Save for a vacation, home, education, or a more secure retirement. Interest is paid on bal¬ances of $50 and greater. You receive a statement quarterly. An excessive transaction fee of $2.00 will be imposed for each withdrawal in excess of 3 per month. We also offer children’s (minor) savings accounts.
We pay competitive interest rates. The minimum deposit to open this type of account is $500. The annual percentage yield (APY) is determined at the time of deposit. A substantial interest penalty is required for early withdrawal. For your convenience most of our certificates are automatically renewed.
Your investment is safe with Millennial Bank since your IRA deposits are separately insured up to $250,000 by the FDIC. A minimum investment of $250 is re¬quired to open an account, and as with a traditional Certificate of Deposit, a substantial interest penalty is required for early withdrawal.
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Your privacy is very important to us. We would like to advise you that Internet email is not secure. Please do not submit any information that you consider confidential. We recommend you do not include your social security or account number or other specific identifying information.
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