EverBank offers Savings Products linked to Gold, Silver, Foreign Currencies, US Dollar and more
March 13, 2008
EverBank is a prominent online bank which has been offering a wide variety of investing options not found from your typical online bank. Listed below are many of the products currently available at EverBank, although investors should read carefully the disclosures and fine print of each product to fully understand the nature of the bank products.
EverBank WorldCurrency CDs
The EverBank WorldCurrency CDs pay a fixed rate of interest for the lifetime of the CD in local currency. All of the below listed CDs are subject to appreciation or depreciation of the local currency if converted back to US dollars.
Australian Dollar 90-day CD 5.09% yield
Australian Dollar 1-year CD 5.25% yield
British Pound 90-day CD 4.71% yield
New Zealand Dollar 90-day CD 6.14% yield
New Zealand Dollar 1-year CD 6.13% yield
South African Rand 90-day CD 8.24% yield
Swiss Franc 90-day CD 0.50% yield
Swiss Franc 1-year CD 0.75% yield
Click here for more information.
EverBank DollarBull CDs
The Everbank Dollar CDs are similar to the WorldCurrency CD except in reverse. You "borrow" money from a foreign country and benefit if the U.S. dollar appreciates against the currency. DollarBull CDs are available in all major currencies. Again, investors can lose money when converting funds back to US dollars. Click here for more information.
EverBankMarketSafe CDs
The EverBank MarketSafe CDs allow investors to earn a percentage of the upside return on Gold or Silver, while funds are protected from losses if gold and silver depreciate during the lifetime of the CD. The return is determined by an average of the spot price of gold or silver during the lifetime of the CD compared to the spot price at the time of purchase of the CD. Click here for more information. Click here for more information.
EverBank WorldCurrency Index CDs
The Everbank WorldCurrency Index CDs offer a multi-currency CD with returns weighted. Everbank offers a variety of types of WorldCurrency Index CDs which are strategically designed to focus on a specific regional strength, and/or geopolitical and economic development like Commodities, Petrol, or Pacific Rim countries. The returns are subject to the weighted appreciation or depreciation of the underlying currencies when converted back to US dollars. Click here for more information.
EverBank WorldCurrency Access Deposit Accounts Allow investors to earn return in a money market denominated in the currency of their choice. The returns are subject to the weighted appreciation or depreciation of the underlying currencies when converted back to US dollars. Click here for more information.
