Comments on: WaMu Improves Their Online CD Offer

By: Emily J

Emily J — Fri, 12 Sep 2008 15:37:23 +0000

As 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.

By: ray shead

ray shead — Tue, 09 Sep 2008 19:50:41 +0000

What happens to the 5% should wamu go under?

By: Chris

Chris — Sun, 07 Sep 2008 23:31:04 +0000

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.