Investing and Financial Markets
Money Management

If you put money in a CD with countrywide bank is it really risky since the countrywide mortgage is doing so pourly?

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Wiki User
November 15, 2007 1:06AM

Balances of less than $100,000.00 are insured by the FDIC, and entail no risk, although those funds may be inaccessible for a period of time (weeks to months). Balances above $100,000.00 may be subject to loss depending upon the registration of the funds. How risky is Countrywide? I wish I knew myself.