Jumbo CD Investments - CD Rates Blog » Countrywide Bank Savings Rate

Countrywide Bank Savings Rate - Updated 7/8/08

July 8, 2008 on 7:17 am | In Best Savings Rates |

Countrywide Bank is offering high rates on their savings accounts, money markets and CDs.

[Side Note: On 7/01/08 Bank of America completed its acquisition of Countrywide Financial Corp. At this point, Countrywide Bank is remaining separately insured from Bank of America. However, it is likely that at some point it will be merged in.]

For $50,000 and above, the savings rate is 3.65% APY. Updated 07/08/2008.

They have over $121 Billion dollars in assets and are FDIC insured. Their FDIC# is 33143.

Countrywide Bank Savings Rate

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2 Comments »

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Very nice but still very low interest rates, isn’t it? I found a very exceptional rate for a high interest cd at http://www.themoneymakers.org/englishindex.html Is there any expert who can give me more information on this offer.

Comment by Conny Busch — September 9, 2008 #
A comment has been made before about this on the blog so I’m a little suspecious about whether “Connie” has a real question or is just leaving a link. Especially because of how the original link was left.

Other than the website in the above comment I haven’t found much information on this CD. In the past I’ve tried to goto the website for the PDIC (Philippine Deposit Insurance Corporation) and it doesn’t open.

Since the “bank” offering the CD is outside of the US, you won’t have much recourse if something should go awry.

So yes our savings rates are low, but you aren’t going to lose your principal either. We know the FDIC pays out when banks fail and we don’t have to worry about chasing failed banks down.

Comment by Administrator — September 9, 2008 #