Washington Mutual Raises Savings Rate
Category: Bank Deals- gotalkmoney.com- 12:14 pm/ September 24, 2008WAMU raised it’s savings rate on Wednesday. What used to be 3.75% APY is now a very nice 4.00% APY. With this savings account though, you have to keep in mind that you have to apply for a checking account as well.
WaMu Free Checking™ account: We offer one style of check for free. WaMu will not charge ATM fees for cash withdrawals, but non-refundable ATM operator fees may apply. Foreign currency exchange and transaction fees may apply to wires and card transactions. Other banks involved in wire transfer may also charge fees. Transfers are subject to transaction limitations and funds availability. Some applications may require additional review; see application for details.
Online Savings: Annual Percentage Yield (APY) effective as of 9/24/2008 on tiers $0-$9,999 and $10,000 and above. Interest rate and APY may change. Fees may reduce earnings. Minimum balance to open is $1; minimum balance to earn APY is minimum for applicable tier. Must be opened with and linked to a WaMu Free Checking™ account or linked to other WaMu checking account. If no longer linked to checking for any reason standard rates/APYs apply. APY applies to Online Savings, not linked checking. Some applications may require additional review; see application for details.
To sign up or get more information, visit WAMU’s application page.
- 6 Month CD %
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- 30-year Fixed Mortgage 3.79 %
Bank rates provided by MoneyRates.com based on average rates for deposits under $10K and conforming mortgage rates
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A linked checking account is required for the Online Savings rate, but there is no activity requirement for either account. No direct deposits or minimum number of bill payments/card transactions/checks per cycle are required for this deal, which is very nice for those interested.
Comment by Sheryl — September 30, 2008 @ 11:02 am