Dedicated to Deposits: Deals, Data, and Discussion

5.55% 6-Month CD at Countrywide Bank in Some States

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Countrywide Bank's best internet rate is currently 5.40% APY for a 6-month term. But residents of certain states can get up to 5.55% APY for the 6-month term. I've verified this for Colorado and California. A yield of 5.45% APY is available in Texas and Florida. There are also higher local rates for the 3, 9 and 12 month terms. The minimum deposit is $10,000.

With the issues Countrywide has been having in its mortgage business (see post), it seems prudent to stay below the FDIC insurance limits. Note, there are many ways to extend your FDIC coverage over $100K. However, you have to be careful, especially if you use POD's. Please see this post for more info.

For more info on Countrywide's online savingslink account and CDs, please see this post.

To review Countrywide Bank's FDIC information, please see their FDIC page.

  Tags: California, Colorado, CD rates

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Comments
3 Comments.
Comment #1 by njmacuser (anonymous) posted on
njmacuser
The 5.45% CD is also available in New Jersey

1
Comment #2 by Anonymous posted on
Anonymous
indymac 4month 5.65 apy looks attractive than this one.

1
Comment #3 by Anonymous posted on
Anonymous
There's no more 5.65 IndyMac CD.

1