Has anyone used Everbanks foreign currency CDs? There appears to be some attractive short-term (3-6 month) rates available for Brazil, S. Africa and India.
I know there are possible currency fluctuation concerns with these CDs - but for such short terms is the risk really that great? Is there anything (other than another collapse and the flight-to-quality) that could drive the dollar significantly higher in the short-term?
Just wondering if this is just foolish chase for yield, or a potential short-term place to stick some cash...
Thanks!
I know there are possible currency fluctuation concerns with these CDs - but for such short terms is the risk really that great? Is there anything (other than another collapse and the flight-to-quality) that could drive the dollar significantly higher in the short-term?
Just wondering if this is just foolish chase for yield, or a potential short-term place to stick some cash...
Thanks!