Two dynamic forces combined—energy and currencies
World Energy Index CD
When global diversification is a key goal, you'll appreciate the World EnergySM Index CD. This single CD combines currencies from 4 non-Middle Eastern energy producing countries, delivering a financial instrument tied to the global-energy industry.
World Energy
Index CD
Four countries rich in energy resources. Their currencies combined in one CD.
Features of our World Energy Index CD:
- Available in 3- and 6-month terms.
- Comprised of 4 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 Index 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 access fees.
- Open with a competitive minimum deposit of $20,000.
- FDIC insured for bank insolvency.1
Your World Energy Index CD Account includes the EverBank
® which automatically combines all your banking, WorldCurrency and other EverBank accounts into one online account management site.
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 $100,000, 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.
While FDIC insurance will protect you from bank failure up to $100,000, 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 Index CD account, what is 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.
- 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.
- Your EverBank deposit accounts are insured by the FDIC for at least $100,000. FDIC insurance covers against loss due to the failure of the institution, but not market related fluctuations, including changes in currency prices. 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, investors 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.
- 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 capital gains or losses that may occur due to fluctuations in the currency market. Interest earned on your Index 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. On maturity, your units can be rolled over into a new Index CD or converted to U.S. dollars at a conversion rate that blends the market value of each currency in accordance with that currency's weighting. Penalties for early withdrawal apply. A minimum deposit of $20,000 or foreign currency equivalent is required to open the account.
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- EverBank, the EverBank Infinity Sphere and the EverBank logo along with World Energy, MarketSafe and EverTrade are proprietary service marks of EverBank. All rights reserved.
