Countrywide Bank has given a decrease to the CD interest rates, Countrywide Bank still is a leading CD provider inside the banking market, who maintain a generous CD interest rate. Nationally the new yeild that Countrywide Bank is giving customers is 5.50% APY CD rate. The required first deposit for this CD interest rate is high, $10,000. People that are Californians are given a 10 more basis points on any type of CD that is short term.
Countrywide is giving this CD rate, and according to the Wall Street Journal the banking company is getting around 40$ million dollars a day in new deposits each and every day. These increases in profit for Countrywide has allowed them to fund the new mortgage loan setup that Countrywide has recently opened.
Interesting developments for the Countrywide Bank, remember you can be insured up to one hundred thousand dollars, remember this when opening a CD account.