You can also open an online Savings Account with free WaMu checking account with no monthly service charge. But if you already have an existing active WaMu checking account, you can also link your new online savings account to it On the other hand, a secured credit card requires its user to open a savings account which will serve as his or her credit line. The consumer will then continue utilizing the secured credit card as a traditional credit card Savings Accaunt bankbank.com Onlinr Savings Servicr Home