everbank

[goadam1]

Any opinions on everbank and holding a cd in a denominated in a foreign currency.

[babbittd]

IIRC, there are some strong opinions posted on the "Weiss Research 1500 banks to fail" thread.

[zoog]

IIRC, there are some strong opinions posted on the "Weiss Research 1500 banks to fail" thread.

Thread link (http://www.itulip.com/forums/showthread.php?p=50615#poststop)

Also a post I made here (http://www.itulip.com/forums/showthread.php?p=12515#post12515)linking to a blog post here (http://www.mymoneyblog.com/archives/2007/06/should-i-invest-in-everbanks-foreign-currency-cds.html) which discussed that the currency exchange "friction" could eat up not only potential profits but also principle.

[jtabeb]

Thread link (http://www.itulip.com/forums/showthread.php?p=50615#poststop)

Also a post I made here (http://www.itulip.com/forums/showthread.php?p=12515#post12515)linking to a blog post here (http://www.mymoneyblog.com/archives/2007/06/should-i-invest-in-everbanks-foreign-currency-cds.html) which discussed that the currency exchange "friction" could eat up not only potential profits but also principle.


Plus they were pushing their Icelandic Krona CDs quite heavily before the crash. I don't think that those CDs have done very well.

[goadam1]

I had a feeling they were stinky. I was just wondering.

[Thailandnotes]

Considered them about 4 years ago. Read quite a few blogs suggesting customer service was frustrating.