Yes - You Can Earn Nice Rates of Interest on Your Savings
- John Williams
- Jan 15, 2022
- 4 min read
Over four years ago I arrived from the U.S. on my experimental adventure of retirement living in Ecuador as an expat. I had visited once before and done my hom
ework but, of course, had not completely figured everything out. Some things you just need to discover for yourself once you’re “on the ground.” One important item still to be “figured out” was the whole money, finances, banking, and investing item. How will it work? Will I want to move some portion of my retirement “nest egg,” such as it is, to Ecuador? Here is what I have learned.
Ecuador uses the US Dollar as its official currency, so for expats from the U.S. there is no exchange rate to complicate the issue.
