Date: Sun, 26 Sep 2004 04:50:01 CST
From: luu13@hotmail.com (Luan Luu)
Newsgroups: misc.invest.financial-plan
Subject: Re: Millennium Bank
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* 0.9 FROM_ENDS_IN_NUMS From: ends in numbers
matildarocky@yahoo.com (Karen) wrote in message news:...
> http://www.mlnbank.com/prem_cds.html
>
> This bank states that it will pay 7% on $100,000 1 year CDs. Is this
> bank trustworthy or even a real bank? With no FDIC insurance, if it
> goes bankrupt, would I lose everything?
I was looking into this bank also. Their base bank is located outside
US. They have a small branch in US. They said "they guarentee the
principle." However, I think there are still many risks, because what
if they disappear after we gave them the money?
-luu
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