If you’re a Washington Mutual customer, you’re in luck. WaMu has a 12-month online CD that has a nice fat yield of 4.50% APY that’s available nationwide. When you couple that with a free checking and savings account offering a 3.75% APY (the best among all the high yield savings accounts), you have a one-two punch that simply can’t be beat. If you have a local branch nearby, that pretty much cements the deal right there because you’re no longer talking about internet-access-only… one of the biggest risks of online bank accounts.
While you don’t need the online account to get the CD, it facilitates maximum interest earnings because the funds can go right back into a high yield account rather than bouncing around low rate accounts until you find them a nice home. For more information, check out the 12-month CD rates at WaMu.
Tags: Washington Mutual
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