Wamu had a pretty decent deal going back that offered 7 and 10 month CD’s that provided an add on feature that was paying 5.45%. you put in 5000 or 10 K and you have the opportunity of adding up to the amount you put in. Minimum amount was 1K.
They also had an online offer for 5.5% on 6 month CD’s so their was a good opportunity of setting up a short term fixed income ladder.
Needed to be new money.
As a heads up to those fixed income people. If you have large amount to invest (100K+) you may want to simply speak with a branch manager. They have some discretion with the rates with respect to CD’s. One of the benefits of stopping by the bank and getting to know a manager. Relationships still count.
