I have seen the brochure and it is not a 9.65% yield. It is and I quote "Monthly increasing interest reaching a rate equivalent to as high as 9.65% Annually". So it is something like this: 1% (1st month) 2% (2nd month) ... 9.65%(last month). And so if you average them out it would be something like 5%. And it sucks because you have to freeze your money for 18 month; I would hate to freeze my money for this period of time in this bad economy. I would prefer the 1 month or 3 month maturity for quick investment liquidation.