GlobalBankPilot-Global Deposit Rates
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GlobalBankPilot is a guide for international deposit investment. It provides complete risk and return information on major currency international bank deposits.

Our Philosophy

GlobalBankPilot presents high-yield deposit investment opportunities exclusively in the most used currencies eliminating currency risk and the drawback of interest-rate parity. We take a country perspective and aim to supply all the relevant return and risk information by country. We underscore political risk by syndicating meaningful upfront analyses from publicly available sources. We focus on high-yielding countries and domicile countries for the most used currencies in the world. We keep accurate upto date data and include detailed deposit rates per bank for every currency, type and maturity. We strive to provide all the transparency and intelligence needed to commit to deposit investment abroad.








high-yield and major countries

Top 5

Banks in Each Country

Top 10

Most Used Currencies


Country and Bank Analyses


Details and Statistics


Data and Risk Descriptions

Advantages over Bonds

Genuine fixed income. Market-traded bonds and bond funds have a price component and move with interest rates and/or fund management decisions. Bank deposits do not bear price risk and thus deliver genuine fixed income.

Low maturity, High yield. Although individual bonds held until maturity do offer genuine fixed income, the maturity needed to earn a relatively high yield is typically longer than 5 years. Bank deposits offer higher yields than bonds at much lower maturity such as 1 year and at a similar level of credit risk. The lower maturity also brings for more frequent compounding and higher effective return assuming no costs of deposit reopening.

Accumulative feature. Besides their low maturity many bank deposits offer the option to make additions to the deposit at any time, or for example via a monthly savings plan. The interest earned on these additions could substantially boost the effective yield.

Monthly interest feature. Many bank deposits provide the option to receive monthly interest in a manner similar to rental income from real estate. Exercising this option typically results in a small reduction of the deposit rate.

Government Support and High Yield Tendency. Commercial banking is a traditional sector with historically strong support from local governments. Commercial banks following the traditional model are in the business of exchanging yields which may give them a natural propensity to offer higher yield at similar credit risk relative to a bond issuer.

Liquidity and low investment minimum. Bank deposits are typically easier to purchase and sell than individual bonds. Unlike bonds which can be more capital-intensive, bank deposits require a lower minimum investment. Withdrawing funds from a bank deposit may be less costly than selling a bond, as it involves no loss of principal such as due to market risk, and in the case of savings deposits no loss of interest either.

Lower taxes. Bank deposits in many developing countries are taxed at low or 0% tax rate. This leads to higher effective yield for non-US investors i.e. for investors from countries, which do not practice world taxation system.


Why bank deposits?

Bank deposits offer a high-yield low-maturity low-maintenance alternative to other fixed income investments such as held-to-maturity bonds and real estate rentals.

Why include only major currency deposits given the higher returns in local currencies?

Our goal is to present a genuine fixed income investment opportunity. Excessive local currency gains are theoretically expected to be wiped out by depreciation of the local currency. As per interest rate parity, currency rates adjust to differences in interest rates among countries in the amount of the difference. Even in the absence of interest rate parity, currency movements render the local currency investment not a fixed income one, as they may affect the investment return.

Why aren’t major currency foreign deposits a common investment class?

There is a discrepancy between the perception of opportunities at home and abroad. Within many developing countries, for example in Eastern Europe, local banks are perceived a safe investment and have been operating without bankruptcies for decades. On the other hand, logistical reasons and divergent regulations may have deterred Wall Street from participation.

Why focus exclusively on fixed income investment?

Fixed income is superior to financial stocks in offering reliable income at a definite time horizon. It prevents time loss, makes for a business and is more prone to multiplication. On the contrary, fractional company ownership as provided by stocks, besides not granting proportional access to a company’s income stream, after being securitized and placed on a market starts to move on demand and turns into a gamble. Risk-return trade-off in spite of being taken at face value in financial theory, frequently doesn’t hold for bank deposit investments, and it frequently doesn’t hold for other investments offering fixed income such as real estate. Relative certainty i.e. low risk in many fixed income situations involves the potential for multiplication of what is certain, and thus paradoxically can lead to higher returns than relative uncertainty i.e. high risk.

What about traditional fixed income investment?

The traditional fixed income investment of buying bonds is less traditional or fixed income than it sounds. Bonds not held until maturity involve a price component which renders the investment not a fixed income one.

Is risk the exclusive reason for higher deposit rates in developing countries?

No. Current low deposit rates in the United States, European Union and Japan are primarily the result of central bank policy aimed at maintaining a low-interest environment, and not necessarily the result of lower risk. In response, the business model of banks in these countries has moved towards competing on a range of services instead of competing on deposit returns. In many developing countries, where such policy has not been implemented, the more advantageous traditional banking model is still in place.

What are some examples of developed countries that pay high deposit rates, and developing countries that don't?

Developed countries, such as Australia and New Zealand, where low-interest central bank policy is not present boast comparatively high deposit returns in spite of their perceived lower risk. On the other hand, developing countries, such as Bulgaria and Romania, are now seeing their deposit rates dwindle in spite of their perceived higher risk, as a result of the low-interest policy of European Central Bank.