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3 years ago http://www.rbnz.govt.nz/keygraphs/fig1.html

OK. In the Euro area you could not get such high rates on a savings account.

Actually, you could get very good rates, if your savings were in troubled Eastern EU country banks (denominated in Euros, and insured by the FIDC version of said country). Obviously, not as safe as Treasuries, but also much less riskier than say a random 3rd world bank.

Wonder, how are Euro saving account rates in Greece these days..

Yes. Though I wouldn't include New Zealand in the list of random 3rd world countries.

The term "Third World" was primarily used by the US government during the Cold War to refer to countries which were not aligned with the Soviet Union, nor with the US. It has nothing to do with the state of development a country is in although I am aware of its frequent erroneous use in the sense of "developing country". The "Third World" included countries such as Qatar, which, according to the International Monetary Fund, featured a GDP of $83,841 per capita in 2009 - ranking #1 world wide.

You could if you put your money in Icelandic banks ;)

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