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Personal Finance Blog By MoneyRates - Foreign Currency Investing

Bailout fatigue takes hold

June 19, 2012

Each meeting of world financial leaders brings pledges of support, but no breakthrough strategy to solve the problem.

HSBC Bank - Online Savings Account Available in Sterling, US dollars, or Euros

May 16, 2008

HSBC Bank is justified in it's slogan as "The world's local bank" because they have branches in countries around the world including England, Hong Kong, Mexico, France, Taiwan.Customers of HSBC Bank US are insured by the FDIC, but customers of HSBC Banks in other countries are not subject to FDIC insurance. HSBC Bank has been [...]

Possible Way to Benefit from Higher Oil Prices?

April 22, 2008

Crude oil futures set a new intra-day record today of $119.86 a barrel after closing at a record close Monday of $117.48. In some cities gasoline is over $4 a gallon while the national average is a record high of over $3.50 a gallon. Analysts are quoting oil supply worries and a weak dollar as [...]

EverBank Expands Foreign Currency Options for Investors

April 17, 2008

EverBank, an FDIC-insured bank based in Jacksonville, Florida, has added new content to their site which offers more detailed coverage of the economies of the countries for which they offer foreign currency investments. EverBank has been providing an online platform to find information on foreign currency and open up foreign-denominated bank accounts for more than [...]

Global Interest Rates to Pressure U.S. Rates?

September 3, 2007

Despite the foregone conclusion on Wall Street that the Federal Reserve will lower rates continually in a bailout effort for the mortgage and banking industry, a trend this summer has been interest rate increases across the world. Global investors may meet a rate cut in the United States with less excitement as the spread between [...]

Global Interest Rates Increasing

July 22, 2007

Central banks across the world have reacted this July by increasing their benchmark lending rates in an effort to control domestic inflation. Included in the list of central banks to recently intervene with rate increases were (1) The Bank of Canada who increased their overnight lending rate to 4.25% and (2) The People’s Bank of [...]

FOREIGN-DENOMINATED SAVINGS ACCOUNTS

June 17, 2007

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 [...]