Wamu Reviews : Washington Mutual Online Saving Account

May 10, 2008

Online banking allows you to manage your money more easily, and earn a competitive return. This page helps you get started out on the right foot. Since the beginning of online banking, the main attraction has been the rate (APY). Online banking accounts typically pay a higher rate of interest than you can get from a brick and mortar competitor. Washington Mutual is one of the best Saving Accounts that you can find they offer a 3.30% APY compared to one of the biggest online banking like ING that offers 3% Only.

What exactly is an internet bank account? For our purposes, it means an account that’s only offered online. While you may be able to bank with the same institution the old-fashioned way (in person), internet bank accounts are usually only offered to online users.

Aside from the ability to bank in your bathrobe, what are the major advantages of internet bank accounts? The answer is simple: Annual Percentage Yield (APY). So Wamu offering the same features as others and some other extra that others will not give you, with a support 100% satisfactory. You will have a guarantee rate money market with Wamu and as well you can open Statement Savings, Online Savings and Online CD. You cna check FDIC to see what the FDIC Gov site is saying about Wamu.

Posted in Banking & Saving Accounts