WaMu Online Savings Account Rates Now 3.00%
Less than a month ago, we announced that the WaMu Online savings account rates were increased to 4.00%. Well, that did not last long. Washington Mutual Online Banking has dropped the WaMu online savings account rates to 3.00%.
Many will be wondering whether this move was forced on Washington Mutual from JP Morgan Chase. It has only been a couple weeks since the JPMorgan Chase acquisition of Washington Mutual. Many at the time that WaMu increased the rates of its WaMu online savings account to 4.00% wondered if they did so in order to increase their cash reserves in an attempt to survive their demise.
Now that JPMorgan Chase have acquired Washington Mutual, Chase Bank might have decided that there is no reason to maintain the high 4.00% savings account interest rates. We will have to wait and see if the WaMu online savings account stays as one of the top savings accounts in the nation.