Quote:
Originally Posted by greeneyes
A thorough search of the website and a quick call to some contacts and the answer is no, Washington Mutual does not offer CoD's in foreign denominations.
I checked out Everbank's site and it says that everything is FDIC insured which is a must. What it didn't offer was a quick and dirty list of all the fees. I would call and request a Fee Schedule, Account Disclosure brochure, and a Truth in Savings brochure. These are federally mandated materials that every FDIC or NCUA insured bank should have. Take a look at the info and then decide if you think this is a worthwhile endeavor.
CoD rates are not bad right now and are climbing. For instance, I could put you in a CoD for thirteen months at 3.92% interest with 4.00% annual percentage yield - as most any nationally-ranked bank could. Will the dollar fall enough that having a CoD in Chinese Renminbi would prove the safer bet? I can't predict the future, but some serious shit would have to happen in thirteen months for that to take place.
Best of luck!
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Like, say, a hurricane knocking over the Gulf of Mexico? Has Katrina had any effect on your previous statement? Just curious, not looking to profit from a disaster, or anything...