edit
Help/Support

Forums ›
Finance

countrywide savings account 5%, 10K minimum in: Subjects › Deal

  • filter:
  • Tell A Friend
  • Text Only
  • Search this Topic »
  • Classic
rated:
   posted: Jun. 9, 2006 @ 1:50p
alert mods    

countrywide has an account called savings link if the balance is over 50000 the rate will be 5.0&


http://bank.countrywide.com/landing/sl3.aspx?src=YFINL001D003&tier=50000&time=40

Edit by Moderator: Clarified Title

Message edited by: FatWallet moderator on 2007-12-15 10:08:05 CST
   posted: Jun. 9, 2006 @ 1:50p

Savingslink Rates (updated 6/30/2008):
3.65% APY $250,000
3.65% APY $100,000 - $249,999
3.65% APY $50,000 - $99,999
3.65% APY $10,000 - $49,999
3.00% APY < $10,000

Can link 5 external accounts.

FDIC insured. (Countrywide is a subprime lender.)

Routing Number: 056009110

No Quicken support past version 2004.

Link to Countrywide

1 (business) day ACH transfers! But must schedule 1 business day ahead, and let money rest at CWB for 5 business days before it's available to move out.

Although Countrywide used to do a hard pull for all apps, it has been reported by multiple users that this is no longer true. However, they query ChexSystems for each account (i.e., SavingsLink, each CD, etc.) even though their website and their employees say they don't.

Message edited by: ThursdaysChild on 2008-08-11 12:18:31 CDT

rated:
   posted: Jun. 9, 2006 @ 5:21p
alert mods    

I was thinking of doing this as part of my first app-o-rama since they do a hard pull upon setup.


rated:
   posted: Jun. 9, 2006 @ 9:45p
alert mods    

Where did you get the idea that they do hard pull? I opened several CDs with Countrywide before and never saw any hard pull from them.

vegita2201 said:I was thinking of doing this as part of my first app-o-rama since they do a hard pull upon setup.


rated:
   posted: Jun. 10, 2006 @ 9:02a
alert mods    

ays05 said:Where did you get the idea that they do hard pull?List of Institutions that pull HARD credit inquiries when opening a NON-CREDIT account


rated:
   posted: Jun. 10, 2006 @ 10:20a
alert mods    

ays05 said:Where did you get the idea that they do hard pull? I opened several CDs with Countrywide before and never saw any hard pull from them.


Did you open your CD's in a branch or online? I did a CD with Countrywide recently online and they pulled on me as you can see below from Myfico report. I called the other day to ask if there would be another pull if I opened a savingslink account. CSR told me yes, It is an automated system where the second you fill out an online application for any account with them your report will get pulled. Because of that I declined. More people need to let these banks know we will not do business with them if they can't verify the way most bank manage to do it without a hard pull.

Total number of inquiries resulting from you applying for credit 2

Date Company requesting your credit record
3/4/2006 CNTRYWIDE
8/8/2005 AMTRST ADO


rated:
   posted: Jun. 10, 2006 @ 4:49p
alert mods    

why not just freeze your credit/report...the only time anyone can get into your credit report is if you let them..example a password etc..


rated:
   posted: Jun. 10, 2006 @ 4:54p
alert mods    

jack07002 said:why not just freeze your credit/report...the only time anyone can get into your credit report is if you let them..example a password etc..
Would if I could, But only a couple of States give you the option to do it. Would be fun if I could, Then when the bank tells me they could not get my report I could tell them that they either pay the unfreeze charge or say good bye to my $100k, Bet they would then come up with another way to verify my identity

Message edited by: scott1961 on 2006-06-10 16:58:40 CDT
rated:
   posted: Jun. 12, 2006 @ 12:37p
alert mods    

Has anybody opened a savings account with them? Anybody have any other experience with Country Wide?


rated:
   posted: Jun. 12, 2006 @ 1:08p
alert mods    

I opened a savingslink account with them . Pretty simple and fast, the website is very nice .


rated:
   posted: Jun. 12, 2006 @ 1:14p
alert mods    

eminded22 said:Has anybody opened a savings account with them? Anybody have any other experience with Country Wide?

They are my employer


rated:
   posted: Jun. 12, 2006 @ 1:22p
alert mods    

Do they do online only statements for the SavingsLink account?


rated:
   posted: Jun. 12, 2006 @ 2:31p
alert mods    

i opened up account with them, a money market 100K+
5.00% rate .....their website is fantastic,very well done


rated:
   posted: Jun. 16, 2006 @ 2:11a
alert mods    

How many days did countrywide transfer your money? Did you lose interest during the transfer?


rated:
   posted: Jun. 24, 2006 @ 2:22p
alert mods    

now 5.25% apy , looks like they want to be a major player. csr's knowlegeable , fast ach transfers , excellent website


rated:
   posted: Jun. 24, 2006 @ 6:42p
alert mods    

I Tried to open an account but Equifax has a mistake om my drivers license number and Countrywide refuses to deal with it. They say get Equifax to fix it. I have been trying for six months. Other banks will accept a copy of my license.


rated:
   posted: Jun. 25, 2006 @ 10:57a
alert mods    

decades said:now 5.25% apy , looks like they want to be a major player. csr's knowlegeable , fast ach transfers , excellent website
Sweet! Hello Countrywide 5¼%; so long ($100k of ) Citibank 4¾%.

Decades, I know you mention fast ACH transfers but . . . are the ACH fees worth it? If I understand this correctly, I'd have
FEES to push from Citibank
+ FEES to pull into Countrywide

The Countrywide Application Disclosure Handbook states:
The minimum amount for electronic fund transfers that you initiate to/from other institutions is $50 per transfer.
I'm funding with $2,500 check (my overdraft limit ). What is the best way to push $97,500 to them?

Tytie


rated:
   posted: Jun. 25, 2006 @ 11:19a
alert mods    

There is no fee for ACH transfers. I did notice reading in the disclosure that there is a $20 early termination fee if closed within 90 days. I have not opened an account yet but since you can link 3 accounts looks like you just pull from where your taking funds. remember that the second you submit that online application they will pull your CR


rated:
   posted: Jun. 25, 2006 @ 11:35a
alert mods    

scott1961 said:There is no fee for ACH transfers.
I don't know where you're getting that Scott; I just quoted the Disclosure. It's $50. (?)

Tytie


rated:
   posted: Jun. 25, 2006 @ 11:39a
alert mods    

TYTBUDGET said:scott1961 said:There is no fee for ACH transfers.
I don't know where you're getting that Scott; I just quoted the Disclosure. It's $50. (?)

Tytie
What they are saying is the min amount to do an ACH transfer is $50. In other words you cannot transfer less


 Close

Sign Me In
Nickname: 
Password: 
Remember My Login Information:

Forget your login information?

Not Already A Member?
Sign Up Now!


Disclaimer: By providing links to other sites, FatWallet.com does not guarantee, approve or endorse the information or products available at these sites, nor does a link indicate any association with or endorsement by the linked site to FatWallet.com.


Sign up for free today, because you don't want to miss out on any more cash back than you already have! There are currently 1,209,567 people just like you registered to earn Cash Back From FatWallet. Be the next! Sign up to join the discussion & earn Cash Back from FatWallet:
close