Washington Mutual Bank Money Market Account Rates

Washington Mutual Bank (WAMU) was started in 1890 by funding the first home loan of $700. It is driven by excellence and meets the expectations of its customers. It has received various awards in appreciation of its financial performance, corporate citizenship and as an employer of choice. JD Power and Associates marks it as the “Top Retail Bank in Customer Satisfaction (West & Midwest Regions).” InformationWeek 500 defines it as the “Most Innovative Users of Business Technology.” It involves itself in community activities through K-12 education, civic, health and human services.

Many people rely on it for meeting their financial needs and realizing long term monetary goals. Its Money Market Account is a good option for investment. Below explained are the different Money Market Account types:

Money Market Savings:

Balance of $0 – $9,999 earns 0.10% interest, 0.10% APY
Balance of $10,000 – $24,999 earns 0.85% interest, 0.85% APY
Balance of $25,000 – $49,999 earns 2.80% interest, 2.84% APY
Balance of $50,000 – $99,999 earns 2.80% interest, 2.84% APY
Balance of $100,000 – $149,999 earns 2.80% interest, 2.84% APY
Balance of $150,000 – $249,999 earns 2.80% interest, 2.84% APY
Balance of $250,000 – $499,999 earns 2.80% interest, 2.84% APY
Balance of $500,000+ earns 2.80% interest, 2.84% APY

Guaranteed Great Rate Money Market Account:

Balance of $0 – $4,999 earns 0.15% Guaranteed Minimum Interest Rate, 0.10% Standard Interest Rate, 0.12% APY

Balance of $5,000 – $9,999 earns 1.29% Guaranteed Minimum Interest Rate, 1.00% Standard Interest Rate, 1.10% APY

Balance of $10,000 – $24,999 earns 2.23% Guaranteed Minimum Interest Rate, 1.49% Standard Interest Rate, 1.75% APY

Balance of $25,000 – $49,999 earns 2.23% Guaranteed Minimum Interest Rate, 1.49% Standard Interest Rate, 1.75% APY

Balance of $50,000 – $99,999 earns 2.23% Guaranteed Minimum Interest Rate, 1.49% Standard Interest Rate, 1.75% APY

Balance of $100,000 – $499,999 earns 2.23% Guaranteed Minimum Interest Rate, 1.49% Standard Interest Rate, 1.75% APY

Balance of $500,000+ earns 2.23% Guaranteed Minimum Interest Rate, 1.49% Standard Interest Rate, 1.75% APY

Features:
@ Opening balance of $2,500 required.
@ Guaranteed Minimum Interest Rate – guaranteed not to decrease below the introductory rate paid for 4 months for new accounts opened.
@ Standard Interest Rate – is the rate currently applicable to an account outside of the guarantee period.
@ APY – is based on Guaranteed Minimum Interest Rate for first 4 months and Standard Interest Rate for 8 months.

Retirement Money Market Deposit Account:

Balance of $0 – $9,999 earns 1.04% interest,1.o4% APY
Balance of $10,000 – $24,999 earns 1.11% interest,1.12% APY
Balance of $25,000 – $49,999 earns 1.30% interest,1.31% APY
Balance of $50,000 – $99,999 earns 1.45% interest,1.46% APY
Balance of $100,000+ earns 1.45% interest,1.46% APY

*Rates are accurate as of 07/10/2008.
**The above rates have been noted for the Zip Code 91108, San Marino, CA. You may fill in your code to get your rates.

Common features of different Money Market Account types:
@ Minimum opening balance is $10,000.
@ Earnings may be reduced by fees.
@ Your funds are FDIC insured.

With a strong foundation WAMU Bank sustained through the first & second world war and The Great Depression. It can empower you to face the thick and thin of life effectively. So enroll yourself today!