Because so many of you bank with Washington Mutual, I wanted to give you a heads up about its most recent promotion. Today the bank raised its online savings rate to four percent [1], which is higher than most interest rates I've seen lately. Most of you who use WaMu are sticking with the bank [2] despite its troubles, so why not take this opportunity to start that savings account you've been putting off? As long as your account is less than $100,000, your funds are insured by the FDIC.

Source [3]