Top CD Rates » Countrywide Bank

Countrywide Raises Long Term CDs

Top CD Rates — Sun, 20 Apr 2008 01:48:53 +0000

Countrywide Bank has recently raised their long term CD rates by several basis points. All CDs over 18 months have been increased. 18 month CDs now yield 4.10% APY, while 3-5 year CDs yield 4.50% APY, some of the highest rates available. Countrywide CD’s all have a $10,000 minimum balance and are FDIC insured up to $100,000.

91 days of interest early withdrawal penalty for terms under 12 months
180 days of interest early withdrawal penalty for terms of 12 to 60 months
Grace period at maturity when you can close without penalty is 10 calendar days
No hard credit inquiries for opening CDs or savings accounts
CD funding options: mail a check, wire transfer, or drop off check at a CW financial center

Countrywide has had its share of subprime mortgage problems recently, and Bank of America is supposed to be buying out Countrywide. However, with continually deteriorating credit conditions, it would be wise to keep your deposits less than the FDIC insured amount.

Countrywide Bank Business CDs

Top CD Rates — Thu, 29 Nov 2007 23:32:59 +0000

Countrywide bank currently has the highest CD rate available in the 6 month certificate category, with a 5.30% APY. They also offer 5.25% for 3 month CDs and 5.10% for 1 year CDs. Minimum deposit on all CDs is $10,000.

Countrywide is offering higher rates for business certificates of deposits, with 5.35% APY on their 6 month CDs and 5.30% and 5.15% for 3 and 9 month CDs, respectively.

Countrywide Bank CD Rates

Top CD Rates — Mon, 12 Nov 2007 20:45:07 +0000

Countrywide Bank has some of the best current CD rates available online, with rates ranging from 5.00% APY to a high of 5.40% APY for their 6 month CD. A look at their rate table shows some pretty high rates across the board. Minimum balance on Countrywide CDs is $10,000, with balances that can go up to $250,00 and higher.

Part of the reason Countrywide’s rates are so high is because of their recent troubles with the subprime lending crisis. However, if you stay below the FDIC insured $100,000, there shouldn’t be any problems.