Thursday, May 8, 2008

Euro vs. the Dollar

We are getting hosed. Check out the rates from Halifax on savings accounts. These guys were all over the airwaves. I only get just a hair over 3% on my savings at HSBC Direct. Some of these accounts pay over 7%. I might consider opening an account over there. Keep in mind that you will lose about 3% of your value as a commission to convert from dollars to euros.

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