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.
February 19th, 2008
1.15%
1.15%
1.11%