BenjiBoy Posted January 13 Report Share Posted January 13 I am considering opening a 29 day "CD" with the walmart in store bank....has anyone got an opinion or experience with them? Thanks. Fred Habacht Quote Link to comment Share on other sites More sharing options...
OldWEB Posted February 12 Report Share Posted February 12 WOW, I never heard of this "bank"... is that the small area by the coffee hutch at the exit? Now I bumped it up, maybe someone has had an experience there? Quote Link to comment Share on other sites More sharing options...
Mostlylost Posted February 12 Report Share Posted February 12 About 8 years ago Walmart sold Banco Walmart to Banco Imbursa which is owned by Grupo Financiero Inbursa. Carlso Slim holds most of the stock in Imbursa https://www.inbursa.com/Portal/?id_category=1 1 Quote Link to comment Share on other sites More sharing options...
utilitus Posted February 13 Report Share Posted February 13 For US citizens and maybe others, a little known (but for me over 20 years a very dependable) solution to forex dynamics and interest rate differentials is the US entity EverBank. It offers foreign currency cash accounts that are FDIC (i.e., US government) insured up to USD250k, and if you treat your holdings of such three-month CDs as long term, forex fees are minimal. Over the last few years the USDMXN has depreciated about 20% while such CD accounts have paid around 10%/yr. This trend is likely to continue, if at a more modest rate, inho. See: https://www.everbank.com/diversified-investing/foreign-currencies It's a different beast entirely, but a Forex account allows one to buy and sell currency pairs with generally tiny expenses, 24 hrs/day, except for weekends. Quote Link to comment Share on other sites More sharing options...
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