**Online Savings: Annual Percentage Yield (APY) effective as of 3/12/2008 on tiers $0-$9,999 and $10,000 and above. After account is opened, interest rate and APY may change at bank's discretion. Fees may reduce earnings. Minimum balance to open Online Savings is $1; minimum balance to earn APY on savings is minimum balance stated for applicable tier. The advertised APY applies to Online Savings only when opened online with WaMu Free Checking or linked to other WaMu checking account. If your checking account is closed for any reason (by you or us), or transferred to another kind of account, standard APYs/rates apply. Online banking and online delivery of statements also required. APY does not apply to WaMu Free Checking Account.

what's your point?

can someone lend me a dollar?

I have a wamu account, and it worked out very well for me, I collected $1600 in interest last year alone.

It used to be that eTrade savings was king of the kill. Now it's all the way down to 3.45 % from over 5%! Damn....

With the upcoming interest rate cute by the fed, I'd be surprised if Wamu keeps paying out 4%.

oh the one thing to remember with wamu is that you can only do 6 online transfer using the internet per month. If make over 6 savings account transfers in one month they charge you 10 dollars and tell you that if you continue to use your account in such a way they will close your account.

WaMu = Washington Mutual, correct? And it says free checking account with Savings, is there a minimum or fees involved?

I currently have Presidential and it's free to transfer in but there are fees to transfer out. However you can request a check for free. I wasn't sure if this was all standard.

try this one --> https://www.fnbodirect.com/01d/html/en/

This is the time to pay off your debts, not to save.

WAMU sucks

Seems to be updated every other week or so: http://www.savingadvice.com/forums/investing-banking/19240-online-savings-accounts-current-rates.html?highlight=online+savings+accounts

I hope this is not a money market rate as it is not covered under the FDIC insurance! Also take note that the Fed has a list of bank that could possible failed or a run down on the branches for money... I believe WaMu could be one of them ... See CNBC Madmoney too on WaMu and the CEO as well as the management team sucks ... There will also be a number of smaller banks that will go belly up ...

#7, this is the case for any online savings account no matter where you go. It's actually mandated by good old Uncle Sam

#13, where is this list you are talking about?

#7, that's not WAMU, that is a federal thing. You can't use your savings account as if it were a checking account which is why they max you out at 6 transfers per month. Once you exceed that limit, they give you a warning and possibly a fine as you said. If you do it more than a 2 or 3 times in a year, they are required by law (or something like that) to convert your account to a checking account or close your account altogether.

http://www.provident-direct.com/

WaaHoo

I do more than 6 with my emigrant direct with no problems. Maybe it's how they structure the account? It's certainly not a universal thing.

#19 how are you doing more than 6 (if you mean 6% interest) if they now are down to 3.30%?