Countrywide Bank still has the highest CD rates around at 4.45% APY on a 6 month CD with a $10,000 minimum deposit requirement. Their online savings account APY is also very high at 4.50% however this rate is variable and subject to change at any time. With a 6 month certificate of deposit you can lock in your high rate. Online savings account interest rates are volatile; CDs allow you to lock in a good rate.
You can be assured that your money is safe (up to 100,000 dollars) at Countrywide since they are FDIC insured.
1 users responded " Countrywide Bank-high CD APY for 6 month CDs "
August 16 2008
If you open a CD account through the Certificate of Deposit Registry Service or CDARS, you get up to $50 million in FDIC insurance protection. Well capitalized Banks register with the service and it’s overseen by the FDIC. You open a CD account with one bank, they spread your money around so you stay under the $100,000 limit, you get one statement and the same CD rate from all the banks your money is deposit in.