Countrywide Bank 5.00% Money Market Rate
Countrywide Bank, now acquired by Bank of America, is running a 5.00% APY interest on their money market rates.
You need a $10,000 minimum balance to open an account. Unlike a CD (certificate of deposit), there is no early withdrawal penalty.
Now that Countrywide Bank has acquired by Bank of America, the risk of a default is greatly reduced. Nevertheless, all Internet savings accounts are insured by the FDIC up to $100,000.