Eurodollar deposits

• Deposits of currency not native to the country in which the bank is located; negotiable, usually pay interest at maturity, and are typically denominated in units of $1 million. Provide yields above nearly all other marketable securities with similar maturities.

 Embedded terms in definition
Marketable securities
 Related Terms
 Core deposits
Demand deposits
Eurodollar bonds

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Beware of fraud originating in phone messages and faxes: FDIC Consumer News has warned before about crooks who call or e-mail consumers and pretend to be legitimate companies or government agencies wanting people to "verify" or "resubmit" (divulge) confidential information such as bank account or credit card numbers as well as Social Security numbers, passwords and personal identification numbers. Here are variations to know about. More...

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