Countrywide Bank is offering an online 3 month CD of 5.45% APY with $10,000 minimum deposit. The interest on this certificate of deposit is 5.30% and it has an early withdraw penalty of 91 days of simple interest. This special CD rate can only be applied online and there are no fees associated with it. Once your application is approved, there are three major ways of transferring the funds over. You can wire it over, transfer it electronically, or you can always mail in a check. Countrywide is a trusted bank with FDIC insured deposits of up to $100,000.
Countrywide Bank is also offering a promotional 3 month certificate of deposit of 5.50% APY only if you call in and open the account over the phone. This is their promotional special and there wasn’t too much advertising associated with it. Their direct number is
Although Countrywide has been in the press lately for their involvement in the sub-prime mortgage meltdown, CD account and money market deposits are insured by the FDIC up to $100,000. In addition, many Bankaholic readers have reported to have very good experiences with their online banking department.