Millennium Bank

[renferme]

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 ?

 

[cute fuzzy bunny]

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?

 

[MJ]

for 2 months PFCU had 7 year cd at 6% apy and it was insured. They just lowered it to 5.88%.