Is washington mutual covered by the FDIC?

Question

i been hearing wamu isnt doing so great these days.. so just wondering if my money is safe in there....

Answer 1

Yes.

Just go to their Web site. Or use some common sense -- no bank as big as they are could possibly *not* be federally insured.

Answer 2

yes it is, up to 100,000 dollars per account. But if you have the opportunity, I would move it to another bank, so you don't have to go through the long process and waiting in lines to collect your money. If you don't have many accounts with them, just move your money to a different bank.

Just so you know, all banks that people talk about as banks are FDIC Insured.

Answer 3

i still leave my money at wamu. the rate is great and i don't think they will go under. they're the 6th largest bank in the nation. fdic will really suffer if wamu ever fail.

Answer 4

~~Yes they are FDIC insured. Your money is safe for up to $100,000.00.  My understanding is just their  Home Loan section is hurting (as with all banks), however the banking side actually is doing well. I would not worry about them closing up!~~

Answer 5

Yes, your money is safe.