Savings accounts are accounts maintained by retail financial institutions that pay interest but can not be used directly as money (by, for example, writing a cheque). These accounts let customers set aside a portion of their liquid assets while earning a monetary return.
One of financial institution that offer Savings Accounts is WaMu. They offer 5 types of saving account:
1. Online Savings
By using this service you can manage your savings account online with Online Banking and electronic statements.
2. Statement Savings
This is WaMu’s basic savings account. It is a high yield Statement Savings account online. You can transfer funds from your WaMu checking account to your Statement Savings account with the Automatic Savings Plan.
3. Traditional CD
Traditional CD (Certificate of Deposit) is one of WaMu’s service. It is a high CD interest rate. you can add funds to your certificate of deposit with the Add-On Feature, or adjust to a higher interest rate with the Bump RateĀ® feature. You are also able to manage your certificate of deposit with personal online banking.
4. Online CD
This is online certificate of deposit from WaMu. Get this great certificate of deposit rate and avoid bank lines. This service comes with free personal online banking, and online account statements.
5. Liquid CD
By using this Liquid Certificate of Deposit (CD), you can lock in a high CD rate and make unlimited add-on deposits, and also get fluid access to your money.
Those are the Savings Accounts service offered by WaMu. It is time for you to choose which one is right for you.You can also subscribe here to get this site update in your email.