-Where do you buy a House under 50,000 Dollars nowaday ?
-Put in the Saving Bank for 10% interest ? Vao. No country around the world could give you 10% per year of interest like LAOS. especially the world economic kinda in the slum right now.
right, I have a five year of time deposit and I can easily live from it with 13.25 % of interest per year ... not bad at all but it is of course solely
for LAK currency as shown above ! many friends of mine asked me to invest with them in road construction, or in leasing of construction materials,
others advised me to buy some shares with Lao Exchange Securities but I refused because all investments are risky... so I preferred to invest in
banking which is more reliable and I assure you that their services are excellent ! at the end of the year they automatically transfer your interest into
your saving account without any call or making any step from you and you can withdraw you money from any ATM in town afterward.... Money talk ...HEHE !
Oh i see it now, as i look at the Graphic here, This is a Short and long term CD= Certify Deposite.
As for Regular Saving, you got only 3% back as i was comment earlier on top.
Those Short and long term CD, mostly for the people who as Cash on hand like the Gentleman who post this Article. He has 100,000 Aussies dollars that's a lots of money in our lao Kip, and can spread around here and there and sit on interest probably good enuff for a single guy U kno...