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[Please note: This page is part of the Chicago CD Rates archive. Most of these deals on this page are not current and no longer available. Please check the date of the post before getting too excited and driving to a bank an hour away. If you have any doubts whether the deal is available, contact the bank or credit union. For a list of more current rates, visit our homepage.]
5.00% 6-month CD and 4.75% savings account at Countrywide Bank
We mentioned last week that Countrywide Bank had a 3-month CD that was earning 5.05% APY. That CD is still available, albeit with a slightly lower rate (5.00% APY), but they’ve also added another great CD: a 6-month CD that earns 5.00%. The minimum on this CD is $10,000, although IRA CDs are also available with a minimum of $2500. Both CDs need to be opened in a Countrywide financial center; the rate drops to 4.90% APY if opened online.
Countrywide also has a savings account, SavingsLink, that is earning 4.75% APY — a drop from 5.00% last week, but still very competitive in today’s market. SavingsLink must be opened online, but once opened you can use any of the financial centers to deposit or withdraw money from the account (as well as online banking).
Countrywide has 13 financial centers in the Chicago area, located in Chicago, Crystal Lake, Elmhurst, Glenview, Highland Park, Joliet, Libertyville, Naperville, Oak Lawn, Orland Park, Plainfield, Schaumburg, and Wheaton.
(Thanks to reader trinidon2k who posted this deal here.)
February 11th, 2008 at 6:47 pm
The rates dropped substantially. 3 months are at 3.95% APY and 6 months are at 4.15% APY. Sigh.
February 15th, 2008 at 12:42 pm
The rates dropped again. 3 months are at 3.75% APY and 6 months are at 4.00% APY.