<prompt> Human: For those saying that its a sketchy thing, this bank is a national bank not a private one. You cannot lose the money. Im just wondering if there are other options that get me 20 return annually for example mutual funds etc?  <response>: Whiteraven and Trumpster nailed it. The local currency is likely garbage. Their inflation rate will likely destroy any gains. To top it off its a massive risk for what will likely be little upside. Things like CDIC are only trustworthy in G8 countries. Good explanation with deposits.org source. 