Financial

I believe that the fee for withdrawing investment funds and sending the money back to the US (or another country) is now 4%. One representative of a credit union made the following comment; “yes, that is the current rate but every 6 months the rate will be reduced by 0.5%, so in 3 and a half years the rate will be 0, that is by government law and for 2 years the rates have been reducing, so it is a good business to invest here.”

Can anyone verify that this is now actually a law? This is very important to those of us who want to invest in these CDs but also intend to return to the US at some time in the future. Thanks.

Robert Smith
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