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Millennium Bank
Old 03-02-2006, 02:19 PM   #1
Recycles dryer sheets
 
Join Date: Oct 2003
Posts: 452
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, 02:24 PM   #2
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Join Date: Dec 2003
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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, 08:04 PM   #3
Thinks s/he gets paid by the post
 
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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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