I don’t normally post about CDs but this is an exceptional deal. Washington Mutual is offering a 12 month CD paying 5% APY. If you already bank at WaMu then it is easy to take advantage of this deal. You can just fund from your WaMu free checking or 3.75% APY Savings account. If you don’t already have those now would be a good time to open them. There is a $1,000 minimum to open a CD and you can open one online.

A way to make this even better is to combine it with a 0% balance transfer offer. If you can get some 0% APR cards with low or no transfer fees you could earn some decent money in the CD. Below are some cards that have 0% APR for 12 months and low transfer fees.

Discover® More(SM) Card

3% Fee, $75 Max.

Chase Flexible Rewards™ Platinum Visa® Card

3% Fee, $75 Max.

Find many more balance transfer credit cards here.