9-month CD Special of Millennium Bank Virginia Yields 4.25% APY
Short term CD promos being run by Millennium Bank in Virginia have competitive gains at 4.25% APY for a 9-month term and 3.6% APY for a 3-month program. A $5000 minimum deposit is required for these CD rates.
The bank has expanded its services and is now accepting applications from any state. Previously, they were only accepting clients from Virginia, DC, and Maryland for these specials.
They have branches in Warrenton, Sterling, Herndon, and Reston in Virginia.
For people who cannot drop by their offices, an online application can be downloaded. The bank will require 2 proofs of identification. The bank will recognize the application based on the post mark and will serve as basis for the rates.
Bank representatives disclose that there is a grace period of 10 days for the CD programs. They also require written instructions to close a certificate of deposit. Domestic wire transfers will cause a client $25.
The bank has been FDIC insured since 1999 with certificate # 35906. Bankrate.com issues a 4 star review, mixed with Bauerfinancial’s rating of 2 stars.
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The 4.25% CD has ended. The yield has dropped to 3.75% APY.
Comment by Ken — November 11, 2008 @ 3:02 pm