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?

Offshore banking obviously isn't federally insured, it would be risky. I would rather put my money in a bank I can walk into.

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%.

I do have money in TABB bank which is owned by the Flying J. They are paying 5.25% on savings accounts.

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.