Savings Accounts
Posted by admin under Commercial post on May 30th, 2008.There are several ways to earn extra money. And Savings Accounts are one of the popular ways for most people. All commercial banks and other finance company must be providing the saving account service product. But on each company, features and benefits of this service may be vary depend on its term and condition. Anyway, all of saving accounts service product offer at least the finance security for customer’s money. Caused of hard competition of savings account service product, some of banks offer a saving account service with no monthly fees, no minimum balances, and no minimum opening value.
Washington Mutual, Inc or called WaMu is one of online Bank Company, which provide those services above. This company focusing on commercial customers, small businesses, and middle-market consumers. The differences between WaMu and other online banks is on their positioning market and also their rates.. They decide to call themselves with WaMu to get image brand as a familiar financial institution. WaMu will be imagined as a friendly and fun company that serves their customers with warm and informal services.
They also have a different rate for savings accounts product. WaMu offers 3.30% APY rate, only $1 to open account, and no monthly minimum balance. But other conventional banks will offer only 1.96% to 3.15% APY rates for saving account service product with the same opening account.
