FDIC-Insured – Backed by the full faith and credit of the U.S. Government
Personal Savings
Millennial Regular Savings
A traditional account to help you save.
Save for a vacation, home, education, or a more secure retirement. The minimum balance to open this type of account is $50.00. Interest is paid on balances 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.
Certificates of Deposit
Millennial Bank has a wide range of investment certificates of deposit.
We pay competitive interest rates. The minimum balance 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.
Individual Retirement Account (IRA) Certificate of Deposit
An Individual Retirement Account is one of the best tax savings investments for your retirement.
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 $500 is required to open an account. An interest penalty is imposed for early withdrawal.