<prompt> Human: Im concerned about uncertainty in the US stock market and would like to simply save money in a few secure CDs or something like that. Of course interest rates in the US are ridiculously low. Is there a downside to establishing a savings account or CDs in a country with higher interest rates? If thats a good idea, can anyone suggest how to get started?Update: thanks for the comments everyone! Based on the advice Ive seen here, Im going to look into purchasing bonds as a long term, stable investment.  <response>: You would be getting higher interest rates on a different currency. Do you want to be a currency speculator?You can easily lose 5 of your money in a week on currency moves. That would wipe out all your annual interest rate differential, even if you ignore currency conversion costs, which you shouldnt. 