A trip to the Credit Union.....

Day 247 Tuesday (Martes) - Panama City

Time to make a deposit in our Credit Union here in Panama. If you have missed previous blogs, the Credit Unions here in Panama pay great rates on your savings. You do have savings, right?

So, a simple Money Market account with a $10,000 initial deposit yields you 5.5%
A CD of 6 months and a deposit of at least $25,000 gets you 6.25%
A CD of 1 year and a deposit of at least $100,000 get you 7%
You can go all the way up to a 5 year CD with at least $100,000 and get yourself an 8.5% rate for the entire term.  Who needs the stock market volatility when you can earn a great fixed rate on your money here in Panama. Panama has some of the safest banking rules in the world, so you need to ask yourself a question, Why do I NOT have any money invested in these Credit Unions?

Your stock broker will not tell you about this as he/she doesn't even know about it, they are all cut from the same brainwashing scenarios of putting your hard earned cash into what they say is good, I know, I was one of them for a few years. I was trained and earned my Series 7 Brokers License and told my good clients the same thing. Was never allowed to think out of the box, so I didn't. Boy did I waste a lot of time and money sitting on the table not knowing about how the rest of the world (in certain places like Panama) were treating their clients with rates like above.

Come to Panama and Turn Your Frown Upside Down

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