Countrywide Bank CD Rates
Many people associate Countrywide Bank with mortgage lending, and with good reason — Countrywide issues about one out of every five mortgages in the United States. However, Best CD Rates Info was curious to review Countrywide CD Rates to find out how their best CD rates compare to other banks.
Countrywide Bank offers certificates of deposit ranging from 3 months to 84 months in the length of their terms, with interest rates varying with the length of the term. Two Country wide CD rates in particular caught our attention.
For investors looking for a short term CD, the 12 Month Countrywide Bank CD is currently being offered with an Annual Percentage Yield of 3.90 percent. That’s a pretty good rate for only a twelve month CD. The minimum deposit for this CD is $10,000.
For those looking for a longer term, high interest CD, the 48 Month Countrywide Bank CD is currently being advertised with a 4.20 percent Annual Percentage Yield. That’s a respectable rate for a four year certificate of deposit, and the minimum deposit for this CD is also $10,000. Countrywide is also currenlty offering this same rate in its 60 month CD. While there are no service fees on these Countrywide CDs, there is a penalty for early withdrawal.
Important Note: The rates mentioned in this article are the internet rates, but be sure to check your local rates at the Countrywide web site. A quick search found that some zip codes have APYs of 4.55 on the longer-term CDs.
If you are using a CD ladder investment technique, these high interest short term and long term CDs could fill a couple of the “rungs” on your ladder. Countrywide CDs are insured to the maximum required by the FDIC. CD rates can change often and may vary by region, so be sure to check the Countrywide web site to confirm the current rates and terms that are available in your area.