I am interested in opening a savings account in CH, no or low minimums, residing in the US?something that has no fees or very little , mainly for savings purpuses… ANY HELP? big banks like Credit Suisse require a million minimum?
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Thinking of investing your savings?
While increasing your savings is good, multiplying your money through smart investments feels great - there are lots of opportunities out there and you can be successful if you're arming yourself with the right information.
Where to start?
If you're going to try your luck on the stock market or trading options, first start by learning the basics and delay as much as possible buying real positions. One way of getting hands-on experience with the markets is through online trading - either forex or binary options are good learning grounds and most online brokers offer trial accounts free of charge (if you're wondering what are binary options, 24option.com has very good resources on it, besides offering a free practice account and a wealth of information about binary trading in general). Final warning for the very eager: binary options are exotic financial instruments; real trading involves substantial risk of monetary loss.
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You could try an EverBank WorldCurrency Access Deposit Account (see the link below) The minimum is $2,500, and it’s FDIC insured. They offer accounts in a few dozen foreign currencies.
If your goal is to diversify across multiple foreign currencies as a hedge against risk, this is a great way to go.
On the other hand, this is *not* a “Swiss bank account”. If your goal is to hide interest earnings from the U.S. Government, this isn’t your answer. EverBank still reports your earnings to the IRS.
Check out Everbank.com. Very interesting site and they deal with foreign currencies that is US FDIC insured.