I went to my closest Wamu and asked the branch manager (with whom I've known for a while about getting CD's or online CD's now. She said to be careful and read the fine print. She said all deposits that were there when the takeover took place are covered. She said that anything up to a year can be changed. I looked at her in shock. But, she has been through a few bank conversions already including that her bank was Great Western and then Wamu took it over. So be careful and read the fine print. She's mostly talking about any 12 month CD rate.
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