EverBank CD - MarketSafe Diversified Metals CD
I got wind of this rather cool offer from Whiskey & Gunpowder folks. The MarketSafe Diversified Metals CD which will be released at EverBank April 15, which is tomorrow. The concept is pretty unique, this EverBank CD will take as little as $1,500 and your money is equally split among 3 precious metals -1/3 gold, 1/3 silver and 1/3 platinum. Then, every quarter for the next 5 years, any rise in the metals price is factored into your CD value, while losses are simply ignored. In the end, you could end up collecting up to 50% of the average performance of all 3 metals. And if metal prices never rise, you collect the full value of your CD without any downside. The new EverBank CD is eligible for your IRA, and is FDIC protected. Pretty cool, the only complain I have is that they should have added palladium to the other 3 metals.
Wed Apr 14, 2010 10:04PM | Copyright: www.bad-credit-advisor.com | More in Personal Finance | Comments (0)
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