Tuesday, February 14, 2006

I wish I had $10,000

EverBank is offering 3 month Icelandic Krona CD accounts at an interest rate of 8.24%. Holy expletive Batman! The catch is there is a $10,000 minimum to open the account. As you know I'm opening a Roth IRA and dumping the vast majority of my savings into that to cover my 2005 and a $1,000 of my 2006 contribution. The CD is FDIC insured but not against currency fluctuations. I checked the chart of dollar to Krona and it appears as though it is pretty stable in recent history. I'm no expert but it looks like a sure bet to me. If I had an extra 10k I'd go fishing in Iceland.

0 Comments:

Post a Comment

<< Home