Comments on: Washington Mutual (Chase) Drops Interest Rate as Expected

By: TheMightyQuinn

TheMightyQuinn — Tue, 26 May 2009 21:47:05 +0000

You’re not alone Marisa. I can’t believe my once proud 4% interest is now at 0.01%.

Be careful if you try to transfer your money to another bank (like ING), since Chase appears to charge $3 to transfer money to another bank.

By: Marisa

Marisa — Tue, 26 May 2009 21:27:39 +0000

My WaMu online savings rate just dropped to .01%! And I can’t even find out what their other current rates are. I may just switch banks all together.

By: purpelnoon

purpelnoon — Wed, 24 Dec 2008 01:53:55 +0000

I looked at my CD recently that was paying 5% and it looks like it still is. The 5% rate is still listed.

By: phil

phil — Tue, 23 Dec 2008 22:53:57 +0000

i got the wamu online savings account when it was at 3.5%. now it’s dropped to 1.5%.

By: Mike

Mike — Mon, 22 Dec 2008 23:59:46 +0000

1.5% and dropping …

By: Kevin

Kevin — Fri, 31 Oct 2008 15:41:06 +0000

Newsflash: It’s now at 2.5%… how low will it go?

By: marcus

marcus — Fri, 10 Oct 2008 02:55:25 +0000

I purchased CD’s last Spring at my Credit Union at a set term and interest rate. The following week the rate was halved, yet I had ‘locked’ into the higher rate per the terms of the CD Agreement.

Not the first time this has happened, and I have been in a reversed situation before as well.

By: TheMightyQuinn

TheMightyQuinn — Thu, 09 Oct 2008 16:48:32 +0000

I noticed that too on Monday, when I deposited a large check in my savings hoping to reap that 4%. I wonder how long until it’s 2%? If that happens I’ll just move it to ING.

As for CDs, it’s my understanding if they change the terms of your CD you’ll have the option to withdraw without penalty, is this correct? I have a number of these 4-5% CDs with WaMu, but if they change the rates I’ll probably just pull them out.

By: purpelnoon

purpelnoon — Thu, 09 Oct 2008 11:30:43 +0000

I had a 5% Yield on a CD I had with WAMU, right before the whole debacle. It looks like my “reward” for taking the extra risk will be a lowered interest rate too. You just cant win!