Countrywide Bank is offering a 12 month IRA CD at 2.00%APY for consumer accounts opened via the internet. The minimum deposit to open the account and obtain the APY is $2,500. This rate is in effect April 20, 2009 but may change at any time without prior notice from the bank.
The bank is the banking division of Countrywide Financial who have become a wholly owned subsidiary of Bank of America Corporation and who have become the nation’s leading home loan provider. The company has been in the mortgage business for nearly 40 years.
Countrywide Bank is an FDIC insured bank so money should be safe as it is backed by federal insurance.