Being a banking services provider since 1988, Washington Mutual Bank is an affiliate of Washington Mutual Inc; however it remains to be a separate entity altogether. The bank initially offered mutual services but it stopped doing so in the year 1983. It now purely offers consumer banking, financial services to a large clientele, personal banking, business banking, insurance services, card services and loans to its clients.
Notably the investment products available at the institution incorporate the following features:
1. Not FDIC insured
2. Not a deposit
3. Not guaranteed by any bank
4. Not insured by any government federal agency
5. Subject to investment risk.
At Washington Mutual Bank you have options for investment of every kind and you can get one that is right for you according to your investment specifications. The bank acts as a brokerage firm thereby providing a broad range of products and investment choices. Investments offered by the bank include mutual funds, individual retirement accounts, annuities, stocks, bonds, life insurance, and retirement plans for growing businesses etc. Let’s discuss these investment opportunities separately.
Mutual funds: Washington Mutual bank trades the fund's underlying securities, realizing capital gains or losses, and collects the dividend or interest income. The investment proceeds are then passed along to the individual investors. Despite its name the bank is not a credit union and it is publicly traded on the New York Stock Exchange.
Stocks and Bonds: are also offerd by the bank as an investment tool whereby investors place their money into the stock market and in the form of coupons which earn value over a time, which too is fixed by the investors at the time of purchase.
Individual retirement accounts: are made available to retired individuals who may prefer to keep their savings free from taxes. There are types of retirement of accounts where taxes are also deductible.
Insurance at Washington Mutual: includes home, auto and life insurance at competitive rates and with greater benefits. The bank provides cover to your life, property and other assets in case of any unprecedented events that may occur. Life insurance is offered on either a fixed term or for the life time as you may choose.
Besides these, the bank also offers services of goal planning for your business so as to what financial goal you may achieve in a particular time interval and thereby develops stragetegies for you to achieve those goals. This increases the profitability of your business and guarantees a higher return on any investment that you may have made. Washington Mutual Bank constantly works to bring expertise and professionalism to your investment protfolio. It picks for you and your business, the financing options that best suit you.
The bank is now more famous for its savings and loan products. Take a glance at these too.There are low cost savings accounts where there is a meagre minimum balance requirement which one can easily afford in order to meet the purpose of savings. Moreover, signing up with a savings account automatically entitles one to the bank’s savings plan. You can also opt between fixed and adjustable-rate home loans or you could even pick the interest-only home loans that are available at Washington Mutual.
There are a number of ways in which the bank allows to buy your dream house. Homebuyers are given the choice to choose among the different loans available and also calculate the monthly installments and suitability to the income levels too. The homeowners have the choice to refinance their homes at whatever rates they can easily afford. Certificates of deposit are also available in a vareity of types targeted for people with different saving options even considering the retired individuals. There are traditional, online, liquid and retirenment certificates of deposit.
You can also save for your child’s eductaion and keep those savings tax free through the Coverdell education savings account. Banking with the Washington Mutual Bank is surely a great experience whereby you have so many options of savings and investment.
