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Old 05-23-2008
alan's Avatar
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Default Millennium Bank Premium Premium Certificates of Deposit

Does anyone have any certificates of deposit investments with this bank??

Premium CD : Certified Deposit : Millennium Bank

I cam across it casually browsing the net and I am attracted by the very high yield they offer on their longer term CDs.

They say that "Millennium Bank is a subsidiary of United Trust of Switzerland, SA, a Swiss-registered private trust company that was founded in 1931"

But I wonder if it's safe to park large amounts of money in their CDs?

Hope to get some feedback soon.

Cheers,
Alan
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