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I came across a site that put up WaMu as their site name. In malay, Wa means “saya” (I or me) meanwhile Mu means “kamu” (you). So, in this context, they have chosen a right name for a website that provides many savings services to their customer and yes, this done online. What this website trying to do? They want you to open savings accounts with them. Now, before you continue reading, this post is intended especially for American citizen. So, let us continue.

What kind of savings accounts? Well for start, they have the ordinary online savings. This mean you open an online savings to manage it through internet or as it is normally known, online banking. Another savings account you can open with WaMu is statement savings which is the WaMu’s basic savings account.

The third kind of ties you can have with WaMu is Traditional CD. What is CD? CD is Certificate of Deposit. You can save a lot with Traditional CD because it is lock with high CD interest rate. And then, you have this so called Online CD. What is the advantages of Online CD? First and foremost, you don’t need to line-up in bank. Second, you can have your personal online banking and online account statements. Last but not the least, is the Liquid CD. What is the difference between the Traditional CD and Liquid CD? With Liquid CD make unlimited add-on deposits and you get fluid access to your money.

So, it is up to you to open savings accounts at WaMu. There are five accounts to choose from and you can do all of this online.

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This entry was posted on Saturday, May 10th, 2008 at 2:35 pm and is filed under Review. You can follow any responses to this entry through the RSS 2.0 feed. Responses are currently closed, but you can trackback from your own site.