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Millenium Bank: 7.5% CDs
Old 02-26-2006, 07:37 PM   #1
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Millenium Bank: 7.5% CDs

Anyone heard of Millenium Bank ( )? I ran into them while searching CD rates. They currently offer from 6.5% to 7.5% APR depending on the amount.

However, they are a Swiss bank without FDIC. Part of their marketing is aimed at reassuring American investors (who'd a thought?). Too good to be true?

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Re: Millenium Bank: 7.5% CDs
Old 02-26-2006, 07:41 PM   #2
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Re: Millenium Bank: 7.5% CDs

No FDIC? Think you have answered your own question. Junk bonds require higher rates too.
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