 |
10-05-2007, 12:06 PM
|
#1
|
|
Recycles dryer sheets
Join Date: Jul 2005
Posts: 216
|
Millineum Bank ???
I was looking for CD rates ( for my trust fund) and found the Millineum Bank online with an 8% interest rate. It seems it's a Swiss company...anyone heard of them ? I spoke with someone at PenFed on the phone but was told I could not just get a Money Market Certificate for my trust fund without have a share account also. All I wanted was the certificate.Has anyone else run into this ?
|
|
|
 |
Join the #1 Early Retirement and Financial Independence Forum Today - It's Totally Free!
Are you planning to be financially independent as early as possible so you can live life on your own terms? Discuss successful investing strategies, asset allocation models, tax strategies and other related topics in our online forum community. Our members range from young folks just starting their journey to financial independence, military retirees and even multimillionaires. No matter where you fit in you'll find that Early-Retirement.org is a great community to join. Best of all it's totally FREE!
You are currently viewing our boards as a guest so you have limited access to our community. Please take the time to register and you will gain a lot of great new features including; the ability to participate in discussions, network with our members, see fewer ads, upload photographs, create a retirement blog, send private messages and so much, much more!
|
|
10-05-2007, 12:10 PM
|
#2
|
|
Give me a museum and I'll fill it. (Picasso)
Give me a forum ...
Join Date: Mar 2003
Posts: 18,085
|
Run from Millenium "Bank." You'd be better off with junk bonds.
[Yes, you have to open a share account with Pen Fed. So put $5 into it and get on with life.
__________________
"All animals are equal, but some animals are more equal than others."
- George Orwell
Ezekiel 23:20
|
|
|
|
|
10-05-2007, 12:16 PM
|
#3
|
|
Recycles dryer sheets
Join Date: Jul 2005
Posts: 216
|
I had already figured the place was no good  Do you consider Pen Fed the best place for CD's ?
|
|
|
|
|
10-05-2007, 12:27 PM
|
#4
|
|
Give me a museum and I'll fill it. (Picasso)
Give me a forum ...
Join Date: Mar 2003
Posts: 18,085
|
 Quote:
Originally Posted by Dancer373
I had already figured the place was no good Do you consider Pen Fed the best place for CD's ? |
Certainly the highest rate available. I have CDs there. Based on what I saw in their latest financial statements, I think they are pretty solid.
__________________
"All animals are equal, but some animals are more equal than others."
- George Orwell
Ezekiel 23:20
|
|
|
|
|
10-05-2007, 02:06 PM
|
#5
|
|
Thinks s/he gets paid by the post
Join Date: Jun 2006
Location: Central, Ohio, USA
Posts: 2,635
|
PENFED IMO is very good. Best rates I can find for NCUA insured money. They are the 2d largest CU in USA -- right behind Navy Federal Credit Union which is #1.
__________________
Vietnam Veteran, CW4 USA, Retired 1979
|
|
|
|
|
10-06-2007, 09:35 PM
|
#6
|
|
Thinks s/he gets paid by the post
Join Date: Aug 2004
Location: St. Louis
Posts: 2,179
|
Quote:
Originally Posted by Dancer373
I had already figured the place was no good Do you consider Pen Fed the best place for CD's ? |
As with any place that offers CDs - their rates vary, according to their internal cash flow/funds needs. One month they might pay substantially better than others; in other months, they might pay 1/4%-1/2% less (I think before they raised to their current 6% APY, they were paying only 5% APY!).
So just be prepared to hurry up and lock in a rate if you're going to, and be prepared to go elsewhere if they change their rates.
Some other sources for good rates:
FISN - Certificate of Deposit Service - CD Rates
(FISN is a CD broker. They offer a variety of CDs, from regular fixed term/rate to callable CDs, to CDs with step rates, etc.)
Highest rates and yields on bank certificates of deposit (CDs) updated daily by money-rates.com.
CD Thread, Post The Best Rates You Can Find Here!
Best current APY/APRs: The Daughter of The Mother - Checking, Saving, and Money Market: All Liquid Accnt Interest Rates!
Bank Deals - Best Rates and Deals
__________________
Dryer sheets Schmyer sheets
|
|
|
|
|
10-07-2007, 09:42 AM
|
#7
|
|
Thinks s/he gets paid by the post
Join Date: Jun 2004
Location: No. California
Posts: 1,858
|
Thanks for all the links, MooreBonds.
|
|
|
|
|
|
Currently Active Users Viewing This Thread: 1 (0 members and 1 guests)
|
|
|
| Thread Tools |
|
|
| Display Modes |
 Linear Mode
|
Posting Rules
|
You may not post new threads
You may not post replies
You may not post attachments
You may not edit your posts
HTML code is Off
|
|
|
Similar Threads
|
| Thread |
Thread Starter |
Forum |
Replies |
Last Post |
|
Bank Stocks
|
Paws |
Active Investing, Market Strategies & Alternative Assets |
469 |
05-18-2009 01:33 PM |
|
GMAC Bank
|
Allegany |
FIRE and Money |
7 |
09-16-2007 07:09 PM |
|
Anyone like bank stocks?
|
Hamlet |
Active Investing, Market Strategies & Alternative Assets |
76 |
08-14-2007 03:31 PM |
|
Bank of America
|
2B |
Active Investing, Market Strategies & Alternative Assets |
16 |
08-04-2007 02:53 PM |
|
Bank of America
|
CoolChange |
FIRE and Money |
22 |
05-01-2007 04:17 PM |
|
» Recent Threads
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
» Quick Links
|
|
|
