What (generally speaking) affects savings interest rates?

[Uglyowl]

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I thought I made it clear that I was getting 5.05% on my savings (non-money market) account [img]/images/graemlins/smile.gif[/img]

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At banks money market and savings accounts the only difference is money markets have a 6 withdrawal limit per month. Pretty much same thing, same reserve requirement, etc.

You may be getting 5.05% now (me too), but it will go down when the fed cuts rates.

For Countrywide, they have a higher rate due to liquidity/public perception issues. They have used up there line of credit, so that is no longer an option for them. I would think 5.40%+ is a teaser type rate where their rate gets closer to fed funds rate over time.