WaMu is now offering 12 and 13 month CDs at 5%, which are the top rates for certificates of deposit at these terms. The high rates clearly reflect the bank's dramatic efforts to attract capital.
WaMu is also offering an attractive 3.75% APY Savings Account.
While these rates are very competitive, depositors should keep in mind that WaMu has suffered greatly due to the credit crisis. Its stock has dropped from a 52-week high of 39 to just over $3. Depositors should stay below the $100,000 FDIC insurance limits.
Related Articles:
Washington Mutual by BestCash Admin - Jan 28, 2008
Washington Mutual Raises Online Savings Rate to 3.75% APY by BankMan - Jul 31, 2008
WaMu Brings Back 12 Month 5% APY CD by BankMan - Sep 08, 2008
Washington Mutual Forces Out Kerry Killinger as CEO by Sam Cass - Sep 07, 2008
Washington Mutual (WaMu) Facing Tough Times May Need to Sell Deposits Or Take Other Steps by Sam Cass - Sep 12, 2008
JP Morgan to Acquire Washington Mutual Assets by Sam Cass - Sep 25, 2008
High CD Rates from Major Banks - Bank of America, WaMu, Wachovia by ktexas - Jul 21, 2008.
Washington Mutual Raises Online Savings Rate to 3.75% APY by BankMan - Jul 31, 2008
WaMu Brings Back 12 Month 5% APY CD by BankMan - Sep 08, 2008
Washington Mutual Forces Out Kerry Killinger as CEO by Sam Cass - Sep 07, 2008
Washington Mutual (WaMu) Facing Tough Times May Need to Sell Deposits Or Take Other Steps by Sam Cass - Sep 12, 2008
JP Morgan to Acquire Washington Mutual Assets by Sam Cass - Sep 25, 2008
High CD Rates from Major Banks - Bank of America, WaMu, Wachovia by ktexas - Jul 21, 2008.
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