Quote:
Originally Posted by unnamedplayer
OK, question for everyone. I have a checking account at Wamu and I see they are offering an online savings account with 4% APY. My question is do you think this will change given that JP Morgan Chase just took over? If I open an account now with 4% APY can they change that rate later?
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Yes, they can change that rate anytime they want unless when you sign up you're given a guaranty that it will remain that for a certain amount of time. And yes I think under JP it will go down, but as always I could be wrong.