Millennium Bank 6 Month CD Rate Special

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Millennium Bank if offering a 6 month Certificate of Deposit that currently has a 3.25% APY. The special rate is a promotion rate and the offer can be withdrawn at any time. The minimum opening deposit $1,000.

The Bank may impose a penalty for early withdrawal from a CD. Millennium Bank also uses the daily balance method to calculate interest on accounts. This method applies a daily rate to the principle in the account each day.



Millennium Bank's terms and conditions for the CD account


  • Minimum Opening Balance: $1,000.00


  • Interest on the CD account will be compounded and paid quarterly.


  • You can choose to have interest paid by check or transferred to another Account.


  • The Certificate of Deposit will automatically be renewed at maturity for an equal term at the then current rate.


  • 10 Business day grace period after the maturity date to withdrawal funds without being charged for an early withdrawal penalty (you will be sent a reminder before the CD matures and confirmation of the renewal)


  • There are early withdrawal penalties based on the term of the CD.


At this time the bank does not allow you to open a CD online or over the phone, you will have to visit a Millennium bank branch location to open an account.


 

 
Author: Brian McKay
July 23rd, 2008