WaMu Improves Their Online CD Offer
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FacebookThis is just a quick note to say that WaMu has boosted their online CD rates back up to 5%. To get the deal, click the links for “CDs & IRAs” from their homepage and follow your nose to “Online CDs.”
I’ve heard from several readers that funding these CDs from outside sources can be sticky, so it might be best to open an account with WaMu if you want to take advantage of these sorts of deals.
Previously: Washington Mutual 12 Month CD Offer
Published on September 7th, 2008 - 3 Comments
Filed under: Banking
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About the author: Nickel is the founder and editor-in-chief of this site. He's a thirty-something family man who has been writing about personal finance since 2005, and guess what? He's on Twitter!
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Thanks for the tip. I’m always looking for a great place to save some emergency cash. 5% is great. That is hard to find these days.
Comment by Chris — Sep 7th 2008 @ 7:31 pmWhat happens to the 5% should wamu go under?
Comment by ray shead — Sep 9th 2008 @ 3:50 pmAs long as your deposit with WaMU is not over $100,000 your money is safe as it is FDIC insured. A CFA explained this – $100K means – all inclusive in all accounts in a individuals name at a bank. Example: If you held multiple CDs and a savings account totaling more than 100K at the bank then all funds beyound 100K including all the interest you earned on various accounts is not insured incase the bank fails.
Comment by Emily J — Sep 12th 2008 @ 11:37 am