QUOTE
B&M or phone, YMMV.
"Washington Mutual has just started rolling out a new account called Savings for Success. It's not listed on WaMu's website. A reader saw it being offered at a Chicago branch, and emailed me info on this. I just called WaMu and received some additional details. This new account is designed to help small-time savers. The minimum deposit is $1 and the maximum deposit is $500. Then each month you can add between $25 to $500 a month by automatic transfers from your WaMu checking. The yield of 7.00% APY is guaranteed for 12 months. At the end of the 12 months, the money is moved into a WaMu sweeps account where you can start the Savings for Success account again (at a new rate) or transfer it out. During the 12 months, it's like a CD in that early withdrawal penalties apply. A WaMu checking account is required.
I was told on the phone that the 7% Savings for Success is available to anyone in Illinois or Texas if you open by phone. It's also available by phone for those in Georgia and Washington State, but the yield is only 6% APY."
Someone also confirmed that it's available in California.
______________________________________________________________
Start with $500 (the maximum possible) and keep topping up your account every month with additional $500 (again, the maximum possible). At the end of the year, your investment is worth $6225.15.
7% Qualifying States-
California
Illinois
Texas
"Washington Mutual has just started rolling out a new account called Savings for Success. It's not listed on WaMu's website. A reader saw it being offered at a Chicago branch, and emailed me info on this. I just called WaMu and received some additional details. This new account is designed to help small-time savers. The minimum deposit is $1 and the maximum deposit is $500. Then each month you can add between $25 to $500 a month by automatic transfers from your WaMu checking. The yield of 7.00% APY is guaranteed for 12 months. At the end of the 12 months, the money is moved into a WaMu sweeps account where you can start the Savings for Success account again (at a new rate) or transfer it out. During the 12 months, it's like a CD in that early withdrawal penalties apply. A WaMu checking account is required.
I was told on the phone that the 7% Savings for Success is available to anyone in Illinois or Texas if you open by phone. It's also available by phone for those in Georgia and Washington State, but the yield is only 6% APY."
Someone also confirmed that it's available in California.
______________________________________________________________
Start with $500 (the maximum possible) and keep topping up your account every month with additional $500 (again, the maximum possible). At the end of the year, your investment is worth $6225.15.
7% Qualifying States-
California
Illinois
Texas
thanks bogelo