Washington Mutual 1 Year CD 4.50% APY, 8 Month 4.25% APY

Article Submitted by: BankMan
Savings - Checking - CDs


Washington Mutual has raised the rate on its 12 month CD to 4.50% APY, making it the top rate on the BestCashCow rate table.

 

Submitted: Aug 13, 2008    Views: 367    Comments: 1    Likes: 1   


WashingtonMutualWashington Mutual has raised the rate on its 12 month CD to 4.50% APY, making it the top certificate of deposit  (cd) rate on the BestCashCow rate table.  In addition, they are offering an 8 month cd for 4.25% APY. 

The minimum deposit on these accounts is relatively low at $1,000. 

Washington Mutual also offers a competitive savings rate which is currently paying 3.75% APY. 

Washington Mutual's balance sheet has suffered enormously as a result of the credit crunch.  As a result, like with any bank, I recommend you stay with FDIC limits when opening an account. 




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Comments Received:

m matteson
(Unregistered)

amy. . .this interest has to be doing better than old mbna account rates now. . .once b of a took over, interest only went one direction. $1,000 minimum deposit 3.75 might not be bad for you.

Posted: Sep 4, 2008



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