Dedicated to Deposits: Deals, Data, and Discussion

4.25% 9-Month CD at Millennium Bank in Virginia

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Millennium Bank is offering a special 4.25% APY 9-month CD. The minimum deposit is $5,000.

According to the rate table, "New Accounts will be opened only for accounts in the following areas: Virginia, Maryland & DC."

Branches are located in the Virginia cities of Reston, Herndon, Sterling and Warrenton.

This Millennium Bank should not be confused with the offshore non-FDIC Millennium Bank that I researched in 2005. This Virginia Millennium Bank is a US bank that has been FDIC insured since 1999 (FDIC Certificate # 35096). The bank's financial ratings for soundness are mixed: 4 stars (sound) at Bankrate.com and 2 stars (problematic) at BauerFinancial. Both are based on 6/30/08 data. This is the first time that I've seen the Bankrate's rating being two stars above BauerFinancial's rating.

  Tags: Virginia, CD rates

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