Currency Investing Alternatives to Everbank

Investing in foreign currencies with Everbank is like exchanging your US dollars at a hotel desk when you're visiting a foreign country. You have no control over the rate of exchange, and the rate frequently is much worse than where the currency is trading at in the open market. There are better alternatives. There are many currecncy exchange traded funds (ETFs) that pay higher interest than Everbank. Moreover, you can specify the rate of exchange at which you're willing to execute the trade and since these aren't time deposits, you can trade in and out of them at will.
List of Currency ETFs