bank rates

Countrywide Bank 5.50% CD Rate

Posted in Bank CD Rates by Bankaholic
September 30, 2007 08:07 PM - 8 Comments

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.

Comments (8)
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  1. JacMac said:
    on November 5th at 08:14 pm

    As of today, 11/5/07 Countrywide has dropped this rate to 5.35% — I was just one of their financial centers. It’s still a good rate though not as good as it was last week.

  2. Las said:
    on December 7th at 07:17 pm

    A few months back, just about at the time when the subprime fiasco started I walked into a local Countrywide Branch with the intent to open a new CD; at that time @5.65%. The money was never transfered since we decided that a few fractional points in the interest rate are not worth the risk.

  3. J Kohler said:
    on January 20th at 03:04 pm

    I have been banking with Countrywide with NO problems. The accts. are easy to open. To date I’ve only done increments of 10,000 but I’m ready to go bigger as they have earned my trust.

  4. Allen B said:
    on May 15th at 08:21 am

    Where is there a Countrywide in New York?

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