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Updated over 6 years ago on . Most recent reply

Mexico cd rate of 8.25% anyone biting?
I see the current cd rates are around 8.25% in Mexico. That coupled with the low cost of living would make it really attractive in my mind for a place to retire early. I think a good trial run would be to move $200,000 or so into an account and try it out at first or course. Have any or you thought about doing this? I realize there would be fees and such to get the currency back into dollars if need be though.
Most Popular Reply

Steve Vaughan
#1 Personal Finance Contributor
- Rental Property Investor
- East Wenatchee, WA
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The exchange rate risk could be huge. Bank risk, too. Do they have FDIC-like deposit insurance there?
Hate to see ya change your pesos to USD a year from now and find out you're down 14%. Maybe start with less than $200k.
Interesting idea, though!