Hard currency deposits abroad at high interest rates

jonnyphant

Couldn't find much on this and I thought it would be a popular move in the current climate.
Has anyone deposited abroad or have any deposit advice on it?

I've been looking into it over the past couple of months and the following options look solid:

Mongolia: Erelbank. There is deposit insurance up to the first 8k EUR or thereabouts. 7.2% on 1 year USD term deposit and is easy enough to open an account without having to visit there.

Georgia: Bank of Georgia. No deposit insurance, 4.5% for a 1 year EUR term deposit. Possible to open account online, but minimum initial deposit is $100k.

Azerbaijan: International bank of Azerbaijan, just over 28k EUR deposit insurance per person per institution. 9.8% on 1 year USD term deposit, 5.8% if it is held in EUR. So far have not found a bank that does not require me to visit the country to open an account.

Be interesting to see what peoples views are on this as, currency risks aside, all products seem to outperform any domestic products.

AlmightyCushion

I know feck all about those countries but I wouldn't trust my money there unless I had done a lot of research on them and the risk involved.