No. of Recommendations: 0
Just checked that Countrywide Bank (part of the Countrywide Financial Corp.) is offering FDIC insured 5.65% APY online one year CD.

Anybody care to comment on the offer with the backdrop of the crisis going on at Countrywide Financial Corp?


If it is FDIC insured, you should get your money back, even if they go broke. But you can probably find a 1-year CD elsewhere pretty close, so it may not be worth the risk.
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