Washington Mutual Online Banking

Most people know now that Washington Mutual Online is becoming Chase Bank.  Those with a current WaMu credit card will be getting a Chase card soon.  For those interested in new credit card offers, we here at Savings Accounts 411 thought we should look at what Washington Mutual credit card offers are available now.

When you click on the credit cards link on WaMu Online, you’re taken to the Chase Bank website credit card offers area.  There’s a lot of offers to choose from, but we’ll look at the most intriguing here for comparison.

The Low Interest card from Chase (Washington Mutual credit card) is worth considering merely for its low interest of 9.24% annual percentage rate (APR) to 13.24% depending on credit.  It includes a 0% APR for the first 12 months for transfers and purchases.

The 3% Bonus Cash Back WaMu credit card (Chase) is another popular choice.  And for good reason.  The variable rate is low (under 18.24%, as low as 9.24% with good credit) and with a 0% fixed APR for a year on balance transfers.  All purchases of gasoline, groceries, and fast food get 3% cash back for the first six months.  Everything else gets 1% cash back and there’s no annual fee.

A host of specialty cards for those who shop Amazon, are AARP members, like SonyRewards, need a student card, want Starbucks rewards, and more are also available.  With Washington Mutual credit card offers going to Chase now, there are a lot of offers and incentives to choose from.  Definitely worth a look.

Most people should be aware by now that Washington Mutual has been merged with Chase Bank.  For banking customers, this likely won’t change much, but we here at Savings Accounts 411 thought we should look at the Washington Mutual Online site to see if anything should be reported.

If you’re wondering about the WaMu.com change to Chase, there is a great article explaining the merger and what it means for WaMu Online customers.  All of the Washington Mutual Online banking features are still on the site and won’t change except for the title, so those used to WaMu Online will find they won’t have a learning curve in the switch.

If you have a mortgage with Washington Mutual, you will be interested in the mortgage information listed on WaMu.com including what the change to Chase means for your mortgage (probably not much, but a free refinance opportunity may catch your eye) as well as some valuable information for homeowners who’re behind on payments.  WaMu Online has a great article about the new housing plan and options from the government that could be of use.

If you have a CD or IRA through Washington Mutual Online, you will find that the terms will stay the same until the period is up, so your investments are safe.

Overall, there is some good information for you if you’re a WaMu.com customer at the website.

Prior to Chase’s acquisition of Washington Mutual Online Banking, the Washington Mutual CD rates were always some of the best bank interest rates.  Since the takeover by Chase Bank, the WaMu certificate of deposit rates have fallen, but they are still high CD rates.

WaMu 5% 5 Year CD Rates:

One of the best WaMu CDs right now is the WaMu 5 year CD.  These currently carry 5% 5 year CD rates.  For a WaMu 60 month CD, 5% CD interest rates are great current CD rates.

12 Month WaMu Certificate of Deposit:

The 12 Month WaMu certificate of deposit is currently paying a 2.75% high rate certificate of deposit.  While 2.75% APY is the the highest current cd rates for 12 month CDs, it is still a high rate certificate of deposit.  If you are a WaMu customer, you might not care about finding the highest currect cd rates, but instead the ease of saving money with WaMu outweighs the reduction in CD interest rates.

So check out the Washington Mutual CD rates.  I think that you will like the WaMu 5% 5 year CD rates.

Washington Mutual CD rates have decreased slightly since the Washington Mutual JPMorgan Chase acquisition.  However, the WaMu CD rates are still very competitive.  Here is a list of the current CD rates along with the associated CD terms.

Only time will tell if these rates stay competitive, but for now these WaMu CD rates are worth taking a look at.

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.

Many people are wondering what will happen to their Washington Mutual accounts now that WaMu has been acquired by JPMorgan Chase.  Will our WaMu savings accounts be terminated?  Will we continue to be able to buy WaMu CD’s and get those great WaMu CD rates?  Well, hopefully this article on Washington Mutual accounts after the JPMorgan Chase acquisition will help to answer these questions for you.

Will our Washington Mutual Savings Account stay open?

The answer to this question seems to be yes.  JPMorgan Chase has stated that all Washington Mutual accounts will remain valid.  The washington mutual account numbers will remain the same and your accounts will still be held as Washington Mutual Accounts.  The name of the account will not change to JPMorgan Chase or Chase Bank.

Can we continue to use our Washington Mutual Check Card and Checks?

The answer to this is also yes.  Your Washington Mutual checking account will remain the same.  You can continue to use your WaMu debit card, WaMu ATMs and WaMu branch locations.  However, it looks like we will also be able to soon use Chase Bank ATM machines.  This is great news.

Will Chase change the name of the Washington Mutual branch locations, credit cards, debit cards and checks?

The answer to this question is yes.  JPMorgan Chase will eventually change the Washington Mutual name to Chase.  Eventually the Washington Mutual branch locations will be renamed Chase Bank.  As your Washington Mutual credit cards and debit cards expire, they will be reissued as Chase Bank cards.

I just saw that the WaMu Online Savings Account is now at 4.00% interest.  In order to qualify for this 4% washington mutual online savings interest rate, you need to also open a WaMu checking account.  However, since the WaMu checking account is free,  use this coupon to sign up for the 4% wamu account.

The Washington Mutual online savings account used to pay 3.75% interest.  Even at the old interest rate, it was one of the best online savings accounts.  But now that Washington Mutual online banking is paying 4% interest, you can’t beat it.

Don’t forget that you have to sign up for both the WaMu free checking account and the WaMu online savings account together.  You don’t want to miss these high interest rates.  Again, use this WaMu coupon to receive the high interest.

Washington Mutual online banking keeps increasing their cd rates.  Earlier this month we reported that the 12 month WaMu CD was at 4.50%.  Now Washington Mutual cd rates are being raised again.  A great way to buy washington mutual certificates of deposit is to have a free checking account and wamu savings account.  Use this coupon to sign up for the 4% wamu savings account.

Washington Mutual Cd rates for a 12 month CD are now at 5%.  If you are in the market for a relatively short term CD, these WaMu CD rates are very attractive.

Washington Mutual online banking is competing very aggressively for people who want to invest in certificates of deposits.  With the WaMu CD rates now at 5% these Wamu CDs are some of the highest paying 12 month CDs in the country.

The 12 month WaMu CD is now paying a 4.50% annual percentage yield.  This is a very good interest rate (4.41%) for a short-term 12 month certificate of deposit.  If you are looking for high interest cd rates, this 12 month Washington Mutual CD might be a good option.  A great way to buy a washington mutual CD is to have a free checking account and wamu savings account.  Use this coupon to sign up for the 4% wamu savings account.

In a recent article, we discussed the 8 month WaMu CD that is earning a 4.25% APY.  This 4.25% APY is a very good cd rate, but for an additional 4 months you can earn a .25% higher interest rate with this 12 month wamu certificate of deposit.

Washington Mutual online banking keeps coming out with great CDs.  If you would like to learn more about Washington Mutual cd rates, that article provides and overview of the different types of WaMu CDs.  If you are a Washington Mutual online banking customer, check out this WaMu Cd.

The WaMu online savings rates have been raised to 3.75%.  Prior to this latest WaMu rates increase, the APY on the WaMu savings account was 3.30%.  This new Washington Mutual 3.75% APY now makes WaMu one of the best savings accounts you can open a savings account with.

UPDATE: WaMu online savings rates are now 4.00%.  Use this coupon to sign up for the 4% wamu savings account and free wamu checking account.

One important thing to note is that in order to get these 3.75% wamu online savings rates, you need to also open a WaMu online checking account.  If you do your banking with WaMu online banking, then you should definitely consider open a WaMu checking account and opening a Washington Mutual savings account so that you can get this high interest savings rate.

This high interest savings account offers one of the highest savings rates in the United States.  If you are scared about doing your banking online, the WaMu.com online banking site makes it extremely easy to open a WaMu checking account and a Washington Mutual savings account.

If you are comparing high interest savings accounts, you should check out the wamu online savings rates.  If you have any questions about Washington Mutual savings accounts or washington mutual online banking, please leave your questions in a comment below.