Bank Deposit Compensation Scheme:
American Bank Deposits

The current compensation scheme covering American bank deposits protects depositers upto the value of $250,000 USD should the bank be unable to meet it's financial obligations.

WARNING! - Any bank deposits in excess of the set Government compensation scheme are at very high risk should the bank go in to financial difficulties. Simply put - you could lose 100% of your deposit(s).  RIO strongly recommends that members do not take this risk, especially since banks are offering little reward for the degree of risk taken by you (the depositer).

To quantify this risk, it is possible you could sustain a 100% loss versus set bank deposit return 1%- Risk/Reward ratio very poor! Why take the risk if you don't need to?

Recommendation; firstly check that your bank is covered by the compensation scheme if not move banks. Secondly should any member have bank deposits in excess of government compensation scheme they should open a second account, this must be at another bank to enable multiple instances of compensation.

It is important to make sure that the bank chosen isn’t owned by or a subsidiary of the bank you already have deposits with. For any member with large amounts of cash on deposit firstly this is not recommended for several reasons, the main reason being that the purchasing power of the physical money depreciates over time. For those who simply prefer having large amounts in cash on deposit then at least protect your capital, by diversifying such deposits to several unconnected bank accounts also ensuring that each deposit remains below the set compensation scheme level at least you've done your part to protect the basic capital. Not to do so would be simple disrespect for money and plain ignorance.

RIO Products Vs. American Bank Deposit Offers

There is a world of difference in Bank deposit versus RIO Fixed Income Bond in terms of both Risk and reward.

Bank deposit

Bank guarantee is limited to that set by regulatory authorities in America which is currently set at $250,000, as such capital over this amount is not protected and at Risk. (risk/reward very poor).

Designed for small lump sum deposits are usually though high street banking. (banks are exposed to risk by nature of their business) Risk/Reward ratio poor

When contemplating retirement you should not expose capital to significant risk as this could be disastrous.

RIO Fixed Income Bond Series 2 (Improved Surety)

RIO Fixed Income Bond 100% of capital is guaranteed / no risk to capital

Return 7% before tax, however tax can be mitigated completely should you require this we can set this up for you.

Designed for retirement and large lump sum, by nature this type of vehicle bares no risk to capital and offers 100% protection - combined with a fixed return for fixed period. (risk/reward ratio Excellent)

Current American Bank Deposit Rates

Deposit Account Type		Term	APY	Account Details
MetLife Bank 2 Year CD Rates		2 year	1.17%	Interest Rate is for deposit amounts of over $100,000. Please note that MetLife Bank deposit - USD - Mar, 2013
MetLife Bank 1 Year CD Rates		1 year	1.05%	Interest Rate is for a deposit $100,000+ for a 12 month period.  The related MetLife Bank de - USD - Mar, 2013
Navy Federal Credit Union 1 Year CD Rates		1 year	1.00%	The interest rate indicated is for the 'Short-Term Certificate'  product and is f - USD - Mar, 2013
Ally Bank 1 Year CD Rates		1 year	0.94%	The interest rate for the cd product 'high yield cd' is for a 1 Year Term which requires no minim - USD - Mar, 2013
Discover Bank 1 Year CD Rates		1 year	0.90%	The current interest for this CD product is for a 12 month term with a minimum of $2,500 to open - USD - Mar, 2013
USAA 1 Year CD Rates		1 year	0.71%	This cd product is for a 12 month / 1 year period for a standard cd balance of $1,000 — $94,999 w - USD - Mar, 2013
MetLife Bank 6 Month CD Rates		6 month	0.70%	Interest Rate is for deposit amounts of over $100,000. Please note that MetLife Bank accou - USD - Mar, 2013
American Express Bank 1 Year CD Rates		1 year	0.55%	The interest rate for this 12 month CD account is for a 1 year term requiring as much as $1 minim - USD - Mar, 2013
MetLife Bank 3 Month CD Rates		3 month	0.50%	Interest Rate is for deposit amounts of over $100,000. Please note that MetLife Bank account - USD - Mar, 2013
Bank of China USA 1 Year CD Rates		1 year	0.50%	The following interest rate APY is for a 'Certificate of Deposit' account type, a 1 year term and - USD - Mar, 2013
BBVA Compass 1 Year CD Rates		1 year	0.50%	This interest rate applies to the State of California - 'Southern California', please refer to we - USD - Mar, 2013
Bank of America 10 Year CD Rates		10 year	0.50%	This applies for 10 Years and  is for the Standard CD/IRA Product which was calculated - USD - Mar, 2013
Bank of America 5 Year CD Rates		5 year	0.50%	This applies for the range from 5 Year to 119 months and is for the Standard CD/IRA Product which - USD - Mar, 2013
Bank of China USA 1 Year CD Rates		1 year	0.50%	The following interest rate APY is for a 'Certificate of Deposit' account type, a 1 year term and - USD - Mar, 2013
Fidelity 1 Year CD Rates		1 year	0.500%	The interest rate yield for this fixed income investment is for a 1 year period. Selected from Fi - USD - Mar, 2013
Capital One 6 Month CD Rates		6 month	0.40%	Interest rates for capital one certificate of deposit is for a 6 month / 180 day period, it also - USD - Mar, 2013
ING Direct USA 1 Year CD Rates		1 year	0.40%	The Interest rate for this ING Direct 'Orange CD' Account is for a 12 month / 1 year period and i - USD - Mar, 2013
PNC 2 Year CD Rates		2 year	0.35%	Rate is for 2 years with a minimum balance of a $1000 at a 'Fixed Rate CD Only' calculated in the - USD - Mar, 2013
Harris Bank 1 Year CD Rates		1 year	0.30%	The interest rate for this Harris certificate of deposit account is for a 1 year / 12 month perio - USD - Mar, 2013
Bank of America 2 Year CD Rates		2 year	0.25%	2 Year -  35 Month / 2 Year Rate is for the Standard CD/IRA Product and was calcu - USD - Mar, 2013
Citibank 2 Year CD Rates		2 year	0.25%	2 Year Interest Rate was calculated for the state of California, other states may vary. - USD - Mar, 2013
CHASE 2 Year CD Rates		2 year	0.25%	Rate is for a deposit for 2 years with a $1,000 Minimum Opening Deposit - USD - Mar, 2013
Rabobank America 1 Year CD Rates		1 year	0.25%	The interest rates for this CD requires a minimum of $2,500 and is for a time horizon of 1 year ( - USD - Mar, 2013
Union Bank 1 Year CD Rates		1 year	0.25%	The interest rate provided below was based on the CD product for a range between 12 to 17 months - USD - Mar, 2013
Fifth Third Bank 1 Year CD Rates		1 year	0.25%	The current interest rate applies to the 'Standard CD' product and is for a 12 to 24 month CD ter - USD - Mar, 2013
Vanguard 1 Year CD Rates		1 year	0.25%	The applicable yield rate is for a 12 month CD product and new issue.  The Vanguard Brokerage Ser - USD - Mar, 2013
Bank of America 1 Year IRA CD Rates		1 year	0.20%	This IRA interest rate is for a term between 1 year to 17 months and is under the 'Standard CD/IR - USD - Mar, 2013
CHASE 1 Year CD Rates		1 year	0.20%	Rate is for a deposit for 12 months with a $1,000 Minimum Opening Deposit from 90210 postcode - USD - Mar, 2013
Citibank 1 Year CD Rates		1 year	0.20%	12 month Rate is applicable for a state of California. - USD - Mar, 2013
PNC 1 Year CD Rates		1 year	0.20%	Rate is for 12 months with a minimum balance of a $1000 at a 'Fixed Rate CD Only' for the state o - USD - Mar, 2013
HSBC USA 1 Year CD Rates		1 year	0.20%	This interest rate is for '1 Year plus 1 day' / 12 month + 1 day with minimum balance to open the - USD - Mar, 2013
Bank of America 1 Year IRA CD Rates		1 year	0.20%	This IRA interest rate is for a term between 1 year to 17 months and is under the 'Standard CD/IR - USD - Mar, 2013
Edward Jones 1 Year CD Rates		1 year	0.20%	The rate is applicable for the 1 year CD product with a minimum $5,000 deposit. The product is ba - USD - Mar, 2013
TD Bank 6 Month CD Rates		6 month	0.15%	Interest rate for Certificate of Deposit product requires a $250 minimum deposit for the 'no catc - USD - Mar, 2013
Bank of America 6 Month CD Rates		6 month	0.10%	180 - 364 Days / 6 Month Rate is for the Standard CD/IRA Product and was calculated fo - USD - Mar, 2013
Citibank 6 Month CD Rates		6 month	0.10%	6 Month Interest Rate was calculated for the state of California, other states may vary. - USD - Mar, 2013
CHASE 6 Month CD Rates		6 month	0.10%	Rate is for a deposit for 6 months with a $1,000 Minimum Opening Deposit - USD - Mar, 2013
PNC 6 Month CD Rates		6 month	0.10%	Rate is for 6 months with a minimum balance of a $1000 at a 'Fixed Rate CD Only' calculated in th - USD - Mar, 2013
US Bank 1 Year CD Rates		1 year	0.10%	This interest rate applies the 'Standard CD' product and is for a 12 month / 1 year term and was - USD - Mar, 2013
Regions Bank 1 Year CD Rates		1 year	0.10%	The interest rate is applicable for Houston, Texas and is for a 12 month/1 year time frame.   - USD - Mar, 2013
Sovereign Bank 1 Year CD Rates		1 year	0.10%	This interest is determined from the 'rising rate cd' product and is for a 12 month term, calcula - USD - Mar, 2013
KeyBank 1 Year CD Rates		1 year	0.10%	The interest rate for this cd account was determined using a postcode for New York and is for the - USD - Mar, 2013
PNC 3 Month CD Rates		3 month	0.07%	Rate is for 3 months with a minimum balance of a $1000 at a 'Fixed Rate CD Only' calculated in th - USD - Mar, 2013
Wells Fargo 1 Year CD Rates		1 year	0.05%	- Rate is for 'Standard CD Rates' for 1 year and applies for the state of California, it also req - USD - Mar, 2013
Bank of America 3 Month CD Rates		3 month	0.05%	90  - 179 Days / 3 Month Rate is for the Standard CD/IRA Product and was calculated for - USD - Mar, 2013
Citibank 3 Month CD Rates		3 month	0.05%	Rate was calculated for the state of California, other states may vary. - USD - Mar, 2013
Wells Fargo 6 Month CD Rates		6 month	0.05%	6 Month Interest Rate was based on the standard cd rates product and calculated for the state of - USD - Mar, 2013
Wells Fargo 3 Month CD Rates		3 month	0.05%	3 Month Interest Rate was based on the standard cd rates product and calculated for the state of - USD - Mar, 2013
Ameriprise 1 Year CD Rates		1 year	.01%	This CD product is closed to new accounts and the minimum balance to earn a yield for this rat - USD - Mar, 2013
Citizens Bank 2 Year CD Rates		2 year		The interest rate is for 24 months / 2 years and requires a minimum of a $1000.  This rate w - USD - Jan, 2013