Walked into my neighborhood B of A office with my CD account number that had come over from Countrywide Bank. I wanted to find out the exact procedure on getting my $15,000 when the 5-year CD matures next week. The friendly banker lady looks at my driver's license, then punches the account number I've scrawled down. Next there's total silence as her face freezes and she about falls out of her chair.
What's wrong, ma'am?
"What a great rate!" Hod did you get THAT, sir?
Well, it was 5%, fully FDIC insured, with a monthly interest check mailed to me for the last 59 months. Sure, those of us with CFC-PB have done even better, but I didn't tell her that. Because for insured savings, Countrywide been very very nice to me! Don't see rates like that any more!