www.wamu.com is an online banking service that offers a lot of opportunities for those who are interested. You are free to choose which WaMu Savings Accounts you want. (1) Statement Savings. Saving money doesn’t get any simpler than this. Get the same rate no matter how much money you deposit. You can open your account in just a few minutes on the phone or in a branch. (2) Online Savings. If you have about 7 minutes and a computer with an internet connection, you can apply for an online savings account! It only takes $1.00 to open, and you can access your money through an ATM. (3) Saving for Success. Build savings momentum with special one-year saving term and automatic monthly transfers from WaMu checking account. After a year, your savings are swept into a linked WaMu savings or money market account of your choice. Applying online for an Online Savings is very easy. It only takes seven minutes and the steps are very simple. You just need to tell them who you are and how they can contact you, agree to terms and conditions, and finally, make your opening deposit. Funds deposited in WaMu are accepted by Washington Mutual Bank and Washington Mutual Bank fsd and are FDIC insured.