Washington Mutual Online Banking

Washington Mutual Online banking currently has three certificates of deposit to look at.  To keep you up to date, Savings Accounts 411 will look at both the Traditional and the WaMu Online CD offers, which are both through Chase Bank as the merger between the two banks completes.

For Traditional Washington Mutual CD rates, the returns are based on the balance of the certificate deposit.  Terms are from 1 to 120 months.  For up to $99,999 in deposit, these annual percentage yields (APY) range from 0.25% (1-17 months)  to 1.0% (18-59 months) and to 1.50% (60-120 months).

This WaMu CD is worth looking at for those who prefer to open the account personally and have in-branch service.

For those who want a minimum deposit of $1,000 and prefer much higher yields, WaMu Online offers Washington Mutual CD rates at tiered levels from 6 month terms to 60 months.

Short term 6, 8, and 12 month terms are giving yields of 1.25%, 1.35%, and 1.50% APY respectively.  A special 13-month term gets a yield of 1.75%, so if you’re looking at the one year, you might consider adding a month for the extra APY.  Another special is the 2 year term, which gives a whopping 2.0% APY while the 60 month term gives a 2.5% APY for depositors.  For comparison, the 18 month rate is 1.50% and the 36 and 48 month terms give 1.75% APY.

So there are some good offers for Washington Mutual CD rates if you’re interested in checking out Washington Mutual Online banking.  These accounts will hold their rates even as they move over to Chase.