Re: Tahiti Village

On Mar 21, 1:56 am, Walt <n...@xxxxxxxxx> wrote:

With traditional CD's, including Millenium's, you can redeem them early
by forfeiting a certain amount of interest. The way I read Millenium's
website, their "premium" higher-interest CD's can't be redeemed early
under any circumstances.

<Doing my best Dana Carvey Johnny Carson imitation>

I did not know that.

Swiss banks have that reputation, but Millenium was established on the
island of St. Vincent and so presumably is governed by St. Vincent law.

Good point.

And what kind of investments are they making that allow them to pay
those higher yields? Higher interest rates usually entail higher risk.

Oil?

I'm not judging Millenium. I don't know anything about them beyond
what's on their website. But a prudent U.S. investor might want to
look into these issues before sending his money out of the country.

Absolutely. And don't foget to invest only what you can afford to
lose.


--EE--

.

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