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Re: Everbank Icelandic CD 8.24%
Old 03-05-2006, 05:50 PM   #21
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Re: Everbank Icelandic CD 8.24%

Do other countries offer something similar to our FDIC protection on bank accounts?

I've often considered putting some cash in a high interest rate stable foreign country, but only if the bank had some kind of deposit insurance that would cover a foreign investor.
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Re: Everbank Icelandic CD 8.24%
Old 03-05-2006, 05:54 PM   #22
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Re: Everbank Icelandic CD 8.24%

I wonder what the risk profile/interest rate comparison would be between one of these currency CD's, some 'high interest rate stable foreign country's bank', and something like vanguards high yield corporate bond fund...
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Re: Everbank Icelandic CD 8.24%
Old 03-06-2006, 07:34 PM   #23
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Re: Everbank Icelandic CD 8.24%

If you are looking at higher "interest" returns, try something like Fidelity New Markets Income(FNMIX) or Pimco Emerging Markets Bond(PEMDX) or Loomis Sayles Global Bond(GLBLX), these are all Int'l Bond funds that have extremely good returns in a diversified bond portolio. I think that FNMIX is not tied to the dollar either, but is hedged somehow so that it is in dollar denominated currency(not foreign, ie. no currency risk)
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Re: Everbank Icelandic CD 8.24%
Old 05-15-2006, 03:50 AM   #24
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Re: Everbank Icelandic CD 8.24%

Perusing some old threads ...

I have a buddy who put about $100K in New Zealand CD's ... paying reasonable interest (comparable to U.S.), picking up additional returns from currency moves, and ... he has considered retiring there.* Tells me that (at least a few years ago), having assets in country aided his potential immigration plans.

[EverBank offers some interesting diversification potential ... ignoring specific currency plays. Looked st some old threads ... appears EverBank is for real, dependable, ala EmigrantDirect.]
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