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Is Anyone Familiar With A Savings Vehicle Known As The Peter Newmann Investment Club

Anonymous   |     |   2,235 posts since 2010

Is anyone familiar with a savings vehicle known as the Peter Newmann Investment Club? The info at the organization's web site describes this savings account as one for which funds are available upon request and advertises an APR of "2.50 - 3.50%." The site promises a $50 bonus for acounts opened before May 1. A domestic address  and phone number are provided. Am very curious if any readers have had any experience with this outfit, which asserrts that it has been in existence since the mid-90s. It is very up-front about the lack of deposit insurance.