Countrywide Bank's SavingsLink Savings Account Sees Tremendous Growth in First Year
"Countrywide Bank's SavingsLink Savings Account Sees Tremendous Growth in First Year" Says Press Release. Countrywide Bank President Timothy Wennes says, "[C]onsumers today are drawn to high-yield online savings rates that allow their money to grow at a much faster pace than traditional passbook and statement savings accounts, which on average pay less than one percent annually." The release adds, "However, even with the phenomenal growth of SavingsLink and similar online savings products in the marketplace, recent data from a Countrywide Bank-commissioned survey indicate that while 42 percent of U.S. households surveyed took time to shop for high yielding savings rates, only eight percent bothered to move their money for a better rate."
