Countrywide Bank is now offering 4.75% on 6 month CDs.

[randomness]

Can you say "desperate for cash"? All I can say is, if you take them up on their offer, make sure your balances don't exceed the FDIC insured maximum.

https://bank.countrywide.com/default.aspx, 4.75% APY for 6 month CD; Internet rate for $10,000 minimum balance, offer as of 9 February 2008.

Comments

[elisaana.livejournal.com]

Are CDs FDIC insured? That would be thing to triple-check....

Also, I find it amusing that Countrywide webmasters choose for the main link to be not "home" or "index" but "default"...

Self-reply FTW!

[elisaana.livejournal.com]

Also, I seem to recall that ING was in a similar ballpark of interest rate without the $10,000 minimum.

Re: Self-reply FTW!

[ishaa.livejournal.com]

They were. Mine came down to 3.40% when the Fed cut rates, though.

Re: Self-reply FTW!

[r-ness.livejournal.com]

Coke. :)

Re: Self-reply FTW!

[ishaa.livejournal.com]

As in jinx, someone owes someone one? :)

Re: Self-reply FTW!

[r-ness.livejournal.com]

Exactly. :)

Re: Self-reply FTW!

[r-ness.livejournal.com]

Alas, ING seems to have lowered its rates. The six month is down to a 3.65% APY. See http://home.ingdirect.com/products/products.asp?s=OrangeCD.

bankrate.com is good for comparisons of this sort.

[r-ness.livejournal.com]

Are CDs FDIC insured?

So they say: "FDIC insured to the regulatory maximum"

I find it amusing that Countrywide webmasters choose for the main link to be not "home" or "index" but "default"...

Heh, heh, heh...