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Wednesday, July 23, 2008
Saving for a rainy day
Since my old house currently has a Sale Pending, I have been looking into different nvestment options. One of the things that I looked at was Savings Accounts with different banks. Washington Mutual is a local bank that I used to use for Business Banking in Titusville. The customer service associates were always very friendly and the lines were always shorter than some of those other banks. A Statement Saving account is available with a $5.00 minimum and earn 0.25% interest. They also offer many other investment options including Online Savings, Traditional CD's, Online CD's, and Liquid CD's. A 9 Month Traditional CD that is less than $10,000 is currently going for 1.25% APY. One of the other things that I really liked was that they offer a Free Checking Account that even includes Free Checks. WAMU seems to offer many free options whereas Bank of America seems to charge you for everything. I have been very negative on Bank of America lately because the last few times that I have gone in there it has taken me over a half hour to get through the line. If I had to go on my lunch, I wouldn't be able to. This is one of the main reasons that I looked at Washington Mutual. There seems to be quite a few branches in Florida, but I'm sure they are available in other states as well.