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Millennium Bank
Old 03-02-2006, 01:19 PM   #1
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Millennium Bank
offering Premium CDs:
seven year cd, minimum 100,000 pays 7.75% !
Premium Certificates of Deposit are NON-REDEEMABLE until maturity.
Can they do that ? absolutely non-redeemable ?

This bank is a subsidiary of a bank in Switzerland.
There address is in St. Vincent and the Grenadines, W.I.
.
So, I guess it's not US federally insured.
SAFE ? ??

Anyone know anything about this bank ?
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Re: Millennium Bank
Old 03-02-2006, 01:24 PM   #2
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Re: Millennium Bank
I guess you could find out 7 years from now.

This isnt one of those cd's that invests your money in slovakian beef mines, is it?
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Re: Millennium Bank
Old 03-02-2006, 07:04 PM   #3
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Re: Millennium Bank
for 2 months PFCU had 7 year cd at 6% apy and it was insured. They just lowered it to 5.88%.
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