Countrywide Bank 5.65% 12-months CD rates
Published by fanmoney August 21st, 2007 in Best CD Rates 
Countrywide is offering a 12-month 5.65% APY Certificate of Deposit for any zip codes in the United States. A well established bank founded in 2001, part of the Countrywide Financial Corporation acquisition and a member of the Federal Deposit Insurance Corporation (FDIC). Countrywide today is America’s top homeloan lender, helping millions of families find their dream home ownership. Countrywide also founded a mortgage education school to educate consumers with knowledge they need before making a purchase. By comparing the CD rates today, Countrywide CD rate stands out not only because its 5.65% APY but also it’s from a stable bank. However, the only downside to this great rate is the require minimum deposit of $10,000. But then again would you want to put your hard earned money in a new and unknown bank with a great rate and no deposit requirements?
Personally, I have invested in their CD in mid August of 2005. The experience was easy and the rates were very competitive as I recall. To open an account with Countrywide Bank, simple go on their homepage and select Certificate Deposits under the banking tab. If you have any further questions you can contact their customer support at 1-800-283-8875. Because Countrywide is known to be an mortgage lending bank, thus great Certificate of Deposits are rare because this is not their specialty field. Take advantage of this deal and act quickly.
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NASA FCU bank is offering a 5.65% 7 month min $5,000 CD. I think it’s a much better deal because of the lower min and month.
I totally agree with you about putting your money in a trusted bank, I ran into a few problems back in the days when I invested in high rate savings account with some small banks out of state. Thanks to the FDIC or else my money wouldve gone down the drain when the bank went out of business.
Amex gold is a great deal, but I think you’ll have to wait 6-8 weeks before the points show up on your account…
just got myself an American Express Business gold! let’s hope it will look good in peron =)
I think Countrywide is big enough to weather its current storm. If you aren’t sure about putting your funds there for a year, they have a great six-month CD. I would caution against putting all funds in short-term investments though.
Check-out our Historical CD Rates
ChrisCD
Jumbo CD Investments, Inc.
I just don’t feel comfortable giving my money to the one company that single handedly is responsible for bringing down the world finances.
Any bank, credit union, or individual that took advantage of super low rates to get into or help someone get into a bigger house than they could afford is responsible for the current state of affairs.
I believe in free markets, but by in large there is nothing restraining the people running them and partaking in them.
If rates hadn’t risen to the current level, you would have 1000s singing their praises. But people and companies took the risk, and unfortunately the rates moved against them.
ChrisCD
Jumbo CD Investments, Inc.
NOT TO SAY THAT IT WAS THE BANK OR THE PERSON BUT IF THE BANK WAS MORE TRUST WORTHY AND CARED ABOUT ITS CONSUMER MORE THAN MAYBE THOSE PEOPLE THAT WERE STUPID ENOUGH TO PUT THEMSELVES IN THE HOUSING MONEY CRUCH ARE TO BLAME AS WELL AS THE BANK.
STUPID PEOPLE STUPID BANK.
WHAT MORE COULD IT BE.