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Cyprus Bank Deposits Returned Almost Twice Germany’s Since 2008

Cyprus bank deposits returned more than 24 percent over the past five years, almost double the returns on comparable German accounts.

An investor who put $1,000 in a savings account in Cyprus in January of 2008 and kept the funds there would have earned at least $242 over five years, according to data from the Central Bank of Cyprus. A comparable account in Germany would have returned about $130, calculations based on Bundesbank data show.