Investing in Silver and Gold CDs Seattle WA

Participating in the upward price movement of gold and silver can be somewhat risky for many investors. But what if an investor could get into the precious metals market and benefit from price upswings without risk to their principal? Read and find out more.

Sterling Savings Bank - Downtown Seattle Branch
(800) 772-7791
1406 4th Avenue
Seattle, WA
ATM Fees
monthly fee: Monthly service fees range from $0 to $15.00. See institution about how these monthly fees can be waived.
ATM fee note: There is a $2.00 fee each time you use a non-affiliated ATM. This fee can be waived by maintaining a balance of $2,500.00 or more. (Fee does not apply to all accounts.)
ATM Fee Rebate Noe: Sterling Savings Bank rebates ATM Surcharge Fees. Contact the institution for details.
Services
Overdraft Protection, Email Alerts, Online Bill Pay, Activity Download, Free Checks, Unlimited Checks

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Wells Fargo - First Hill Branch
(866) 245-3452
1317 Madison Street
Seattle, WA
ATM Fees
monthly fee: Monthly service fees range from $0 to $30.00. See institution about how these monthly fees can be waived.
ATM fee note: There is a $2.50 fee each time you use a non-affiliated ATM.
Services
Mobile & Text Banking, Debit Reward Programs, Overdraft Protection, Email Alerts, Online Bill Pay, Free Checks, Unlimited Checks

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Union Bank of California - Seattle Main Branch
(888) 818-6060
901 5th Ave Ste 1200
Seattle, WA
ATM Fees
monthly fee: Monthly service fees range from $0 to $17.00. See institution about how these monthly fees can be waived.
ATM fee note: There is a $2.00 fee each time you use a non-affiliated ATM. (Fee does not apply to all accounts.)
ATM Fee Rebate Noe: Some accounts provide rebates of ATM Surcharge Fees. Contact Union Bank of California for details.
Services
Mobile & Text Banking, Debit Reward Programs, Overdraft Protection, Email Alerts, Online Bill Pay, Activity Download, Free Checks, Unlimited Checks

Data Provided by:
KeyBank - Gateway Branch
(888) 539-1234
700 5th Avenue, Suite 4700
Seattle, WA
ATM Fees
monthly fee: Monthly service fees range from $0 to $25.00. See institution about how these monthly fees can be waived.
ATM fee note: There is a $2.00 fee each time you use a non-affiliated ATM. (Fee does not apply to all accounts.)
ATM Fee Rebate Noe: Some accounts provide rebates of ATM Surcharge Fees. Contact KeyBank for details.
Services
Mobile & Text Banking, Debit Reward Programs, Overdraft Protection, Email Alerts, Online Bill Pay, Activity Download, Free Checks, Unlimited Checks

Data Provided by:
Bank of America - Metropolitan Branch
(800) 432-1000
1309 Fourth Avenue
Seattle, WA
ATM Fees
monthly fee: Monthly service fees range from $0 to $25.00. See institution about how these monthly fees can be waived.
ATM fee note: There is a $2.00 fee each time you use a non-affiliated ATM.
Services
Mobile & Text Banking, Debit Reward Programs, Overdraft Protection, Email Alerts, Online Bill Pay, Activity Download, Free Checks, Unlimited Checks

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U.S. Bank - First Hill Branch
(800) 872-2657
1001 Madison Street, Unit #1
Seattle, WA
ATM Fees
monthly fee: Monthly service fees range from $0 to $10.95. See institution about how these monthly fees can be waived.
ATM fee note: There is a $2.50 fee each time you use a non-affiliated ATM after 2 uses per month. (Fee does not apply to all accounts.) (Not all accounts provide this fee waiver.)
Services
Mobile & Text Banking, Debit Reward Programs, Overdraft Protection, Email Alerts, Online Bill Pay, Activity Download, Free Checks, Unlimited Checks

Data Provided by:
Wells Fargo - Seattle Main Branch
(866) 245-3452
999 3rd Avenue
Seattle, WA
ATM Fees
monthly fee: Monthly service fees range from $0 to $30.00. See institution about how these monthly fees can be waived.
ATM fee note: There is a $2.50 fee each time you use a non-affiliated ATM.
Services
Mobile & Text Banking, Debit Reward Programs, Overdraft Protection, Email Alerts, Online Bill Pay, Free Checks, Unlimited Checks

Data Provided by:
Bank of America - Fifth & Olive Branch
(800) 432-1000
500 Olive Way
Seattle, WA
ATM Fees
monthly fee: Monthly service fees range from $0 to $25.00. See institution about how these monthly fees can be waived.
ATM fee note: There is a $2.00 fee each time you use a non-affiliated ATM.
Services
Mobile & Text Banking, Debit Reward Programs, Overdraft Protection, Email Alerts, Online Bill Pay, Activity Download, Free Checks, Unlimited Checks

Data Provided by:
Bank of America - Westlake Park
(800) 432-1000
408 Pike Street
Seattle, WA
ATM Fees
monthly fee: Monthly service fees range from $0 to $25.00. See institution about how these monthly fees can be waived.
ATM fee note: There is a $2.00 fee each time you use a non-affiliated ATM.
Services
Mobile & Text Banking, Debit Reward Programs, Overdraft Protection, Email Alerts, Online Bill Pay, Activity Download, Free Checks, Unlimited Checks

Data Provided by:
Bank of America - Main Office
(800) 432-1000
701 Fifth Avenue
Seattle, WA
ATM Fees
monthly fee: Monthly service fees range from $0 to $25.00. See institution about how these monthly fees can be waived.
ATM fee note: There is a $2.00 fee each time you use a non-affiliated ATM.
Services
Mobile & Text Banking, Debit Reward Programs, Overdraft Protection, Email Alerts, Online Bill Pay, Activity Download, Free Checks, Unlimited Checks

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Investing in Silver and Gold CDs

Participating in the upward price movement of gold and silver can be somewhat risky for many investors. But what if an investor could get into the precious metals market and benefit from price upswings without risk to their principal?

EverBank has attempted to make this scenario a reality by creating the MarketSafe CD, a certificate of deposit that allows investors to invest in the precious metals market without having to worry about losing their principal.

“When I talk to audiences at investment conferences, I always ask for a show of hands of how many people would like to participate in the price action of gold and silver. At least 90 percent of the hands go up,” Chuck Butler, president of EverBank’s World Markets Division, said. “When I ask if they would like to participate in those prices, but not experience any principal loss, then everyone’s hands go up.”

Pure gold bullion
MarketSafe CDs protect the principal investment The five-year CD, when opened, is priced at the cost of gold on the London morning fix on that particular day, a price set by five members of the London Gold Pool, Butler said. Every six months after that, EverBank records the spot price of gold. At the end of the five-year period, EverBank takes the average of those spot prices to return to the investor.

“Any price above [the starting price], you get 100 percent of your return,” Butler said. “If it’s lower, then you get principal back…If gold started at $825 and made a linear move of $300, you would end up getting about half of that because of that averaging. But if the price goes up and down and up and down…you’re going to outperform the market because of the averaging.”

EverBank runs a funding period every month, so investors may have to wait a short time before having their money invested. However, during the funding period, the money allocated for the MarketSafe CDs sits in an account earning the highest interest EverBank offers. When the CD is opened, both the principal and interest from that account are put into the CD.

While some investors may wonder whether investing in precious metals right now is wise, because the price of most metals has been climbing for the last five years, Butler said he thinks the price of gold will continue to rise.

“History shows us that every time there’s been a bull commodity market, it’s lasted anywhere from 17 to 22 years,” Butler said. ...

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