Beating Broke

WaMu (formerly Washington Mutual) has announced that their interest rate on their Online Savings has been changed from 3.30% to 3.75%.  This is the second announced interest rate for a online savings in the last several weeks, so it is hopefully the beginning of a new trend.

Currently, I believe, the only way to use the WaMu online savings is in conjuction with one of their free online checking accounts.  I haven’t personally used either account, so I can’t vouch for ease of use or quality of service, but the 3.75% rate certainly puts them near the top of the list of high-yield interest accounts.

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