Get 5.00% APY with Wachovia
Category: Bank Deals- gotalkmoney.com- 3:27 pm/ March 6, 2008If you’re looking for a unique idea on ways to saving your money, Wachovia Bank has come up with a pretty cool concept that has been around for a while. It’s called the Way2Save account. I’ll go in detail on how it works.
If you don’t have a Wachovia checking account, you’re going to need one because they will need access to your checking account so that they can withdrawal money from your account.
Every time you make a purchase with either your Wachovia bank card OR you pay a bill online, Wachovia will withdrawal $1 from your checking account and put it in your Way2Save account. This account will earn you 5.00% APY in your first year and 3.00% APY for the second and third year. The 5.00% is an awesome rate in today’s market!
Below are some terms from their website –
Customers enrolled in the program earn a 5 percent annual bonus in year one, up to $300, and a 2 percent annual bonus in years two and three, up to $300. Bonuses are calculated on an annual basis for the first three years on eligible balances. The eligible balance is equal to the savings contributions for the current year (i.e., the sum of the $1 transfers and up to $1,200 of the recurring transfers) or the Way2Save account balance, whichever is less.
Get more details on their Way2Save Account
- 6 Month CD %
- 1-year CD %
- 2-year CD %
- Money Market Account %
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- 30-year Fixed Mortgage 3.54 %
Bank rates provided by MoneyRates.com based on average rates for deposits under $10K and conforming mortgage rates
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