Countrywide Bank now has a CD rate with a 5.65% APY on their 6 month CDs and 12 month CDs. Countrywide was hit the hardest by the subprime lending crisis, and they have some of the highest CD rates in the industry, presumably to maintain an acceptable level of deposits.

The rates on 3 and 9 month CDs remain at 5.35 and 5.45%. Long term rates went down by .025%.

Although Countrywide has been having problems, you should be fine as long as you stay under the $100,000 FDIC insured limit.