The key distinction between dollar deposits held at foreign banks vs domestic banks is that foreign deposits don't benefit from deposit insurance. (hussmanfunds.com)
Think about the amount of interest earned on tens — or even hundreds — of thousands of dollars deposited in a high yield escrow account for four to six months or longer. (goodereader.com)
Interest rates are even more competitive with some banks paying 4 % to 5 % interest on your first dollar deposited. (hsabenefitsconsulting.com)