Comments on: Countrywide Bank 5.65% APY 12-month CD

By: Spoiler

Spoiler — Tue, 01 Apr 2008 16:26:40 +0000

Could anybody twell me how save Countrywide Bank is these days.
I am ready to invest $ 100,000.00 in a CD for the going rate of 4.20%.
Thanks for your reply.

By: Steve

Steve — Fri, 14 Mar 2008 23:10:09 +0000

I have a CD with Counrty wide for $200k due May 16th. I have used my living trust as my beneficiary which lists my three children . If the bank were to fail, which i don ‘t beleive it will, I would be covered for $300k.Time will tell i will report back how things went.

By: J. Caruso

J. Caruso — Fri, 16 Nov 2007 05:05:13 +0000

Countrywide Bank swindled my 76 year mother which put her into debt. When my dad passed away, country wide called her and convinced her to borrow on her house which was by the way was almost paid for. To make the story short, they gave her money while she was on pension only. Years passed she then could not pay them back because they slowly increased the APR which in the long run…. she had to sell her house.
You see my mom would not tell us children what had happened to her until the end. Thank you Countrywide for taking advantage of the elderly!

By: Tanya Cunningham

Tanya Cunningham — Mon, 15 Oct 2007 12:55:20 +0000

Don’t you think for a moment that it would be a blow to the business if everyone thinks that banking side is having trouble, so they pull out!

Not having people use the bank will hurt the bank! It’s FDIC insured people!

I trust Countrywide Bank with my money. I don’t have a mortgage through them….

By: maureen

maureen — Mon, 17 Sep 2007 15:41:19 +0000

I have found Countrywide to be very reliable. The mortagage company, separate, is the one that is having financial trouble, I believe. I did find it disquieting to have to wait for the money due rather then immediate.

By: Susan S.

Susan S. — Sat, 08 Sep 2007 23:33:21 +0000

Tom B., your statement is ignorant. Countrywide has not failed as of yet, and regardless of the outcome of it’s current troubles, deposits are insured. Indeed if it does fail, it could partly be due to those such as yourself who don’t know any better.

By: Dr. Calvin H. Sturgies

Dr. Calvin H. Sturgies — Sat, 18 Aug 2007 21:39:25 +0000

I just completed a no cost, ten year fixed interest only loan with Countrywide. My credit was excellent, and my LTV was in the attractive range. I found Countrywide to deliver on everything it promised. I had explored refinancing with several lenders. Countrywide had the most attractive offering. The individuals handling my loan were knowledgeable and helpful throughout the process. No pushing or fast shuffling. I would use them again–and refer others to them–without reservation. Please let me know if these comments reach the executive offices; if not, I will need to send a separate note.
I am a really satisfied customer!

Cal in California

By: Tom B

Tom B — Sat, 18 Aug 2007 03:15:49 +0000

Take your money out and run as fast as you can from this failed bank.

By: Toby Felaine

Toby Felaine — Fri, 17 Aug 2007 20:39:16 +0000

Country wide stable? Lets hope so that the walls don’t cave in as the people who are trying to get their money back press against them.

Toby , Stormville, NY

By: A.A.J.F.-New Paltz,NY

A.A.J.F.-New Paltz,NY — Sat, 10 Mar 2007 11:58:36 +0000

3/10/07-Countrywide remains among the those banks that are very reliable and secure. I ‘ve had multiple Jumbo CD accounts with them over the past 3 years and still invest with them when practical. Their custom relations personnel are not only courteous but quite competent.
Respectfully submitted-A.A.J.F -New Paltz, NY