5% CD’s at Millenium Bank
180 Day CD’s at 5%, minimum to open is $1000.00. What’s interesting to me is that they have a branch about 2 minutes away from my office and three locations around Northern Virginia. If you’re out in DC or MD, it might not be worth the drive on the Dulles Toll Road to get here ($2.00 round trip in tolls), but since it’s so close by, I can’t ignore it.
Millennium is a very small bank which might be why Bankrate doesn’t rate it very highly. Per the Wall Street Journal this weekend, the Green Thumb article by Ron Lieber (bottom box front page of the Money and Investing section), it’s rated ‘Performing’, which is the middle ranking of 5 categories.
I’m going to have to consider opening an account here next week after transferring some money around. I hope this rate lasts long enough for me to do that.
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