Two dynamic forces combined—energy and currencies
World Energy Index CD
When global diversification is a key goal, you'll appreciate the World Energy® Index CD. This single CD combines currencies from 4 non-Middle Eastern energy producing countries, delivering a financial instrument tied to the global-energy industry.
Features of our World Energy® Index CD:
- Available in 3- and 6-month terms.
- Comprised of 4 non-middle eastern energy producing countries:
- Returns based on a fixed-interest rate and any changes in the values of the currencies that comprise the Index CD versus the U.S. dollar. If any of the currencies lose value versus the U.S. dollar, you could potentially experience a loss of principal.
- No monthly account fees.
- Open with a competitive minimum deposit of $20,000.
- FDIC insured for bank insolvency.1
Your World Energy Index CD Account includes the EverBank® Asset Manager Service
, which automatically combines all of your banking, World Markets and other EverBank investment accounts into one relationship.
What should I consider before I open a foreign currency account at EverBank®?
We feel it's important to assess your tolerance for the risks associated with currency fluctuations. While FDIC insurance will protect you from bank failure up to $250,000 (through December 31, 2009), currency values can be affected by various geopolitical and economic influences and this can negatively and positively impact the amount of your deposit. 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.
We encourage you to use our foreign currency resources to educate yourself about currency investing and the factors that influence currency values.
What can you tell me about any risks associated with WorldCurrency® Index CD accounts?
While FDIC insurance will protect you from bank failure up to $250,000 (through December 31, 2009), it's important to understand that your deposit will be susceptible to losses or gains due to currency-price fluctuations. 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 Index CD account, what's 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.
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- EverBank, EverTrade, the EverBank Infinity Sphere and the EverBank logo, along with World Energy, WorldCurrency and MarketSafe are proprietary service marks of EverBank. All rights reserved.