As I am researching I have come across a few websites claiming the interest rates banks pay out is substantially higher in DR banks than N. American banks. Since N. American banks are paying almost nothing.. then even paying out something is a lot more.
I'm assuming most retired Expats wire money to local banks for day to day expenses... but does anyone have a savings account in a DR bank, or have short term CD's? What interest rate percentage do they pay?
Most DR banks websites I have visited say "Call Us For Rates" when it comes to Savings accounts so that doesn't help much.