August 4th, 2008
Updated 9/24/08. Washington Mutual or WaMu as they are called, has a nice Savings Account Rate. I’m not a fan of the higher yield savings rates because they tend to bring in the funds and then lower the rate. However, most of them allow for electronic transfers, so if the rate does go down it is pretty easy to move it. The rate is 4.00% APY.
WaMu is federally insured by the FDIC. The FDIC# is 32633. They are over $300 Billion in assets. They are having some trouble so make sure you stay under the FDIC $100,000 insurance guidelines.
Also Visit our Certificates of Deposits Rates page
-- By +Chris Duncan