Countrywide Bank is currently offering great a 6 month 5.45% APY internet Certificate of Deposit. This is the highest CD rate out of Countrywide Bank’s CD tier, the only other great rate worth looking at is the 9 month 5.15% APY, you can find the complete chart here.
The minimum deposit on this 6 month CD is a little bit high at $10,000. Interest on this CD will compound daily with monthly checks available. As far as money transfer goes, you can do it by ACH transfer ini 3 business days or you can write a check and mail it in.
There is currently news circulating around the internet regarding Countrywide Bank’s shares dropping and making up bankruptcy stories. You can read the complete store here at Bank Deals. Thus I would suggest anyone who is interested in this CD to stay under the FDIC insured limit of $100,000.