Each bank use many strategies to attract new customers to open an account with them, for instance by promoting new offers on every corner. But then can happens that they receive an additional fee and more of them may feel a bit irritated.
I’ve heard a lot well about Washington Mutual banks. It considered as one of the leading and fastest financial services companies. To register for an account, all you need to do is to provide the information needed to complete an online form. For you own protection WaMu has several different types of security.
Washington Mutual’s provides many activities to consumers and small businesses such as retail banking, consumer lending, mortgage lending, business banking, insurance services, commercial real estate mortgage, business lending, credit card services, and consumer investment services.
For free checking account, Washington Mutual has a very nice offers 3.30% APY online Savings Account that requires a $1 minimum to open. If you are considering to use this special Savings Account, I did some research and I’ve put all the details I have been able to uncover.
Checking account features:
- New member can start with only: $1 minimun Opening Deposit.
- No fees or service charges.
- Free checks for life.
- WaMu Online Savings Account only offers that one overdraft refund per year.
- As I mentioned in the introduction, the statement savings account has: A competitive 3.30% APY on all balances(as of 5/08). For me it’s the most attractive thing.
- Last, but not least important features is the Instant transfer to/from the free checking.
How To Add A High-Yield Savings Account At Washington Mutual Bank
Washington Mutual launched a new high-yield savings account that must be opened in conjunction with a WaMu Free Checking account. When you click on ‘Start Now’ you’ll get both applications at once.
These points illustrate the step-by-step procedure.
- Go to the page.
- Clicking on the “Apply Now” button you apply for a free checking account.
- Apply for both another Free Checking and the 3.30% Savings (you should see both).
- Add your usual personal information and answer some identity verification questions.
- Now you you can transfer $1 from your existing checking account into the new one.
- Now, you should get this message: “Your WaMu free checking and statement savings accountss have been created and will be available online in the next 10-15 minutes. Please log in to www.wam.com at that time”
- Once you’ve waited a few minutes you should see your new 2nd checking account and new savings account.
- Go on your left menu bar into my account> account details. You should see the 3.30% rate.
With these free excellent features, it’s worth open an account to online banking at WaMu. Regardless of their banking needs, Wamu seems to cater to all individual banking requirements.
