Washington Mutual has one of the best bank deals available: a combination of their free checking and their new 4.75% APY savings account. This allows you to combine the convenience of local branches and ATMs with the high interest rate yield and online transfers of online banking.

WaMu Free Checking features:

• No minimum balance or direct deposit requirements, open with $1
• Free basic checks for life
• No ATM fees on their end
• One free overdraft per year
• Free outgoing wire transfers.

The Statement Savings account has:

• A competitive 5.00% APY on all balances (rate only available online)
• No minimum balance requirements, open with $1
• Instant transfer to/from the Free Checking

A new checking account is required for this deal, so if you already have one you need to close your old account.

WAMU also offers free online fund transfers that allows you to link your account to external accounts. A soft credit pull is done when you sign up for the account, allowing you to avoid a potential credit ding from hard credit pull. For more information, visit Washington Mutual’s savings account signup page.