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China TEFL Salaries > Blog > The Blog > Bank rates in China make CDs an attractive investment.

Bank rates in China make CDs an attractive investment.

If you’ve got some money sitting in the bank that you won’t need in the next 3 to 36 months, you might consider buying a CD or depositing in a fixed-rate account. A three year CD is currently paying 5%, while shorter-term investments are all paying above 3%. Today ICBC was offering a 3 month CD at 3.1% interest.

In comparison to what US and European banks are paying, this seems too good to pass up.

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