Comments on: Washington Mutual Acquired by JP Morgan Chase

By: jim

jim — Fri, 26 Sep 2008 14:54:43 +0000

They’re making it sound like they’re going to keep things stable for a while. I’m going to leave my cash where it is for now, no sense making decisions based on woulda’s and coulda’s.

By: Tyler

Tyler — Fri, 26 Sep 2008 14:51:56 +0000

Man… I dont know if this is a good thing or a bad thing. I decided to stick with WaMu (Because I don’t have enough money to really worry and because of the 4% APY savings account).

Chase offers 0.1% APY for savings, and 0.0% APY on checking unless you have over $50,000 in there.. and even then its a measly 0.01%.

Chases Savings requires a minimum balance of $300 or you get hit with a $4 fee.

Their checking either has a high balance to be free, or you have to purchase 5 things per month (among other ways) with your debit card.. which is fine. So checking I’m not totally against.

But one of the things that drew me to WaMu was:
1) Free Checks
2) 4.00% APY on Savings
3) Free Checking
4) Free Savings

I’m torn between sticking with them and going elsewhere.

By: Shehzada

Shehzada — Fri, 26 Sep 2008 14:45:36 +0000

You warned us about Washington Mutual a few weeks ago. And now its 5 ‘oclock news. Thanks for the heads ups.

By: Yummy

Yummy — Fri, 26 Sep 2008 02:22:52 +0000