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.

This entry was posted on Wednesday, May 21st, 2008 at 3:57 am and is filed under Checking Account, Personal Finance. You can follow any responses to this entry through the RSS 2.0 feed. Both comments and pings are currently closed.

1 Comment

  1. June 6, 2008 @ 4:21 pm

    Coulee Bank ( http://www.couleebank.net ) offers an incredible 6.01% APY with their Rewards Checking account. The rate is easy to earn. All you have to do is make 10 check card transactions a month, use e-statements, and do 1 automatic payment a month (they call it ACH). Coulee Bank pays 6.01% on the first $25,000 and 1.01% on anything above that. The best thing about this account besides the rate is it is FREE, you can apply online, and it is from a great bank with real people that answer the phone. And as they like to say, Banking Green has its Rewards. The Rewards Checking account saves paper and preserves our natural resources. No wonder I feel good about recommending this to everyone I know. Check it out. I guarantee you will love it.

    Posted by Tony Roberts