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Flags  A single CD fueled by the currencies of 3 energy-rich countries

New World Energy Basket CD

The global demand from developed and emerging markets for energy resources continues to grow. Concern about the geopolitical risks associated throughout the Middle East continues to grow. That's why EverBank® developed the New World Energy® Basket CD, which combines the foreign currencies of 3 non Middle Eastern countries rich with energy commodities into a single CD.

  • New World Energy
    Basket CD

  • Four economies primed to grow. Their currencies combined in one CD.
  • Apply Now

Features of our New World Energy® Basket CD:

  • Available in 3- and 6-month terms.
  • Comprised of 3 non-Middle Eastern energy producing countries:
  • Returns based on a fixed-interest rate and any changes in the values of the currencies that comprise the Basket CD versus the U.S. dollar. If any of the currencies lose value versus the U.S. dollar, you could potentially experience a loss of principal.
  • No monthly account fees.
  • Open with a competitive minimum deposit of $20,000.
  • FDIC insured for bank insolvency.1

Your New World Energy Basket CD Account includes the EverBank Asset Manager Service Glossary, which automatically combines all of your banking, World Markets and other EverBank investment accounts into one relationship.

What should I consider before I open a foreign currency account at EverBank®?

We feel it's important to assess your tolerance for the risks associated with currency fluctuations. While FDIC insurance will protect you from bank failure up to $250,000 (until December 31, 2013), currency values can be affected by various geopolitical and economic influences and this can negatively and positively impact the amount of your deposit. We recommend that you carefully consider both the potential for currency appreciation (or loss) along with the rate of interest that you may earn when assessing the use of foreign currency products as part of a broadly diversified investment strategy.

We encourage you to use our foreign currency resources to educate yourself about currency investing and the factors that influence currency values.

What can you tell me about any risks associated with WorldCurrency® Basket CD accounts?

While FDIC insurance will protect you from bank failure up to $250,000 (until December 31, 2013), it's important to understand that your deposit will be susceptible to losses or gains due to currency-price fluctuations. Various geopolitical and economic influences can affect a currency's value. We recommend that you carefully consider both the potential for currency appreciation (or loss) along with the rate of interest that you may earn when assessing the use of foreign currency products as part of a broadly diversified investment strategy.

I'm interested in opening a WorldCurrency Basket CD account, what's my next step?

Please note: Not all investments are right for all investors. You should conduct your own research and/or consult with an investment advisor before making any investment.

  • Before opening a WorldCurrency® account, we recommend reading what to expect when opening a currency account to learn about currency conversion2 and other important trading procedures.
  • Once you select the currency offering that's right for you, apply online or call 800.926.4922 for more information.
  • For your protection, we require that you sign and mail your application along with a deposit.
  1.  
  2. EverBank, EverTrade, the EverBank Infinity Sphere and the EverBank logo, along with World Energy, WorldCurrency and MarketSafe are proprietary service marks of EverBank. All rights reserved.

Important Disclosures

  1. EverBank is an FDIC insured federal savings association. The standard FDIC insurance limit of $250,000 applies per depositor, per insured depository institution for each account ownership category. FDIC insurance covers against loss due to the failure of the institution, but not fluctuations in currency values. Due to the nature and volatility of the foreign exchange market, the values of currencies are subject to wide fluctuations against the U.S. dollar and investments in foreign currency denominated instruments will entail significant risk exposure to adverse movements of the foreign currency relative to the U.S. dollar. The amount of deposit insurance available for funds denominated in foreign currency will be determined and paid in the United States dollar equivalent of the foreign currency on the institution's date of default. As with all investments, you can lose money, including principal, due to currency fluctuations, over the term that you own it. Please only invest with money that you can afford to risk, and as part of a broadly diversified investment strategy.

  2. If you request funds in this account be denominated in a currency other than the currency you deposit with EverBank, we will convert your currency using a then current Exchange Rate. The Exchange Rate you pay will be within 1% of the available Market Rate for the selected foreign currency. Exceptions may occur when a specific conversion rate is agreed upon between you and EverBank or when an Exchange Rate is limited by conditions beyond our control (including government restrictions, wars, insurrections, economic conditions in the country whose currency you select or in the United States, and/or other "Acts of God"). The Market Rate is a market price available on the Interbank currency market and is not published in any newspaper, on any website or in any other publicly available source. Published exchange rates or spot rates may not accurately reflect rates on the Interbank Market or the Exchange Rate available to you. You are not obligated to conduct Exchange Transactions with EverBank. Please see the Foreign Currency Deposit Account Disclosure for more information about EverBank's Exchange Rates.

  3. Rates as of 7/30/2010 12:00:00 AM. Rates may change at any time prior to the opening of the CD. The quoted annual percentage yield (APY) applies only to the corresponding term also quoted with the APY, and assumes that interest remains on deposit until maturity. The stated APY does not reflect the potential gains or losses that may occur due to fluctuations in the currency market. Interest earned on your Basket CD will be paid in additional units of the CD. Each unit is made up of each of the currencies listed here in accordance with the specified weightings. At maturity, your units can be rolled over into a new Basket CD or converted to U.S. dollars at an Exchange Rate that blends the Market Rate of each currency in accordance with that currency's weighting and also includes our Spread. Penalties for early withdrawal apply. A minimum deposit of $20,000 or foreign currency equivalent is required to open the account.