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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
Give me a museum and I'll fill it. (Picasso)
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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?

Be fearful when others are greedy, and greedy when others are fearful. Just another form of "buy low, sell high" for those who have trouble with things. This rule is not universal. Do not buy a 1973 Pinto because everyone else is afraid of 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%.
I look to the present moment because that's where I live my life.
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