JP Morgan Chase Paying 5% APY on 1 Year (12 Month) Certificate of Deposit (CD)

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It's already been written on the site but I wanted to reiterate this deal.   JP Morgan Chase  today bought Washington Mutual.  Washington Mutual is offering a 12 month CD for 5%.  Opening the CD with WaMu is now like opening it at Chase.  Get it while you can.

See the best online 12-month CD rates here.

Sam Cass
Sam Cass: Sam Cass, MBA, JD, University of Texas at Austin. Always a fan of Leonardo Da Vinci.

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Today's Highest Online CD Rates

Bank Product Term Interest Rate (APY)
M.Y. Safra Bank 1-Year 2.51% APY with $500 minimum
Sallie Mae Bank 1-Year 2.50% APY with $2,500 minimum
Discover Bank 1-Year 2.30% APY with $2,500 minimum
Pentagon 3-Year 3.25% APY with $1,000 minimum
Popular Direct 3-Year 3.10% APY with $10,000 minimum
M.Y. Safra Bank 3-Year 3.06% APY with $500 minimum
Bread Savings, a division of Comenity Capital Bank 5-Year 3.65% APY with $1,500 minimum
M.Y. Safra Bank 5-Year 3.26% APY with $500 minimum
Popular Direct 5-Year 3.25% APY with $10,000 minimum

See More Online CD Rates →


  • Fuming from the NW

    October 01, 2008

    Sam, I just lost a bundle as a bond holder in WaMu; never thought that could happen! Now I (like everyone) am diving for some short term solace in high cd rates. Do you really think that Chase will honor WaMu's cd rates for the long term (13 months). Five % is awfully attractive, but it seems a bit worrisome that Chase got all the assets and none of the debts... What do you think?

  • Bob

    October 24, 2008

    Aloha Sam,
    Three Months ago I Paid several thousand dollars in early withrawal penalties on CD's we had with WAMU. I banked with Wamu for 35 years from our home in California. All my prior contacts at WAMU were gone including the manager I worked with for 12 years.
    The new Manager of WAMU would not allow me transfer my funds to our bank in Hawaii where we have retired. A call from my Bank Manager in Hawaii,a letter from my Notary with my signature,verification of all my private banking information, were all unacceptable to this new Manager to transfer my funds. We were even told that we had to go to the American Embassy to get a signed letter from them to transfer funds. Wrong,wrong wrong.
    My Wife and I had to pay for an emergency flight to La,pay for a hotel,pay for a rental car and visit the new Manager in person to have our money transferred.
    The early Cd penalty after 35 years of banking with Wamu was an insult but the cost to do this in person was totally unneccessary. Incompetent,scared to death,new Manager at Wamu.
    Is there any way I can get at least the travel money back?

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