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09-26-2008, 06:20 AM
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#1
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Recycles dryer sheets
Join Date: Apr 2008
Posts: 157
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WaMu CD rate @ 5%
So I go and check out www.wamu.com and notice that they have a 5% CD rate for 12 and 13 month terms. I'm tempted to sign up for it, but is this the right time since JP Morgan Chase just bought them out?
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Instead of getting angry I just LOL. Can't waste time with stupid people.
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09-26-2008, 06:25 AM
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#2
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Thinks s/he gets paid by the post
Join Date: Jun 2006
Location: Central, Ohio, USA
Posts: 2,635
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Makes sense to me to do it. I would be interested to know if you can get it today! Maybe you or someone else will try and let us know. I would but I'm broke.
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Vietnam Veteran, CW4 USA, Retired 1979
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09-26-2008, 08:11 AM
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#3
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Moderator Emeritus
Join Date: Feb 2004
Location: minnesota
Posts: 13,228
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It still shows 12 and 13 month CDs with an APR of 5%. The website already says Welcome to JPMorgan Chase.
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No more lawyer stuff, no more political stuff, so no more CYA
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09-26-2008, 07:14 PM
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#4
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Thinks s/he gets paid by the post
Join Date: Jun 2005
Posts: 2,450
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Wamu has had that offer going for a few weeks and signed up awhile back....My guess is that it will be gone soon with Chase in.
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- Hurry! to the cliffs of insanity!
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09-26-2008, 09:45 PM
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#5
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Thinks s/he gets paid by the post
Join Date: Feb 2007
Posts: 2,513
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Maybe not. WAMU lost $16M in deposits over the last few weeks, which caused the FDIC to seize the bank. I imagine Chase would like some of those deposits back, and their CD rates are about half what WAMU is offering for 12 months.
-- Rita
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Only got A dimple, would have preferred 2!
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09-26-2008, 11:08 PM
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#6
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Recycles dryer sheets
Join Date: Jul 2008
Location: ENE MO - near STL
Posts: 424
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 Quote:
Originally Posted by maddythebeagle
Wamu has had that offer going for a few weeks and signed up awhile back....My guess is that it will be gone soon with Chase in.
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Actually they had this offer a couple of weeks ago and closed it on Sep 12th. Now they've brought it back after the JPM takeover. So I'd assume that it won't necessarily go away soon. They don't have a close out date for it. Time will tell!
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