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

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Syphon said:I found the answer sorry. It is:
rishi75 said:

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Outgoing Wire Transfers $15.00

It appears that Country wide has a fee for outgoing wire transfers. Does this fee only apply when the transfer is initiated from Countrywide website or would it also apply when I pull the money out of countrywide through another webiste like Fidelity or EmigrantDirect.

Thanks.

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Wire transfers are not the same as ACH transfers. ACH transfers are free. Pulling or pushing is free

 

I see the average hold is 10 days. Do you earn interest on when your money is on hold?
I attempted a wire of 96,000 to eBank for a 5% 9 month CD (I didn't want to exceed the FDIC limit).

Countrywide called and I was told that to wire from a savinglink account to another institution, you must wire a minimum of $105,000 (not less). The only exception to this rule is if you are wiring to a trust or title company. They said this rule is in place because you can transfer money online for no fee in any dollar amount (i.e., less than $105,000).

I advised that the destination eBank account does not have an official account number yet and will not be able to receive a standard online ACH. After a hold to consult with a manager, they made a one time exception to the $105,000 rule.


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jackcrawfish said:
I advised that the destination eBank account does not have an official account number yet and will not be able to receive a standard online ACH. After a hold to consult with a manager, they made a one time exception to the $105,000 rule.

Does the eBank allow you to ACH pull? I pull from my savingslink account just fine.


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I am trying to link a brokerage acct (scottrade, zecco, etc) to countrywide via the online broker. I plan to do an ach pull from them.

For some reason Countrywide isn't receiving the trial deposit. I guess I need to send my money elsewhere first?

Anyone else have luck


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I had no trouble linking my countrywide account to my E*trade account.


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With this SavingsLink account, is one prohibited from doing transactions at a Countrywide bricks-and-mortar office? We all have access to the internet at this moment. But, what if...?


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FYI - Don't deposit a credit-card check to this SavingsLink account. I just tried depositing a check (made out to me from Chase 0% BT offer) to my SavingsLink account - was refused by Countrywide. Per CSR, it's buried somewhere on page 48 of their T&C handbook, no credit-card checks, no starter checks, no 3rd-party checks...


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Countrywide Savings Link down
less that 10k 2.00% $10k-$49999 3.15% $50k+ 3.25%


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I deposited a credit card convenience check for $25K into my Countrywide SavingsLink account last month...no problem.
But this was a blank check that I wrote out myself.


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I am moving my money to dollarsavingsdirect from countrywide. What happends if I pull my 10K into my checking tonight/morning and then tell dollarsavingdirect to pull the 10k tomorrow and the funds are not available yet from my bank. What happends to the transaction does it get cancel or my bank will charge me an Insufficent funds fee.


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scott1961 said: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

If you initiate a push or pull that is less than $50.00, are you O.K. if you do the ACH from the external account?


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Another rate drop for the SavingsLink account:

Less than 10k - 1.75%
$10k-$49,999 - 2.90%
$50k+ - 3.00%


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Kempman said:Another rate drop for the SavingsLink account:

Less than 10k - 1.75%
$10k-$49,999 - 2.90%
$50k+ - 3.00%

Aughh! I yield, I yield. ING, Emigrant, Countrywide, and now bring on DollarSavingsDirect.


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Just moved all my money from Countrywide to Dollar Savings Direct.


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10,000 - 1.75% APY
49,999 - 2.65% APY
50,000 - 2.75% APY

Message edited by: dlr3 on 2008-11-28 08:21:29 CST
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Can anyone confirm the minimum amount necessary to keep in the savingslink account to avoid fees? I know earlier in this thread someone wrote it was $1 (I'm referring to once the account is already open), but customer service just told me $1000.

I'd like to keep the account open for the Visa card which earns 2% if I deposit the rewards into my savingslink account, but would not like to keep $1000 there at 1.75%.


Thanks.


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Rel said:Can anyone confirm the minimum amount necessary to keep in the savingslink account to avoid fees?Savingslink has no fees for minimum balance - minimum is only required to open the account. $0.01 will keep the account open.


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dlr3 said:Rel said:Can anyone confirm the minimum amount necessary to keep in the savingslink account to avoid fees?Savingslink has no fees for minimum balance - minimum is only required to open the account. $0.01 will keep the account open.

Thanks - just pulled all out but a penny.


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Another rate drop for the SavingsLink account. They really don't want our money.

Less than 10k - 1.50%
$10k-$49,999 - 2.40%
$50k+ - 2.50%


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Nope they dont, theres a ton of cash in the big banks and Countrywide is owned by BOA. I closed my account. Made a good % for many months when they were near bankruptcy though.


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Dropping further:

Less than 10k - 1.30%
$10k-$49,999 - 1.90%
$50k+ - 2.00%


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