Foreign Currencies and CDs. We think that's a great combination.
We bring foreign currencies closer to home with a familiar product.
WorldCurrency Certificate of Deposit - Single-currency
If you seek to diversify your portfolio globally, then foreign currencies could be a beneficial addition. And our WorldCurrency
can make adding currencies a simple process—and potentially rewarding too. You earn interest in the currency of your choice and potentially benefit from appreciation against the U.S. dollar. However if your selected currency depreciates against the U.S. dollar, you could experience a loss to some of your principal deposit. We also offer competitive
within 1% of the wholesale spot price EverBank
® pays for the currency—among the lowest in the nation.
1
From Australia
to Switzerland
Earn interest from a wide selection of foreign currencies.
Features of our WorldCurrency CD:
- Available in 3-, 6-, 9-, and 12-month terms.
- Returns based on a fixed interest rate and potential appreciation in the selected foreign currency versus the U.S. dollar. However, if the selected currency loses value versus the U.S. dollar, you could experience a loss of principal.
- No monthly account fees.
- Open with a competitive minimum deposit of $10,000 (some exceptions may apply).
- FDIC insured for bank insolvency.2
WorldCurrency CD Yields - $10,000 ($US) Minimum Deposit (some exceptions apply)
Annual percentage yield (APY)3
Rates as of 8/29/2008 12:00:00 AM
Your WorldCurrency CD Account includes the EverBank
which automatically combines all your banking, WorldCurrency and other EverBank accounts into one online account management site.
Our WorldCurrency CDs deliver an easy way for you to participate in the often complex world of foreign currencies. These CDs can be useful in hedging your U.S. dollar investments or rounding out your long-term portfolio strategy. We encourage you to use our currency tools and resources to educate yourself about currency investing and assess your tolerance for the associated risks.
What can you tell me about any market risks associated with WorldCurrency CD accounts?
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.2 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 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.
- The currency conversion rate will be within 1% of the wholesale spot price EverBank pays for the currency. Exceptions may occur when a specific conversion rate is agreed upon between you and EverBank. Please note, if you request funds in your account to be denominated in a currency other than the currency sent to EverBank to fund your account, EverBank will convert the funds using the then prevailing currency conversion rate offered by EverBank.
- 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.
- Rates as of 8/29/2008 12:00:00 AM. 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. Penalties for early withdrawal apply. The stated APY does not reflect the potential capital gains or losses that may occur due to fluctuations in the currency market. A minimum deposit of $10,000 or foreign currency equivalent is required to open the account. For the special Indian rupee and Brazilian real CDs, the minimum opening deposit is $20,000 or foreign currency equivalent.
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- EverBank, the EverBank Infinity Sphere and the EverBank logo along with MarketSafe and EverTrade are proprietary service marks of EverBank. All rights reserved.
