Foreign Currency Index CD’s – What yields should you expect?

Below are some of the highest yielding “World Currency Index CD’s.” Compare different strategies and find the best match for your portfolio.

If your looking to get into foreign currency CD’s but are having a difficult time overlooking their risk factor, then you may wish to diversify into a foreign currency index CD (or as EverBank calls it, a “world currency index CD”). Basically all these financial products do is diversify your Read more…

Adding foreign currency CD’s to your portfolio

Want better interest rates on your savings? Try foreign currency certificates of deposit. Below are the going rates for CD’s in various developed (and undeveloped) nations, as well as 5 crucial elements to take into consideration before investing.

First I’d like to mention that the main lure for domestic CD’s (certificates of deposit) are their relative safety when compared to all other possible investments in the universe. In almost all cases they Read more…

Millenium Bank CD Rates and Bank Review

If you have been in the market for CD (certificate of deposit) rates than you have most likely come across Millennium Bank. Not to be confused with the Millennium Bank of Virginia, the Millennium Bank of the West Indies is a subsidiary of the United Trust of Switzerland, SA. They are a Swiss-registered private trust company which was founded in 1931. The difference in their bank certificate of deposits and those Read more…

Mexican Bank Certificate of Deposit Rates

A couple weeks ago BankVibe covered Capital Bank of Mexico’s CD rates. To recap, Capital Bank of Mexico offers potential American customers CD rates yielding an APY of anywhere from 12-19%. Even when compared to other foreign currency CD rates these are still suspiciously high.

The catch? Well, for starters Mexico doesn’t have any sort of FDIC equivalent to protect your investment against an economic/bank collapse. They do, however, state that throughout Read more…

ICICI Bank Savings Accounts and Deposit Rates

Lately there has been much buzz/comments regarding foreign currency CD rates at BankVibe.com. This has prompted me to showcase one particular foreign bank that, in my opinion, safely meets my banking standards (even though they would reject my business because I am not a national citizen).  ICICI Bank of India is India’s second largest bank with a presence in 18 countries. They were originally promoted in 1994 and quickly gained the Read more…