I got a nice 4 percent APY online savings account from Washington Mutual with a free checking account. I find it very interesting because I have a savings account with Brick and Mortar WaMu that pays me only 0.50% interest.
I get the benefits of free ATM cash withdrawals with the new savings and checking account. I can start with an opening balance of $1. There are some more benefits like other banks like cash back for debit purchases, free checks for life. One thing that I find attractive is the free overdraft/NSF fee waiver program every year. Other banks charge a lot of NSF/Overdraft fees. I have the facilities of free outbound wire transfers and a high yield 4% interest savings account.
There are several great features offered by WaMu along with services. The sign up process for a new account is very simplified. Besides, there are security features so that the online transactions remain protected.
There is a 24 X 7 online banking facility so that I don’t have to wait for my monthly statements to be mailed. This helps in balancing the checkbook. I find it very easy when everything is just one click away from a mouse. I don’t have to pay any charge for these numerous services.
I can also pay my utility bills online. I don’t need to pay any fee for these services. They are offering it to attract large number of consumers. I can schedule a day for certain bills to be automatically paid. I just have to call the customer care and give standing instructions. I know there are other banks that charge a certain percentage for this kind of service.
You can order a new checkbook online. This is an ideal feature for people who don’t have the time to go to the banks to put such small requests. A few of the others features that I get to enjoy with my WaMu account is the online stop payment on a check, get a copy of a paper check returned to my address.
With so many added features with WaMu and the 4 percent interest rate, I am sure many people will be interested towards opening accounts and enjoy the variety of services.
