Countrywide and E-Loan Raise Rates while Treasury rates fall sharply

On Friday, August 17, Countrywide increased its offering on 3-month, 6-month and 1-year CDs above those offered by its competitors. E-Loan now has the most compelling 2-year and 3-year CD rates. These increases have occurred in spite of a sharp decline in Treasuries the previous day.

On Friday, August 17, Countrywide increased its offering on 3-month, 6-month and 1-year CDs above those offered by its competitors.  E-Loan now has the most compelling 2-year and 3-year CD rates.  These increases have occurred in spite of a sharp decline in Treasuries the previous day.

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Comments

  • Nelle

    August 18, 2007

    A guaranteed rate of 5.5% for 3 months sounds very tempting. Does anyone have any experience with Countrywide's CDs? How is their customer service? How long does it take to open an account? Thanks.

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