The Washington Mutual 4.25% Online Checking & Savings Account is one of the hottest products of the year. This is a high yield interest online savings account that offers features unmatched by other Internet banks.
For instance, you can withdraw your money at any WaMu ATM for free. Another perk is that there is only a $1 minimum balance to open an account. In addition, the debit card that comes with the account pays cash back.
Also, since this is a checking account, it comes with the usual FREE checks for life. In many ways, the WaMu online savings account is way better than what they offer in the brick & mortar bank, because if you open the account at your local branch, you definitely don’t get the *Internet Only* interest rate.