Currency Market

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Junoon123CanuckAbroad Regular
Topic author
Posts: 55
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Joined: 28 Nov 2007

Currency Market

Post Wed Oct 21, 2009 2:00 pm

Folks i just wanted to add that i have a bank account online its called Everbankdotcom. Its secure and backed by FDIC insurance so in other words up 250k is insured. (Not sure if they changed it to 100k or not)

I love this Bank, you can actually put your money in it it gives decent interest rate well better then ING or Citi. Better means 1.77% or so just peanuts.

Anyways the feature i love in this is that you can actually convert your currency to whatever they offer, they usually have stable currencies.

Usually like JPY, Swiss francs, Singapore $ extra, you can also purchase commodity currency or invest in a basket of commodities something like 25% in Canada 25% in Australia 50% in Europe etc. Did i add that you can also do trade stocks through this.

its pretty interesting you should check this out. The one downside i noticed when i opened an account through them was their service was kind of slow.

Please note i am not a broker Or Investment Banker or giving you advice to convert currencies do your own homework at the end of the day its your hard earned money.
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