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Washington Mutual Raises Online Savings Account Rates

Because so many of you bank with Washington Mutual, I wanted to give you a heads up about its most recent promotion. Today the bank raised its online savings rate to four percent, which is higher than most interest rates I've seen lately. Most of you who use WaMu are sticking with the bank despite its troubles, so why not take this opportunity to start that savings account you've been putting off? As long as your account is less than $100,000, your funds are insured by the FDIC.


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chiamollie chiamollie 7 years
And now WaMu has gone under. Savvy, you really should have mentioned in your post that WaMu is a PAID ADVERTISER of your site. It is irresponsible not to disclose this information, and encourage people to sign up for a savings account at a failing bank.
thelorax thelorax 7 years
Same as ING.
ehadams ehadams 7 years
It is more likely WaMu will be sold to another bank than collapse entirely. I'm excited that my savings account went up. Unfortunately their website is down for maintenance so I can't check it.
lovelylei lovelylei 7 years
i'm with wamu and a bit scared. i'm obviously no where near 100,000 but is it possible that FDIC will run out of money to give back to the people if wamu goes under? i'm thinking about transferring my money to my BOA account instead but their interest rates are horrible.
bellaressa bellaressa 7 years
Why does this feel like a gimmick.
ilanac13 ilanac13 7 years
wow - i'm all for a higher interest rate for my savings and knowin that i wouldn't go over the FDIC levels - i think that it might be worthwhile. i wonder if this is a ploy to get more people to deposit money so they can reduce the amount of capital that they are looking for from investors..
RosaDilia RosaDilia 7 years
I dont' bank with Wamu but it wouldn't hurt to open an account. Who know? Despite of what's happening they might pull through.
Smart-Living Smart-Living 7 years
Yours should have been increased to 4 percent also! It should say so when you log in to your account.
sweetstanzy sweetstanzy 7 years
Savvy, I currently have an online savings account with Wamu in addition to my checking account. Does that mean my current online savings has that 4 percent rate now, or is only offered to those who newly sign up?
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