Comments on: WaMu 5.00% APY 1-Year CD

By: June

June — Thu, 04 Dec 2008 17:06:12 +0000

I opened a WaMu Online CD on 9/4/2008 and confirmed their micro-deposit on 9/6/2008. But they had no response after that.
Because this was my first time opened a CD account, I didn’t know it is abnormal until I receive an e-statement with $0.00 balance.
I asked them three times about this problem. Finally, they funded my account just on the day the rate down to 3%(Oct. 7th). And I get the rate 3%.
My second CD account is HSBC Online CD. I opened it on 10/22/2008. This time I knew I need to follow up. I asked them to transfer initial deposit for three times before my account was funded on 11/11. They debited two fund from my resource account.

By: Dilip

Dilip — Fri, 17 Oct 2008 17:35:46 +0000

WaMu Online CD information said 5% for 13 months. I opened up two accounts, but none of them went through and got processed. It is frustrating to see banks advertise and no one really followed up. I do not still have any money getting this percent offer. Bank needs to follow up on these complaints.

By: Ted Kazinski

Ted Kazinski — Thu, 09 Oct 2008 19:12:47 +0000

Did anyone else receive this retard reply after having problems with their customer service:

Thank you for letting me know about this issue. I regret any
inconvenience it may have caused.

Unfortunately, more information is required to research your inquiry.

We’re sorry for the misunderstanding.

Have a great day!

Sincerely,

Myrna Fitch
WaMu Customer Service

By: Michael Jackson

Michael Jackson — Thu, 09 Oct 2008 13:43:11 +0000

I tried opening a online cd and have a lot of problems, made calls to customer service and was given misleading information, which is unacceptable to me.
I never did fund the cd and I’m glad because I’ll never do business with them again.
Too many other honest places out there.

By: jimmy

jimmy — Wed, 08 Oct 2008 00:34:10 +0000

5% rate for 12 months gone as of the today as James posted. If u signed up near the end be careful, rate is only good if account is funded in 7 calendar days (small print) otherwise u get the new 3% rate.

By: James

James — Tue, 07 Oct 2008 16:11:17 +0000

now it’s 3% CD

By: professor

professor — Mon, 29 Sep 2008 22:31:16 +0000

I wanted the $100 in overdraft just for that lame best free checking account. I spend 6 weeks in Fla over christmas and my electric bill was being deducted directly from my checking account. So, I just wanted it in case the bill wasn’t forwarded to Boca while I was away. AND I’ve never had to use overdraft, but they offerred it to me at the branch so I went for it.
And yet WM turned me down with 525k in cds.

By: professor

professor — Mon, 29 Sep 2008 22:26:20 +0000

The fdic REMOVED the need for qualified Benies last friday. YOU can put anyone down now! I also thought of this 1 year at 5, but I have been doing 5 years at 5.10-5.35 instead. We are in for a nasty few years.
I also did a 10 year at 6 and another at 7.5.
I hope my 2m won’t disappear.

By: Gail

Gail — Mon, 29 Sep 2008 16:43:16 +0000

If you have a Will designating the person or persons who should inherit your money upon death, do you still need to have a benificiary or POD on your C.D.? I am asking about accounts that do not go beyond the FDIC insured limit of $100,000.

By: Allan

Allan — Mon, 29 Sep 2008 15:38:22 +0000

to the math professor – how can one be so educated (supposedly) yet unable to put simple sentences together using everyday grammer….

500k in cd’s and you need overdraft protection? what kind of math professor are you if you cant keep a checkbook…

By: yin

yin — Sun, 28 Sep 2008 04:30:05 +0000

POD = payable on death. if you die, your money goes to your kids

By: Saving Fool

Saving Fool — Sat, 27 Sep 2008 21:22:06 +0000

What are POD’s?

By: professor

professor — Fri, 26 Sep 2008 06:56:35 +0000

make sure you have your PODs on your account
WM died today

By: chris

chris — Fri, 26 Sep 2008 01:59:46 +0000

bought.

By: James

James — Tue, 23 Sep 2008 04:39:30 +0000

It’s back !

By: Greg

Greg — Mon, 22 Sep 2008 02:50:00 +0000

(Partly in response to Joyce on 9/17) FDIC may insure you to 100K, but remember to adjust what you actually put in, considering the interest that will accrue. By adding siblings (etc) as beneficiaries (POD, ITF) you can increase your coverage. Just be sure to get those benef’s listed as soon as you open your account. The FDIC EDIE calculator is great for planning this or confirming what amount you are covered to. Stuff hard learned from being burned at IndyMac.

By: John

John — Fri, 19 Sep 2008 15:39:43 +0000

A
Anybody still getting a 5% CD for 13 months in southern CA….?

By: John

John — Fri, 19 Sep 2008 15:38:30 +0000

Joyce, Where do you live? Which Branch?

By: James

James — Thu, 18 Sep 2008 17:14:52 +0000

Washington Mutual is for sale !

By: joyce

joyce — Wed, 17 Sep 2008 22:53:04 +0000

I just walked into my local WAMU and was told I could still get 5% on the 13 mo CD. I’m getting a $100,000 CD so I don’t know if that was the reason for extending the deadline.