USD Dollar Yield in Aussie banks?

aka nioh on 07/07/2023 - 16:58

I have a friend with USD. He doesn't want to convert it back to AUD yet.

Is there a bank that offers a yield on USD for example like a HISA but for USD in Australia? He only wants a safe option for the USD and to be able to withdraw and sell at a moment's notice. No crypto suggestions pls as I already suggested that to him😂

TIA

Financial

Comments

  • AustriaBargain on 07/07/2023 - 17:18

    Buy Apple shares. They are worth 3 trillion now, I predict 4 trillion two years from now. Safe to withdraw at any moment, except if there's a dip then you will want to wait a year or two.

    • askbargain on 07/07/2023 - 18:21
      +1

      surprised such detailed analysis isn't priced in yet

  • askbargain on 07/07/2023 - 18:24
    -2

    I already suggested that to him

    maybe don't pretend to be a financial expert?

  • Brodo Faggins on 17/07/2023 - 11:26
    +1

    Some banks do (I know CBA does) international bank accounts to deposit USD. Not sure about opening/maintenance fees. Better if existing CBA profile already. Also issue with speed of directly withdrawing in USD notes.

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