Comments on: WaMu CD Rate Update: 5.00% APY, 12-Month CD http://www.bargaineering.com/articles/wamu-cd-rate-update-500-apy-12-month-cd.html personal finance blog with anecdotes, advice and commentary. Sun, 22 Nov 2009 02:01:03 -0500 http://wordpress.org/?v=2.8.5 hourly 1 By: Scott http://www.bargaineering.com/articles/wamu-cd-rate-update-500-apy-12-month-cd.html/comment-page-1#comment-285558 Scott Tue, 23 Sep 2008 23:39:21 +0000 http://www.bargaineering.com/articles/?p=3503#comment-285558 Ralph- yes I am. WaMu is offering above market rates for a reason. Why? Need for cash? Anytime a place is significantly above going rates that is red flag territory. I know, But it is FDIC insured. Yes, it is. However, Indymac aside, if Wamu goes down then what? I have no desire to fill out an FDIC claim form and then wait how long for my money. Do I get interest while I wait? (no) Seriously, Maintain FDIC at all times, watch you registration types, single, joint, trust, know the FDIC rules and buyer beware. Good Luck Ralph- yes I am. WaMu is offering above market rates for a reason. Why? Need for cash? Anytime a place is significantly above going rates that is red flag territory. I know, But it is FDIC insured. Yes, it is. However, Indymac aside, if Wamu goes down then what? I have no desire to fill out an FDIC claim form and then wait how long for my money. Do I get interest while I wait? (no)

Seriously, Maintain FDIC at all times, watch you registration types, single, joint, trust, know the FDIC rules and buyer beware.

Good Luck

]]> By: ralph http://www.bargaineering.com/articles/wamu-cd-rate-update-500-apy-12-month-cd.html/comment-page-1#comment-284497 ralph Sat, 20 Sep 2008 18:03:42 +0000 http://www.bargaineering.com/articles/?p=3503#comment-284497 Anyone here concerned with the possiblity of WAMu going bankrupt since it was rated junk bond status as of 9/15/08? Anyone here concerned with the possiblity of WAMu going bankrupt since it was rated junk bond status as of 9/15/08?

]]> By: jim http://www.bargaineering.com/articles/wamu-cd-rate-update-500-apy-12-month-cd.html/comment-page-1#comment-280870 jim Mon, 08 Sep 2008 23:50:06 +0000 http://www.bargaineering.com/articles/?p=3503#comment-280870 Awesome! Glad I was able to help. Awesome! Glad I was able to help.

]]> By: bigdon http://www.bargaineering.com/articles/wamu-cd-rate-update-500-apy-12-month-cd.html/comment-page-1#comment-280867 bigdon Mon, 08 Sep 2008 23:34:53 +0000 http://www.bargaineering.com/articles/?p=3503#comment-280867 Jim- You are correct. the aug. rate ended 8/29 and new rate started 9/8. I'm glad I read your article this morning. I was able to get the 5.0% instead of the 4.5% that I created last week. Jim- You are correct. the aug. rate ended 8/29 and new rate started 9/8. I’m glad I read your article this morning. I was able to get the 5.0% instead of the 4.5% that I created last week.

]]> By: jim http://www.bargaineering.com/articles/wamu-cd-rate-update-500-apy-12-month-cd.html/comment-page-1#comment-280762 jim Mon, 08 Sep 2008 16:27:35 +0000 http://www.bargaineering.com/articles/?p=3503#comment-280762 bigdon - It says "Rates effective 09/08/2008." bigdon – It says “Rates effective 09/08/2008.”

]]> By: bigdon http://www.bargaineering.com/articles/wamu-cd-rate-update-500-apy-12-month-cd.html/comment-page-1#comment-280759 bigdon Mon, 08 Sep 2008 16:19:09 +0000 http://www.bargaineering.com/articles/?p=3503#comment-280759 The 5.00% was a one month promotion that eneded 9/1. They still offer a 12-mo. at 4,5% . The 5.00% was a one month promotion that eneded 9/1. They still offer a 12-mo. at 4,5% .

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