Turkey has a high rate of interest as well. Only risk you have is terrorists blowing up the bank your money is kept in then giving it to Osama.
Not sure where you heard that from. 1 year SIBOR http://asianbondsonline.adb.org/scr... Singapore Interbank Offered Rate&Graph_Desc= or http://tinyurl.com/b44ed But Singapore is a safe, stable, rationally managed place for deposits. Real estate there is not too bad either, been a 7 year bear market, so unlike most metro places it isn't grossly overpriced.
Okay- Current Interest Rates as of 9/28/05 for 3 month money market: (from The Economist- 10/01/2005) Australia - 5.65 Britain - 4.56 U.S.A - 3.85 Switzerland - .77 Japan - .02 Way to go Japan! Yep, that's where I'll be puttin' my pennies . . .
AUD looks like a good bet. Anything outside the country would be a good bet with the dollar deflating.