I forgot to mention that Everbank have FDIC protection for $250,000 on each named beneficiary named on the account, a beneficiary would be yourself and any other person you wish to name on your account so easy to get protection of say a Million Bucks or equivalent.

This increased protection was extended recently till end of 2013.

ASP

I looked into this quite thoroughly a few months ago, but had safety of my deposit as top priority. The main problem with any mixed currency bond or savings account is going to be that interest is paid at a lower rate than if you had your money spread amongst top-rated savings accounts in a few different countries.

The bank I looked at is Everbank in the USA, I think they use around a dozen currencies but as I say the interest rates are quite dire at the moment. Saying that it is a great account for hedging against currency rate movements. They offer CD's as well as an MMA (Money Market Account) instant access savings.

Better rates can be got by opening savings accounts in some Asian countries and also Australia but that brings the hassle of getting through the account opening process and also transferring funds between different institutions in differnt countries. Going down the Everbank route makes things a lot easier and they will deal with UK Residents.

If you find any alternatives please post details on this thread,

Cheers

ATM

Can you recommend a bank or other institution which offer an individual a pure mixed currency bond--avoiding sterling and dollars, for 3 to 12 month term. Product could be like a CD, with any mix of viable currencies from Europe and/or Asia.

ASP