Quote:
Originally Posted by Aleta
Is it possible that now that BOA is buying Countrywide that they just may start giving better rates for their different instruments such as CD's to get some cash in. I've noticed that when bank's need to raise cash that they use short term CD's.
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Doubtful. Countrywide
has been offering high rates on their savings account and CDs, no doubt in an effort to bring in more cash and stave off the inevitable. Now that BOA is involved, I expect those rates will probably drop, not rise.