Best CD Rates Info

Best CD Rates Info has already presented one article on WaMu CD rates. However, since Washington Mutual is the largest savings and loan association in the U.S., WaMu has several certificates of deposit to choose from. Therefore, it seems worth looking at another one of their offerings. This time, our quest for the best CD rates has us reviewing the Washington Mutual Traditional CD.

WaMu provides many options for the term length of the Traditional CD, and interest rates vary with the length of the term. WaMu offers the Traditional CD with terms running from one month in length to one hundred and twenty months in length. Since we’re mostly interested in finding the highest CD rates, for this review we will focus on WaMu Traditional CDs with a term of forty-eight months or greater.

For Traditional CDs with terms ranging from 48 to 120 months, Washington Mutual offers an interest rate of 4.17 percent, which produces and Annual Percentage Yield of 4.25 percent. To us, that is a pretty impressive rate. It is even more impressive when you consider that the minimum deposit for the Traditional CD is only $1,000. That’s much less than many banks require to get into a high interest CD.

So, if you are interested in a longer-term CD with a good interest rate and a low minimum deposit, you should check into the WaMu Traditional CD. CD rates and details can vary by geographic location and change with time, so please visit the Washington Mutual web site to confirm the current rates and terms available in your town.