AndrewKnight.com

Last year I wrote about how much I loved WaMu for all my banking needs.  During the financial meltown, JP Morgan acquired them and took over all deposits.  I was not worried about my money as I was within the FDIC limits.  What I was worried about is what would change from a service and account standpoint.  Well two weeks ago the changes started and not for the better. WaMu lowered the online savings rate from 4% to 3%! :(  If that was not enough they responded to the fed drop on Wednesday and lowered it again to 2.5%

I still think they are great bank for your basic checking needs but I am moving my money over to DollarSavingsDirect who is still paying 4%. They are a division of Emigrant Direct who I had my savings account with before WaMu upped the rates they were paying. It was annoying to have to open another account as I still have my emigrant account but it was worth it for an extra percentage point.