International CDs may yield big returns.
Investors looking for certificates of deposit with the potential to pay double-digit interest now have another option to consider, thanks to Treasury Bank in Washington, DC. Through its affiliate Treasury World Wide, a financial services provider in Washington, DC, investors can purchase CDs in more than 30 foreign currencies for terms ranging from 30 days to one year.
But this is not risk-free investing, cautions Edward Vazquez, manager of Treasury World Wide. You are converting your stable U.S. dollars into less stable foreign denominations. Any strengthening of the U.S. dollar could reduce the value of your investment; conversely, any downward slide would reward you handsomely.
Vazquez says the ideal investors are those with excess income, who can ride out currency fluctuations. For more information, contact Treasury World Wide at (888) 456-2323.