#1
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Brit wants $ based savings account
I currently keep all my bankroll online in Neteller/Poker Rooms and have enough now where I feel I should start keeping some offline to earn interest.
I still want this to be part off my roll and would like to keep it in dollars to avoid paying conversions charges when I move money between the savings and my online roll. It is also good to keep it outside of the UK incase they ever decide to start taxing poker winnings here [img]/images/graemlins/smile.gif[/img] My initial deposit will be in the region of $5k. I am probably planning to add money to this savings ($1k or so)every month or so and perhaps take from it to put back online once to twice per year if necessary. I will always keep at least 20 buy ins online but obviously may need to access this if I have a terrible downswing. I am open to considering shares or over types of savings as well as a flat out savings account. Any suggestions/advice? |
#2
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Re: Brit wants $ based savings account
E-trade has a savings account that pays 5.05% and they just recently opened up global trading which includes the ability to buy and sell foreign currency.
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#3
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Re: Brit wants $ based savings account
Do you know if Neteller will transfer to USD denominated banks?
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#4
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Re: Brit wants $ based savings account
I was planning to cash out directly from a poker site rather than Neteller.
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#5
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Re: Brit wants $ based savings account
If the USD keeps depreciating against the pound, won't it be more beneficial to keep your money in the UK? I.e. currency losses could easily be >>> conversion fees.
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#6
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Re: Brit wants $ based savings account
Definitely put it in £ account. Over the past few months I've been keeping as little of my bankroll online in $.
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#7
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Re: Brit wants $ based savings account
[ QUOTE ]
E-trade has a savings account that pays 5.05% and they just recently opened up global trading which includes the ability to buy and sell foreign currency. [/ QUOTE ] With E-trade personally and love them! |
#8
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Re: Brit wants $ based savings account
ING has great customer service, not to mention 5.35% 12 month CD if you choose to take the route. Their savings is only 4.5 but can be linked to checking with debit card which is also 4%.
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