In this difficult economic environment, banks are looking for stable funding sources. Consumer savings accounts have traditionally been very stable money, as most people deposit funds and leave them there for years. This allows the banks to match these funds with longer term loans. Washington Mutual, by raising their rate above that of their competitors, is announcing that they are willing to aggressively compete for these funds. To find out more about the WaMu Online Savings account or other FDIC-insured online providers, visit the ManagingMoney.com Savings Account Center.