Bank Deposit Foreign Currency

Currency saving accounts?

I would like to know if JP Morgan Chase, Citigroup, BoA or other American banks offer currency savings accounts services to the common public.

I am 100% positive it is available in other places in the world. See examples below:
http://www.offshore.hsbc.com/1/2/international/savings-accounts/currency-savings-account
http://www.standardchartered.com.hk/personal-banking/deposits/foreign-currency-saving/en/
http://www.offshore.barclays.com/euro-savings-account/

I would also like to know the financial implications of such accounts to a US citizen according to US federal tax laws/relevant state laws.

Thanks!!

No, US banks to not offer this
Very difficult for US citizen to open offshore account
Any way, you are required on your tax return to disclose (under penalty of perjury) if you have an account outside the USA

Roilo Golez, Banks Committee, Amendment, Foreign Currency Deposit Law 5 June 2012-1


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