They got great rates now. 5% on 12 month CD @ Wamu. 4% for savings.
Wachovia has 4.15% on 12 month cd.

Is it too risky? FDIC is supposed to gaurantee all the depositor's money and their interests..

9/30/2008 4:28:45 PM

Technically, Wachovia did NOT fail. It was bought out and merged. There is no expected draw from the FDIC. I think you'd be just fine.

9/30/2008 4:37:20 PM

Damn.. WaMu's CD's must've gone up a lot.. I had a CD with them for 4 years in high school and used the money I saved to buy a car but the rate was way lower than that.

10/1/2008 11:05:31 PM

Wachovia merged with Citibank.
Citibank also has good savings at 3.5% apy... tempting to open.....
advice or any experiences on citibanks?

10/2/2008 2:59:11 PM

i have a credit card with citibank, i have no complaints, but i've never had to call customer service...

10/2/2008 3:44:29 PM

I just told my parents to sign up for the 5% deal. There's nothing to worry about.

10/2/2008 3:47:09 PM