likewise Turkey, New Zealand 8%, Australia not far behind that ... though opening bank accounts in "foreign" countries can be challenging)) - but the fact that you are looking to put the money in the bank suggest you are not a risk-loving investor.Of course if you live in both UK and France the choice is up to you - where do you need the money? 60:40? 75:25?Having pots of cash you don't know what to do with is a rather nice problem though isn't it?! Link to comment Share on other sites More sharing options...
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