WaMu Bank CD Rates
Washington Mutual Bank CD rates are now practically the rates offered by the Chase Bank. Washington Mutual was acquired by Chase in 2008 after it filed for Chapter 11 bankruptcy. The company is currently in the process of integrating WaMu branches into its system and has already done so in many areas of the country.
WaMu Bank CD rates are still used by some customers that are comfortable with the old arrangement. The company offers a diverse amount of CD accounts for its customers. The minimum amount required for these certificates is $1,000 under the regular option and $10,000 under the special certificates.
WaMu CD rates for a 6-month certificates are priced at 0.25% whereas a 12-month investment would also yield the same APY of 1.25%. A 3-year CD investment results in an APY of 1.01%. The company also offers the same interest rate for its 3-year certificates.
The special CD accounts start with a 7-month APY of 0.50% and a 13-month CD with 1.01% APY. The rates go higher for a 24-month CD at 1.50% APY and 36-month CD at 2.00%.
A 4-year CD investment results in an APY of 2.50% whereas a full 5-year CD term would yield 3.00% returns. The company offers an online account opening option and offers the option of either a single CD account or one with a joint ownership. Penalties are imposed in some case in case of an early withdrawal though the bank also offers automatic renewals and other reinvestment options.