Best bank rate provided by Countrywide Bank has been furnished below. The Countrywide Bank has won accolades for offering best interest rates as compared to the other financial institutions. The article below highlights the various financial products and the interest rates offered by the Bank.
Countrywide Financial Corporation has Countrywide Bank as one of the companies under its banner. The Countrywide Bank was set up in the year 2001 in the month of May after Countrywide Financial Corporation or CFC acquired Treasury Bank.
Among the bank rates offered by financial institutions, the rate offered by Countrywide Bank has been regarded as the best.
Aim of the Countrywide Bank:
Extending quality service to the customers and more returns for their money
The main aim of Countrywide bank is to extend quality service to the customers and one primary aspect, which makes this bank different from other financial institutions is the best bank rate provided by Countrywide Bank.
By maintaining a low overhead the bank is able to have satisfying cost savings. Interest rates pertaining to CDs or Certificates of Deposit as well as savings products have considerably high rates of interest. In other words, the bank aims at giving more returns to its customers.
Bank Rate for Certificates of Deposits and IRA CDs or Investment Retirement Account CDs (as of 19/03/08):
The best bank rates are provided for the above instruments depending on the following criteria:
If the investment amount is between USD$10,000 to $97,999 and the duration of the CD is 6 months, the APY or the Annual Percentage Yield will be 4.05%.
When investment amount lies in the range $10,000 to $97,999 and the duration for which the amount has been invested is 36 months, APY or the annual percentage yield would be 3.25%.
The APY or the Annual Percentage Yield would be 3.25% if the duration of the CD is 84 months for amount ranging as mentioned above.
Interest rates in the Money Market:
If the investment amount ranges between $50,000 to $99,999, the interest rate would be 3.68%.
If the amount invested is between $10,000 to $49,999, the rate of interest would be 3.44%.
When the investment amount is between $100,000 to $2,499,999, the interest rate would be 3.68%.
To wind it up, the bank boasts of the following services it offers:
As said in the preceding paragraph, the interest rates on financial products are the best.
The bank sees to it that the financial objective of the customer is met.
Assistance round the clock.
Last Updated on : 30th July 2013