WaMu CD Rates
Washington Mutual (WaMu) is the largest savings and loan association in the United States, so it seems appropriate that Best CD Rates Info should review Washington Mutual CD rates in our quest for the best CD rates. After reviewing the WaMu CD rates available in several regions, it is our opinion that WaMu’s most interesting CD right now is the WaMu Online CD.
We found the Online CD advertised with an interest rate of 3.93%, giving it an Annual Percentage Yield of 4.00%. Now, in our opinion a four percent yield sounds pretty good these days, but you really need to learn more about the Online CD to appreciate its appeal.
That 4 percent yield is currently available in either a 48 month CD or a 60 month CD. Even better, the minimum deposit required for the Online CD is only $1,000 — a good bit less than some banks require for a yield like this. Convenience is also part of the Online CD’s appeal, as you can apply online and receive statements electronically (please note that WaMu’s Free Online Banking and electronic statements are required). The WaMu web site states “total deposits with Washington Mutual are FDIC insured to the maximum allowed by law.”
Given all of the information above, in our opinion it seems worth keeping an eye on Washington Mutual Bank CD rates when shopping for a high interest rate CD. Because CD rates and details can vary by region and change with time, please visit the WaMu web site to confirm the current terms available in your area.