Day 123 Tuesday (Martes) Playa Coronado
Let's talk money today. In Panama there are many private banks which safeguard your money here (unlike US and Europe). Many of these banks earn you about 2.5-3% interest on your account balance, BUT Panama, like many places around the globe, also have credit unions. Credit Unions are member only setups and do not engage in the same silliness as the US and European Banks do. To be part of a credit union you need to be introduced by a member or affiliate, which is not hard to do.
Many Credit Unions in Panama are right now paying 5-5.5% on your money in Money Markets, if you want time deposits, such as CD's then you can go upward to 8.5% for a 5 year CD. So who has this banking thing right? The US? I don't think so, Europe? Nope. Panama does!!!
So what are you waiting for, do you like earning zero on your hard earned money or better yet, playing the game of roulette in the stock market? Come to Panama and Turn Your Frown upside down.
For more information drop me a line.
Is Panama The New America
Panama fun facts.
1 - Panama has NO hurricanes
2 - Panama has a thriving Metropolitan city in Panama City
3 - Panama has secure banking institutions
4 - Panama has a climate for everyone, city, beaches, mountains
5 - Panama uses the US Dollar as its currency
6 - Panama is a short flight from many major cities in the USA
7 - Panama has many English speaking folks, Spanish is the main language
8 - Panama welcomes foreigners to live and work.
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