EmigrantDirect "My Way" Certificate of Deposit

I just received an email about EmigrantDirect's "MyWay" Certificate of Deposit that pay 5.0% with flexible terms from 9mo to 10 years:

Get the flexibility of choosing your own CD maturity with a low minimum opening deposit of $1,000. This offer is exclusively available to our customers! You may open your CD by transferring funds from your existing American Dream Savings Account in a simple two step process. Open your CD today at www.emigrantdirect.com.

Sincerely,

Kimberly Romano
Director of Operations
EmigrantDirect

According to EmigrantDirect's web site, these "My Way" CDs feature:

• Finally, the flexibility of setting your own terms.


• Low minimum opening deposit of $1,000.


• EmigrantDirect CDs may be opened by existing American Dream Savings Account customers.


• Simple two step process. You need your American Dream Savings Account number available to proceed.