WaMu Savings Accounts
The following is a sponsored review of Savings Accounts offered by Washington Mutual (WaMu):
When you follow the above link to WaMu’s personal banking site, you are greeted by a map of the United States from which you can select your location. WaMu offers several different account options, including traditional and online CDs and savings accounts. When I selected my home state, I was given the option of signing up for either traditional (statement) or online savings. The minimums on both accounts were reasonable ($4 and $1 respectively), so I decided to go with the online option (obviously).
On the next screen, you are presented with WaMu’s interest rates for their savings accounts. Currently, the rate is 3.25%, and it’s the same whether or not your reach their $10,000 cut-off for a different rate schema. That’s really good news for most people starting out fresh with a new savings account, since you’re not getting penalized for a lack of capital. If you have over $10,000 though, you might be able to do better by speaking with a WaMu rep directly.
It is important to note that the 3.25% rate is only applicable if you open a WaMu checking account as well. If you don’t, the rate is a mere .25%. Obviously, WaMu would like you to do your checking business with them. Since you basically need the checking account to consider this account, I took a look at what it has to offer as well. You get free checks and a one-per-year freebie on overdrafting your account, which are both nice features. Other than that it seems like a pretty standard checking account, certainly not a bad deal. Of course, the real measure of a bank is the customer service they provide, and I don’t actually have an account with WaMu, so I can’t really comment on how good or bad theirs is. The portion of the website that I’ve seen so far does seem well-constructed and easy to understand, and I’ve found that companies with logical websites often have logical customer service policies of letting their employees help customers.
Comments
discount mbt shoes (Apr 29, 2010)
Thank you for sharing I wish I could go somwhere.