What’s the best rate for 12-month CD? WaMu 5% APY rate is the highest in the country. The 5% APY CD from Wamu is back for another week. This is a great rate especially with the convenience of its 3.75% APY savings account. If you are doing credit card arbitrage using these 0% APR cards, then stick it into the 5% CD rate is a good idea.
Steps to take:
- Open its Free Checking and 3.75% APY Savings account
- Within your account, you can now fund your online 5% APY 12 or 13-month CD instantly via ACH transfer.
- Minimum funding for CD must be $1000.
You might be hearing that WaMu is one of the troubled banks. No worry! As always, keep it under $100K FDIC insured coverage. You are safe my friend! The rate is great and you can’t lose the money.