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Updated about 4 years ago on . Most recent reply

Sattir Bitti's profile image
Sattir Bitti's profile image
Sattir Bitti
  • Member since Jun 25, 2020
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Sattir Bitti's profile image
Sattir Bitti's profile image
Sattir Bitti
  • Member since Jun 25, 2020
Connect
Sattir Bitti
24
Votes |
56
Posts
General Landlording & Rental Properties

Foreign bank account funds for reserves (6-7% interest rate)

Sattir Bitti
Posted

Hi BP family,

I have a foreign bank that gives around 6-7% interest on CDs, as compared to near 0 interest rates in US banks. Do lenders consider this amount as part of my reserves when new loans are originated? They're click-away and generally available in a day. I hate to see my money not working hard as I do!!

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