Dedicated to Deposits: Deals, Data, and Discussion

Countrywide Bank's High Yield 6-Month CDs

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Countrywide Bank continues to offer a very competitive 6-month CD rate, but unfortunately, the rates have been declining just like the rates at most other banks. The rates do vary by state and sometimes by branch. A reader informed me that a new Countrywide Financial Center in Bellevue, Washington (10800 Ne 8th St, Bellevue - 425-453-7300) is offering a yield of 5.55% APY. The best that's listed at Countrywide's website is 5.45% APY for the rest of Washington State and also for California and Colorado. Lower yields are available in other states but most seem to be at least 5 basis points higher than what's available from the internet.

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.

Thanks to the reader who emailed me info on the Bellevue CD rate.

  Tags: Washington, CD rates, IRA rates

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