WaMu Drops Online Savings Account to 3.00% APY

10.07.08 | Online Savings Accounts | 0 Comments | by junger

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Washington Mutual has dropped the interest rate on its online savings account to 3.00% APY (via Bank Deals).

WaMu had upped their OSA all the way to 4.00% APY in the past few months, so this is a pretty big drop.

It's not a huge surprise, especially with the recent news of their acquisition by JP Morgan Chase.

The drop takes them pretty far out of contention for the highest online savings accounts currently available.

If you're looking for a good place to stash your money, consider an online savings account from DollarSavingsDirect (3.75% APY), FNBO Direct (3.50% APY), WT Direct (3.26% APY) or HSBC Direct (3.25% APY).

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