Comments on: Washington Mutual Increases Interest Rate to 3.75% APY

By: La Roxy

La Roxy — Wed, 20 Aug 2008 00:54:01 +0000

I used to hold Wamu in high esteem, but lately I think they’ve gotten greedy. Today I posted about their stingy overdraft protection policy on my blog, The Daily Asker: http://thedailyasker.blogspot.com. I recommend choosing another bank and researching the fees before signing up! Even with this nice interest rate, I’d opt for a bank that’s more secure, and less obnoxious.
Cheers!

By: Looking

Looking — Thu, 14 Aug 2008 21:06:37 +0000

Walked into Wamu 8/12/08 got 4.17% APY 4.25% on 8mo CD/ what the heck. Support them and they might make it. Keep it under a grand and it should go ok…….

By: aa

aa — Thu, 31 Jul 2008 14:01:55 +0000

Did you talk about WaMu, the biggest bank in line to go bankrupt?

By: klerg

klerg — Thu, 31 Jul 2008 13:03:41 +0000

Ahhh…I got money in this one…VERY happy about this.

And yes, I agree with Flexo: I think that we’ll see some more rate increases in the future. We’ll see ‘em slowly but they’ll come.

By: Flexo

Flexo — Thu, 31 Jul 2008 03:58:31 +0000

Pascal,

I noticed that Washington Mutual operations two separate companies, insured separately by FDIC. One WaMu (based in Utah) has a CAEL rating of 1 (best) and the other (based in Nevada) has a rating of 5 (worst). I think overall you and other online account holders should be ok.

By: Pascal

Pascal — Thu, 31 Jul 2008 03:22:17 +0000

I have that account. It’s great, though it was earning around 5% when I opened it a year ago. It’s been down at 3.3% lately.

The only thing that concerns me is with all Wamu’s troubles this year and now them raising that rate — it could be a sign they’re in trouble. But as my dad said, “That’s a great deal for them (getting to borrow your money at 3.x%) because no one else is gonna lend to them at such a low rate nowadays.”

But the best thing about Washington Mutual still has to be their color-consciousness! Check out those ads :-D