> While Americans are typically earning less than 1 percent interest on their savings accounts
> If somebody offers you a guaranteed 7 percent on your money for the rest of your life, you take it and just make sure the guy’s name is not Madoff.”
It's funny seeing this. I get 5.15% p.a. on my 24 hour notice money market deposit account at my local bank (http://www.nedbank.co.za/website/content/interrestrates/loca...). High interest rates are one thing I enjoy about living in South Africa.