Author: Cindy Lewis on August 13, 2008 - modified on September 10, 2017
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.
Washington 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'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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| Bank | Product Term | Interest Rate (APY) |
|---|---|---|
| Finworth, a division of InsBank | 1-Year | 5.38% APY with $50,000 minimum |
| TotalDirect, a division of City National Bank of Florida | 1-Year | 5.35% APY with $25,000 minimum |
| Rising Bank, a division of Midwest BankCentre | 1-Year | 5.31% APY with $1,000 minimum |
| Dollar Savings Direct, a division of Emigrant Bank | 3-Year | 5.00% APY with $1,000 minimum |
| First Internet Bank of Indiana | 3-Year | 4.66% APY with $1,000 minimum |
| IncredibleBank | 3-Year | 4.58% APY with $1,000 minimum |
| First Internet Bank of Indiana | 5-Year | 4.55% APY with $1,000 minimum |
| BMO Alto, a division of Bank of Montreal Harris | 5-Year | 4.50% APY with no minimum |
| Department of Commerce | 5-Year | 4.34% APY with $500 minimum |
Comments
m matteson
September 05, 2008
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.
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