Washington Mutual Bank Certificates of Deposit Rates

Washington Mutual Bank (WAMU) is an every-time bank meant for middle-market consumers, small businesses and commercial customers. Its products saves your time, money and provides you hassle free services. With its industry leading personalized customer service it stands out from its competitors. In addition to the financial services it offers a comprehensive range of Deposit Products. You can easily meet your monetary goals by investing your funds with WAMU bank.

Certificates of Deposit offer lucrative rates of return. Given below is an explanation of the rates offered on different CD types:

Traditional CD:

CD of $1 – $9,999 deposited for 1 – 3 months earns 1.00% interest, 1.00% APY. The same amount deposited for 48 – 120 months earns 4.89% interest, 5.00% APY.

CD of $10,000 – $24,999 deposited for 1 – 3 months earns 1.00% interest, 1.00% APY. The same amount deposited for 48 – 120 months earns 4.89% interest, 5.00% APY.

CD of $25,000 – $49,999 deposited for 1 – 3 months earns 1.14% interest, 1.15% APY. The same amount deposited for 48 – 120 months earns 4.89% interest, 5.00% APY.

CD of $50,000 – $99,999 deposited for 1 – 3 months earns 1.19% interest, 1.20% APY. The same amount deposited for 48 – 120 months earns 4.89% interest, 5.00% APY.

CD of $100,000 & over deposited for 1 – 3 months earns 1.19% interest, 1.20% APY. The same amount deposited for 48 – 120 months earns 4.89% interest, 5.00% APY.

Liquid CD:

The following CD balances should be deposited for a 5 month term:

$5,000  – $9,999 earns 1.24% interest, 1.25% APY
$10,000  – $24,999 earns 1.24% interest, 1.25% APY
$25,000  – $49,999 earns 1.98% interest, 2.00% APY
$50,000  – $99,999 earns 2.13% interest, 2.15% APY
$100,000+ earns 2.13% interest, 2.15% APY

Features:
@ On maintaining a balance of $5,000 some withdrawals can be made without penalty.

Online CD:

You can start earning the below interest rates with a little amount of $1,000:

6 Months CD earns 1.98% interest, 2.00% APY
8 Months CD earns 3.54% interest, 3.60% APY
12 Months CD earns 3.93% interest, 4.00% APY
24 Months CD earns 3.93% interest, 4.00% APY
36 Months CD earns 3.93% interest, 4.00% APY
48 Months CD earns 4.07% interest, 4.15% APY
60 Months CD earns 4.41% interest, 4.50% APY

Features:
@ For procuring the APY as effective on the date of application, the Online CD Account should be funded within seven days.

Retirement CD:

CD of $1 – $9,999 deposited for 1 – 3 months earns 1.00% interest, 1.00% APY. The same amount deposited for 48 – 120 months earns 4.89% interest, 5.00% APY.

CD of $10,000 – $24,999 deposited for 1 – 3 months earns 1.00% interest, 1.00% APY. The same amount deposited for 48 – 120 months earns 4.89% interest, 5.00% APY.

CD of $25,000 – $49,999 deposited for 1 – 3 months earns 1.14% interest, 1.15% APY. The same amount deposited for 48 – 120 months earns 4.89% interest, 5.00% APY.

CD of $50,000 – $99,999 deposited for 1 – 3 months earns 1.19% interest, 1.20% APY. The same amount deposited for 48 – 120 months earns 4.89% interest, 5.00% APY.

CD of $100,000 & over deposited for 1 – 3 months earns 1.19% interest, 1.20% APY. The same amount deposited for 48 – 120 months earns 4.89% interest, 5.00% APY.

*All the above rates are accurate as of 07/10/2008.
**All the above rates have been noted for the Zip Code 91108, San Marino, CA. You may fill in your code to get your rates.

Common features of different CD Account types:
@ Requires a minimum deposit of $1,000.
@ Interest Rate and APY may be affected for renewal term by withdrawals and deposits during the grace period.
@ Penalty may be imposed for early withdrawal.
@ Your funds are FDIC insured.

WAMU Bank has been providing financial products and services for over 100 years now. It has a broad vision and strong core values that has made it one of the most successful banks of the nation.