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FOREIGN-DENOMINATED SAVINGS ACCOUNTS

June 17, 2007

By MoneyRates Team | Money Rates Columnist

everbank.com is offering foreign-denominated CDs with terms from 90 days to 10 years which allow some international diversification for income investors. Everbank.com is a FDIC-insured bank, but principal invested in their WorldCurrency CDs is subject to currency appreciation or depreciation during the term of the CD. The current 90-day APY for various WorldCurrency CDs are listed below:

British pound 4.32%

Canadian dollar 2.78%

Euro 2.47%

Hong Kong dollar 2.52%

Icelandic krona 12.55%

Indian rupee 5.09%

Japanese yen 0.00%

Mexican peso 4.84%

New Zealand dollar 6.66%

Norwegian krone 2.91%

South African rand 7.71%

Swedish krona 1.89%

Swiss franc 1.26%

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