matildarocky[at]yahoo.com (Karen) wrote in message news:<d0571d07.0409031301.7df27c35[at]posting.google.com> ...
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I was looking into this bank also. Their base bank is located outside
US. They have a small branch in US. They said "they guarentee the
principle." However, I think there are still many risks, because what
if they disappear after we gave them the money?

-luu

Karen <matildarocky[at]yahoo.com> wrote:
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The bank is in St. Vincent. You may not have any legal recourse for
getting your money back.

--
Ron

Karen wrote:
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Karen,
There are a few pockets in the world of investing where it's possible to
stumble across an unusually good deal that people haven't noticed yet.

CDs aren't one of them, there are no free lunches with that kind of
investment. When a one-year CD pays 7% at a time that the average yield
on 1-year CDs is 2.2%, something's up. It's a riskier investment than
the FDIC insured 2% CD, period.

Meaning "you might not get all of the interest paid to you, you might
not get all of your money back, there might be some strings attached, or
all of the above." And the trick is figuring out what the risks are and
whether the extra 5% is enough compensation for taking on that risk.

-Tad

matildarocky[at]yahoo.com (Karen) writes:

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You could.

--
Rich Carreiro rlcarr[at]animato.arlington.ma.us

http://www.mlnbank.com/prem_cds.html

This bank states that it will pay 7% on $100,000 1 year CDs. Is this
bank trustworthy or even a real bank? With no FDIC insurance, if it
goes bankrupt, would I lose everything?