Could that lady put some of her money in CD in foreign currencies like the Canadian and Australian dollar plus Swiss Franc?
There is a bank in St. Louis that had them.
Everbank.com has world and multi currency CDs. The 3 month CDs on Austrialian dollar and Brazilian Real look pretty good. A$ is 3.03% and Brazilain Real is 6.14%
They also have a currency basket CD. The best appears to be 25% A$, 25% B Real, 25% C$ and 25% Norwegian Krone is 2.3%.
Yes. But spread the risk around. Don’t get in a situation where the failure of any one entity would wipe you out.