The Web page of Freedom Star National Bank in Phoenix promises 18% certificates of deposit and confidentiality from the prying eyes of the Internal Revenue Service.

"We are a mail-order bank that pays the highest interest rates in the nation," its Internet site boasts.

Limited Time Offer

Save $400 off your subscription. Special offer ends April 30, 2017.

14-Day Free Trial

No credit card required. Complete access to articles, breaking news and industry data.