WaMu is back advertising some of the best CD rates available.  We found one ad in the
Spokesman-Review on Sunday November 23, 2008.  The ad by Wamu, which is part of JPMorgan Chase Bank now, promotes the banks three year term CD and five year term CD.  The three year CD has an interest rate of 4.00% and the five year CD has a yield of 5.00%.  The five year CD is the best five year CD rate offered in Washington.  Both CD accounts require a WaMu checking account.  The minimum deposit for the accounts is $1,000.00.  The ad states the CDs can be opened at a WaMu bank branch or by calling the number given, 866-808-1396.  The rates apparently are not available online.  The web address for the bank is www.wamu.com.  Deposit products for WaMu are serviced by JPMorgan Chase Bank.  Wamu bank products are offered separately from Chase bank products.

JPMorgan Chase acquired WaMu’s banking operations from the Federal Deposit Insurance Corp. on Sept. 25, 2008.  Backed by the $2 trillion JPMorgan Chase, WaMu’s 2,200 branches and nearly 5,000 ATMs will continue using the WaMu brand for the near future.  However, Chase and WaMu customers can now make withdrawals and balance inquiries with no fee at any Chase or WaMu ATM.  Chase and WaMu have ATMs in 27 states.  The collective bank customers will eventually be able to make deposits at the combined network of ATMs and have access to a network of more than 5,400 branches as computer systems are converted.  For all bank products and services certain conditions may apply, see the bank for details.

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