Washington Mutual (WaMu) Still Offering Savings Account at 4% APY and 1 Year CD at 5% APY after JP Morgan Chase Takeover

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I just called WaMu and asked if they were still offering high rates after being sold to JP Morgan Chase. The news was good.

I just called WaMu and asked if they were still offering high rates after being sold to JP Morgan.  The woman on the phone told me the 1 year CD at 5% APY and the 4% APY savings account were still active.  This is a great opportunity.  You can technically get very competitive rates with the security of JP Morgan Chase.

I don't know how long these rates will last.  Judging by what happened to Countrywide rates after the Bank of America takeover, I'd judge not that long.  But for now, they are a great opportunity for yield and safety.


Comments

  • Bob

    October 22, 2008

    I just called WAMU Oct 21st 2008. They quoted .04% on CD purchase for 8 months, but said it will probably go down this coming week.

  • Jenn

    September 27, 2008

    It is a fantastic opportunity to lock in a CD. The savings rate won't last.

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