Executive Summary

The purpose of this feature is to provide our readers with a convenient and abbreviated overview of Millennium Bank’s services and business values. On the left side of this page you have direct access to the interest rates that we offer, various fees, interest rate calculator and currency conversion calculator.  We hope you find it useful and invite you to consult our website www.mlnbank.com for a more comprehensive information package and ways to contact us.  
           
Because we are committed to sound business practices and have access to a wide range of global investment opportunities, Millennium Bank can offer clients from around the world highly competitive interest rates. Because we are located in St. Vincent and the Grenadines, a tax-free jurisdiction, the income derived from deposits is not taxable. 

For example, an investment of $100,000.00 over five years at the current compound interest rate of 7.75% in one of our Premium Certificates of Deposit (CD’s) will grow to $145,240.05 over five years.  The earned interest of $45,240.05 is tax-exempt in St. Vincent and the Grenadines, a tax free jurisdiction.

Compare this advantage with investment opportunities offered by financial institutions in your country.  Not only are the rates of return in your country much lower but you must pay income tax on the income earned from the investment.

What is the catch?  Deposits in most countries are protected by a form of deposit insurance. Deposits in international private banks are not. It is therefore important to choose an international private financial institution that is strong.  Millennium Bank is strong.     

Millennium Bank is a subsidiary of United Trust of Switzerland S.A., a Swiss-registered private trust company established in 1931. United Trust of Switzerland S.A.’s extensive experience in financial services provides Millennium Bank with a solid foundation and its clients with added peace of mind.     

This business relationship allows Millennium Bank to provide other convenient services for clients by providing direct access to correspondent banking privileges.  These include rapid cross-border multi-currency transactions, maximum privacy options as well as a long-established and respected relationship with the American and European banking and investment communities.

It also provides Millennium Bank with global access to exclusive investment opportunities.   With this gateway to investment opportunities, we have a significant edge on our competitors. At the end of the day, what this means is greater security and peace of mind for our clients.

We are particularly proud to post on our website an official Mission Statement outlining Millennium Bank’s business ethics, operating principles and devotion to high quality services for our clients. Millennium Bank stands by its business practices and unwavering integrity.