SI
SI
discoversearch

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor.  We ask that you disable ad blocking while on Silicon Investor in the best interests of our community.  If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.
Strategies & Market Trends : Mish's Global Economic Trend Analysis
 Public ReplyPrvt ReplyMark as Last ReadFilePrevious 10Next 10PreviousNext  
To: mishedlo who wrote (84176)8/31/2008 11:49:48 AM
From: Sr K  Read Replies (1) of 116555
 
Do you have any verification of the 5.00% rate and in what area it is offered?

It looks more like a scam that has nothing to do with the real WaMu, which on wamu.com is offering a top rate of 4.50% APY. They are competing with banks offering 4.15, 4.20, 4.40. If WaMu is offering at or over the top rate of other banks, it might mean they need the liabilities (deposits) to finance the demand for mortgages. With Fannie Mae fees up 1/4 or 1/2 percent, there is room for banks to pay more for deposits, especially starting a month from now, if they do not go through the GSEs. Or, at least test the water, before going along with the GSEs higher fees.
Report TOU ViolationShare This Post
 Public ReplyPrvt ReplyMark as Last ReadFilePrevious 10Next 10PreviousNext  

HomeMailHotSubjectMarksPeopleMarksKeepersSettings
Terms Of UseContact UsCopyright/IP PolicyPrivacy PolicyAbout UsFAQAdvertise on SI
© 2026 Knight Sac Media.  Data provided by Twelve Data, Alpha Vantage, and CityFALCON News