These short term rates continue to be way ahead of the rates offered by most other banks. This started back in August when its credit crunch problems made headlines. Countrywide's release of third quarter earnings today still shows problems. However, they've been able to convince Wall Street that things are turning around. Even though it reported a $1.2 billion loss for the third quarter (its first quarterly loss in 25 years), Countrywide shares are currently trading up 31% today (see CNN Money article).
As I mentioned in my previous 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 CDs, please refer to this post, and for more info on the savingslink account, please see this post.
To review Countrywide Bank's FDIC information, please see their FDIC page.