Countrywide Bank

Countrywide Bank is a subsidiary of a financial holding company, Countrywide Financial Corporation. The bank is also an affiliated member of FDIC or Federal Deposit Insurance Corporation. It was introduced on May 17, 2001 as a banking division of Countrywide Financial Corporation. The parent company began to venture into banking following its acquisition of the Treasury Bank. Treasury Bank is an FSB or Federal savings bank division of Countrywide Bank. The other bank segments of CFC are Commercial Warehouse Lending and Countrywide Investment Services, Inc.

Countrywide Bank is a financial service provider that offers diversified banking products and services to its markets. The bank caters to retail banking and internet banking. It can provide a great deal of savings account, certificate of deposits, money market accounts and credit cards.

The bank’s service mark named SavingsLink can provide bank clients with different features and advantages. It is an online banking service of the bank than can gain clients with unlimited access. Deposits made for this kind of online service can be availed from the bank. Currently, it would require clients to have a minimum deposited amount of one thousand dollars to open an account in SavingsLink.

Countrywide Bank rates have been known to be higher compared to other banks and its interest rate offers have been recognized to be one of the highest in the financial industry of America. The bank focuses on this kind of strategy for it aims for providing customers with greater advantage as they place their trust to the bank through deposits. The bank’s annual percentage yield can be as high as 5.40 %. This feature is integrated in the bank’s service brand SavingsLink.

Other features that can be found in the online service mark can include free fund transfer from bank to bank. Likewise, deposits made by the clients to the bank are insured through FDIC. Moreover, clients of the bank can use Countrywide Bank’s online banking to access funds deposited in the bank 24/7.

Clients who wish to gain access to ATM and can have the opportunity to issue checks can opt for the money market account. Countrywide Bank money market account can provide individuals and clients with certain benefits as well as other premium advantages. Clients can deposit their money on their account without restrictions. They can make unlimited deposits to their money market accounts. The deposits are insured by the FDIC; however, the amount insurable is regulated by the carrier.

Countrywide Bank money market rates are among the highest in America. Depositors can have the advantage for attaining higher return in their deposits. The annual percentage yield of the money market account of the bank can reach as high as 5.25%. It may take a client to open an account with minimum balance of one thousand dollars.

Another way to enhance the amount of deposits in Countrywide Bank is by opening an account in time deposit or certificate of deposits. This is for individuals who want to have limited access of their money and desire to earn a fixed interest rate income from deposits. This is a kind of savings deposit that can really earn more saved money.

Countrywide Bank CD rates are among the highest in America and the APY can reach up to 5.40%. Depositors can yield an accumulated amount of money from the bank. The bank can give depositors with the optional terms to gain access of their time deposits. The term can start from 3 months and may reach up to 84 months.

Countrywide Bank rates can be flexible. The higher the amount deposited, the higher can be the interest income. The interest rates calculated may also vary to the amount maintained on the account of depositors in the bank.

Checking Countrywide Bank’ website can provide clients with more information about its products and services. The website is also open for those who wish to open an account from the bank and are situated on the bank’s geographic market.