Washington Mutual CD Rates

There are tons of questions about the future of Washington Mutual and the Washington Mutual CD rates. Everyone is asking how the purchase of WaMu by JP Morgan Chase will affect Washington Mutual online banking. Well, the good news is that according to JPMorgan Chase, nothing will change. You will continue to be able to use your same WaMu savings account and you can continue to buy WaMu CDs. That is great news to us!!

Washington Mutual CD rates have been some of the best cd rates. Of all the bank CDs, WaMu is consistently at the top for the highest cd rates. The WaMu 12 month CD might be the best 12 month cd rate with its 5.00% APY. If you are looking for a place to earn 5% on your money, the WaMu 12 month CD is perfect. It is hard to find another 12 month CD earning a 5% APY. Especially at a bank as large as Washington Mutual and now Chase.

But, you might be asking, is it safe to deposit money with Washington Mutual. Well, according to JPMorgan Chase these deposits should now be even safer. The WaMu CDs are FDIC insured and they now have the backing of JPMorgan Chase too. It looks like Washington Mutual is actually better now that Chase took them over. We will have to see if JP Morgan Chase reduces the Washington Mutual CD rates over time.

Comments (1)

One Response to “Washington Mutual CD Rates”

Lars jason Says:

Where can I actually get the 5% rate on 10/22?
I went to my local bank in Corte Madera, CA and they have at least a point lower a 12-month CD

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