6.5 % APY to 8.75 APY rates on CD's
#1
03-02-2007, 08:53 AM
6.5 % APY to 8.75 APY rates on CD's
Millennium Bank
Financial Services Centre Stoney Ground, Kingstown St. Vincent and the Grenadines, West Indies (W.I.) http://www.mlnbank.com/Services/premCDs.htm Premium Certificate Minimum Deposit Interest Rate 1 Year CD $5,000 6.50% $25,000 7.00% $100,000 7.50% 3 Year CD $5,000 6.75% $25,000 7.25% $100,000 7.75% 4 Year CD $5,000 7.25% $25,000 7.75% $100,000 8.25% 5 Year CD $5,000 7.50% $25,000 8.25% $100,000 8.75% These rates seem too high. Anybody know anything about this bank? SAFE?
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Greetings from Yakima
#3
03-02-2007, 12:57 PM
Join Date: Jun 2003
Location: Portland, OR
Posts: 1,924
Check out Clark Howard's website, he addresses these off shore banks. He also recommends that you look into such banks as ING and HBSC where you can get a FDIC CD for about 5.25%.
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#4
03-02-2007, 03:12 PM
I do have money in TABB bank which is owned by the Flying J. They are paying 5.25% on savings accounts.
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Greetings from Yakima
#5
03-03-2007, 03:57 AM
use the "safe and sound" review system at bankrate. com to check on a particular bank and to check rates. you should look into an online money market account that has a high yield, is fdic insured, and you are not locked into a year. you can transfer money online between it and your checking account at any time.
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