Comments on: WaMu Increases Online Savings Account Rate to 4.0% APY

By: Whoo hoo

Whoo hoo — Tue, 23 Sep 2008 22:56:06 +0000

Whoo hoo!

By: jim

jim — Tue, 23 Sep 2008 17:39:59 +0000

It will apply to all accounts, new and existing.

By: kim

kim — Tue, 23 Sep 2008 17:36:45 +0000

Does this APY only apply to new accounts? or to existing accounts as well?

By: EN

EN — Tue, 23 Sep 2008 05:02:37 +0000

^I agree. I haven’t received that email yet but the rate hike is good news for me and FDIC makes it all peachy.

By: jim

jim — Tue, 23 Sep 2008 03:59:29 +0000

It’s all FDIC insured so I don’t see a reason to say no to 4.0% (unless your money is already at 3.50% or 3.25%, because the transit time negates any additional interest).

By: Frugal Dad

Frugal Dad — Tue, 23 Sep 2008 01:28:36 +0000

So the rate hike is an effort to draw new deposits? I wonder if it will work given the troubling news on WaMu here lately. I have to admit, the 4.0% rate is tempting!

By: aa

aa — Tue, 23 Sep 2008 00:36:02 +0000

Bankruptcy is near with the rate hike…