I’m tired of earning the pathetic interest rates from a bank account. Whether it’s a savings account, current account or a hybrid, I’ve never earned anything sizeable from the bank.
I’ve seen a lot of advertisements by banks on foreign currency deposit accounts offering much higher interest rates than any local currency fixed deposit could ever offer. But the problem was that there was always a minimum amount set and I can’t afford it.
But recently I found a bank that didn’t impose a minimum and I’m jumping onto the bandwagon to put some money in there. I’ve done up an Excel spreadsheet to calculate the interests for different tenures. It’s not much different if the amount I invest is not big enough.
There were moments when upon seeing the interest earned, I wondered if I should even do it. But then comes another thought – if I leave the money in my current account, it’s gonna sit there and do nothing and earn me peanuts. So why not a bigger peanut?
I’m hopping to the bank very soon…when bonus is in hopefully by January 2008. Ahh, my first investment in the new year is a brand new thing for me 
