Washington Mutual Bank Savings Account Rates

Washington Mutual (WaMu) Bank believes in operating in the interest of people rather than for its sole commercial motives. It has always been making things better for people: its customers, employees and the neighbors. It offers products of the highest standards while participating in the community services also. It has made banking enjoyable and simple for the everyday people. Innovation and novelty has remained at the core of its operations. It pioneered the first home loan in 1890, started the first shared ATM network in 1970s, introduced the paperless account opening process on the internet and much more. In this manner its contribution to the banking industry had been very significant.

From retail banking to deposit products, home loans & apartment loans, it offers a wide array of financial services. It strives to become one of the nation’s premier financial services company. Under its Savings Accounts it offers two types:

Statement Savings:
You can open this account within a few minutes over the phone or by visiting a local branch.
Minimum Opening Deposit: $5
Rate Offered: A uniform interest rate of 0.25% with 0.25% APY is offered for all the balances.
Monthly Charge: $5
Minimum Daily Balance to avoid Monthly Charge: $300
No Monthly Charges for persons 19 years and under (upon request).
Easy access to funds via ATM and WAMU Branch. Deposits and Withdrawals are allowed. Funds FDIC insured.

Online Savings:
You can open this account online within 7 minutes on a computer with internet connection.
Minimum Opening Deposit: $1
Monthly Charge: $4
Minimum Daily Balance to avoid Monthly Charge: $300
No Monthly Charges for persons 19 years and under (upon request).
Easy access to funds via ATM. Deposits and Withdrawals are allowed. Funds FDIC insured.

Rate Offered: Interest rates are offered on the basis of account balance as explained below:

- Relationship Rates*:
A balance between $0 – $9,999 earns 3.25% interest, 3.30% APY
A balance of $10,000+ earns 3.25% interest, 3.30% APY
*Relationship rates are applicable incase you link your old/new Checking Account with old/new Savings Account.

- Standard Rates**:
A balance between $0 – $9,999 earns 0.25% interest, 0.25% APY
A balance of $10,000+ earns 0.25% interest, 0.25% APY
**Rates as applicable to online savings accounts without any relationship with checking account.

***All the above rates are accurate as of 07/29/2008. Plus these rates have been noted for the region of San Marino 91108. You can fill in your region and find out interest rates as applicable to your region.

For more than 100 years it has provided financial products and services to its ever growing customer base. If you have not tried any of its services, you may do it now!