Brokerage CD

Updated

Now I have 3 CDs from Countrywide Bank

1) 5.65% for 12 months.
2) 6.125% for 240 months
3) 6% for 240 months

I brought last 2 through Fidelity.

Despite recent drop of interest rate, I was able to put money into 2 CDs from Countrywide Bank with pretty high interest rate.

1) 5.65% for 12 months.

2) 6.125% for 240 months.

The second is a brokerage CD which is certificate of deposit sold for the bank (Countrywide Bank) by a broker (Fidelity).

However, this CD is callable after 12 months.

If the interest rate drops further in next year, Countrywide Bank probably will call this CD.