Washington Mutual (WaMu) Still Offering Savings Account at 4% APY and 1 Year CD at 5% APY after JP Morgan Chase Takeover

I just called WaMu and asked if they were still offering high rates after being sold to JP Morgan. The woman on the phone told me the 1 year CD at 5% APY and the 4% APY savings account were still active. This is a great opportunity. You can technically get very competitive rates with the security of JP Morgan Chase.

I don't know how long these rates will last. Judging by what happened to Countrywide rates after the Bank of America takeover, I'd judge not that long. But for now, they are a great opportunity for yield and safety.