Comments on: Washington Mutual Increases Savings Account Interest Rate to 4.0% APY http://www.consumerismcommentary.com/washington-mutual-increases-savings-account-interest-rate-to-40-apy/ A premier personal finance blog, established 2003. Within, Flexo discusses his own experiences with money, and he and other authors comment on a wide range of personal finance topics. Sat, 26 May 2012 03:47:27 +0000 hourly 1 http://wordpress.org/?v=3.3.1 By: slahey http://www.consumerismcommentary.com/washington-mutual-increases-savings-account-interest-rate-to-40-apy/comment-page-1/#comment-182406 slahey Wed, 24 Sep 2008 12:20:08 +0000 http://www.consumerismcommentary.com/?p=3989#comment-182406 Given the fear-mongering by that loudmouth Jim Kramer on MSNBC/Hardball last nite (that WaMu may bankrupt in 5 days, the FDIC can't handle it, we won't be able to get money out of our ATM's, the money supply will lock up), Wamu will probably have to raise rates again next week to head off a bank run of the gullible. I'll be crying all the way to the bank. Given the fear-mongering by that loudmouth Jim Kramer on MSNBC/Hardball last nite (that WaMu may bankrupt in 5 days, the FDIC can’t handle it, we won’t be able to get money out of our ATM’s, the money supply will lock up), Wamu will probably have to raise rates again next week to head off a bank run of the gullible. I’ll be crying all the way to the bank.

]]> By: Juan http://www.consumerismcommentary.com/washington-mutual-increases-savings-account-interest-rate-to-40-apy/comment-page-1/#comment-182368 Juan Wed, 24 Sep 2008 04:26:46 +0000 http://www.consumerismcommentary.com/?p=3989#comment-182368 They also currently have a 5.00% APY 12 month CD with a with a $1000.00 minimum (don't know if this promotional rate is new). They also currently have a 5.00% APY 12 month CD with a with a $1000.00 minimum (don’t know if this promotional rate is new).

]]> By: slahey http://www.consumerismcommentary.com/washington-mutual-increases-savings-account-interest-rate-to-40-apy/comment-page-1/#comment-182282 slahey Tue, 23 Sep 2008 13:13:04 +0000 http://www.consumerismcommentary.com/?p=3989#comment-182282 If you have an account at the bank who buys Wamu, make sure you don't have more than $100K total at BOTH banks. FDIC may let the $100K limit be in effect for each bank after a buyout for a short while, but don't bank on it. Relieved of mortgage debt, Wamu would do fine as just a bank, so I don't get why the rush to sell. Be that as it may, to spread the risk, I think Wamu will be divided among the PNW, Calif, Chicagoland, and NY-tri-state area. I'll accept Chase, HSBC, TD, or Wells, but if it is Citi, I will pull everything out. They have terrible customer service and treat their employees like garbage. I will not patronize that. If you have an account at the bank who buys Wamu, make sure you don’t have more than $100K total at BOTH banks. FDIC may let the $100K limit be in effect for each bank after a buyout for a short while, but don’t bank on it.

Relieved of mortgage debt, Wamu would do fine as just a bank, so I don’t get why the rush to sell. Be that as it may, to spread the risk, I think Wamu will be divided among the PNW, Calif, Chicagoland, and NY-tri-state area. I’ll accept Chase, HSBC, TD, or Wells, but if it is Citi, I will pull everything out. They have terrible customer service and treat their employees like garbage. I will not patronize that.

]]> By: klerg http://www.consumerismcommentary.com/washington-mutual-increases-savings-account-interest-rate-to-40-apy/comment-page-1/#comment-182280 klerg Tue, 23 Sep 2008 12:38:06 +0000 http://www.consumerismcommentary.com/?p=3989#comment-182280 I just checked my WaMu savings account and it's up...OH HAPPY DAY!!!!!!!!!!!!!!!!!!!!!! aa, Flexo's correct. Your money's safe. Now, mortgages held by WaMu may be in a bit of trouble but your money in both savings and checking accounts are A-OK. I just checked my WaMu savings account and it’s up…OH HAPPY DAY!!!!!!!!!!!!!!!!!!!!!!

aa, Flexo’s correct. Your money’s safe.

Now, mortgages held by WaMu may be in a bit of trouble but your money in both savings and checking accounts are A-OK.

]]> By: EN http://www.consumerismcommentary.com/washington-mutual-increases-savings-account-interest-rate-to-40-apy/comment-page-1/#comment-182244 EN Tue, 23 Sep 2008 05:04:25 +0000 http://www.consumerismcommentary.com/?p=3989#comment-182244 Hmm I have a checking at Citi and, as of now, WaMu. I wonder how that'll work out if Citi buys WaMu....hopefully be more convenient for me I guess. :) Hmm I have a checking at Citi and, as of now, WaMu. I wonder how that’ll work out if Citi buys WaMu….hopefully be more convenient for me I guess. :)

]]> By: Flexo http://www.consumerismcommentary.com/washington-mutual-increases-savings-account-interest-rate-to-40-apy/comment-page-1/#comment-182226 Flexo Tue, 23 Sep 2008 00:39:44 +0000 http://www.consumerismcommentary.com/?p=3989#comment-182226 It's more likely WaMu will be bought by another company, perhaps Citi. Either way, the money is safe. It’s more likely WaMu will be bought by another company, perhaps Citi. Either way, the money is safe.

]]> By: aa http://www.consumerismcommentary.com/washington-mutual-increases-savings-account-interest-rate-to-40-apy/comment-page-1/#comment-182225 aa Tue, 23 Sep 2008 00:38:14 +0000 http://www.consumerismcommentary.com/?p=3989#comment-182225 Bankruptcy is near with the rate hike. It'll need another bailout bill 'cause FDIC can't cover a bank bank like WM. Bankruptcy is near with the rate hike.

It’ll need another bailout bill ’cause FDIC can’t cover a bank bank like WM.

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