New 5-currency Index CD from EverBank Invests in Countries with Strong Balance of Payments and Positive Trade Deficits

Here's an interesting one sent to me from Everbank. They have a new CD product that consists of currencies from countries that have strong balance of payments and positive trade deficits.

Many speculate that the dollar is in for a rough time now that the Treasury is getting ready to print almost a trillion new dollars.  Combine that with the significant probability of a cut in interest rates before the end of the year, and you've got ripe conditions for a dollar fall.  So where should you look?

Everbank sent me an interesting email the other day about their Debt Free Index CD.  The new Debt-Free Index CD is comprised of equal parts Singapore dollar, Japanese yen, Swiss franc, Australian dollar and Brazilian real.

Why these currencies? All 5 economies have a strong balance of payments - a factor that could aid performance against the U.S. dollar. Of the 5 economies, only Australia has a trade deficit - and the gap appears to be narrowing. 

The CDs are available in 3- and 6-month terms with a $20,000 minimum deposit.  While the CD is FDIC insured against bank insolvency, please keep in mind that you could lose principal as a result of currency fluctuation.?

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