RedBeard’s Curious Life

I just had my Washington Mutual account moved over to Chase. The process was relatively painless for me, only having to change my username so that it includes a number, and I can now check my online banking through chase.com instead of wamu.com

The pleasantries cease there, though. My savings rate, which is the entire reason I even opened the account at Wamu back when they offered 5% APY, is now 0.01% at Chase, which is apparently the rate that Chase changes daily at their discretion. The Wamu rate had gradually decreased from the 5% mark, reaching 0.85% immediately before the Chase changeover, but that’s still a far cry from 0.01%! They also have the gall to label this account “CHASE PREMIER SAV” which I suppose is meant to be somehow better than their standard offering.

In addition to the non-existent “savings” interest rate, I also can no longer use MS Money to easily and automatically centralize my banking information unless I pony up $10 PER MONTH to allow Money to download statements automatically. They now label my checking account “FREE EXTRA CKING” and when I fill in the missing letters, I’m more inclined to think I’m getting extra fucking rather than checking.

So now I ask myself, why would I even consider keeping this account open? My savings are accruing interest at roughly the same rate as a piece of stale bread, and I can no longer use the banking software that I have used for the past 3 years without ongoing additional cost.

Conclusion: fuck off and die, Chase.