Interest Rates Reviews

Wachovia is a leading financial institution that has a long history of experience and reputation. They have customers located across the length and breadth of the US and their products are designed to meet the needs of all these varied customers. They have savings as well as lending products and the Wachovia interest rates on all the products are competitive. In this article, we will review the mortgage rates offered by this bank.

The current interest rates for single family primary residence are as follows. Conforming loans are those home mortgages eligible for sale either to FNMA or FHLMC while FHA loans are those loans that are backed by the guarantee of FHA. FHA stands for Federal housing Administration which is a US agency that is a part of National Housing Act 1934. The Wachovia bank mortgage rates for a 30-year fixed mortgage for conforming loans and FHA loans are 4.686% APR. For 30 years fixed FHA, the rates are 5.233% APR. For 15 year fixed, the Wachovia home loans interest rate is 4.069% APR. For 5 year ARM (adjustable rate mortgage), the interest rates at Wachovia Bank are 3.209% APR. For a 5 year ARM FHA, the interest rates are 3.074% APR.

For larger loan amounts in eligible areas, Wachovia mortgage rates for 30 years fixed is 4.760% APR while for a 30 year fixed FHA loan, the interest is 5.309% APR. For 5 years ARM, the interest rate is 3.293% APR.

In the jumbo loans category (here the loan amount exceeds the Conforming loan amounts) interest rate for 30 year Fixed is 5.264% APR and for a 5 year ARM, the interest is 3.652% APR.

Wachovia is a leader in providing services and products to all kinds of customers. Its products are catered to meet the needs of physically challenged customers as well. They work to build relationship within communities. Customer satisfaction is given top priority in Wachovia and this is the reason it offers numerous savings products like money market account, CDs, savings accounts and IRAs. Wachovia money market rates are high yielding and it gives the customer’s money a safe place to grow. It is the best place to invest without the risk of volatility. Its deposits are insured by FDIC and backed by the trust and reliability of this bank.

For a balance of $0 to $4999, the Wachovia Bank money market rates are 0.02% APY while for a balance of $5000 to $9999, the Wachovia savings rates are 0.05%APY. In the case of a balance of $10,000 to 24,999, Wachovia money market rates are 0.10% APY while a balance of $25,000 to $49,999 carries an interest rates of 0.16% APY. For a balance of $50,000 to $99,999, the Wachovia interest rates are 0.20%, from $100,000 to $249,999 interest rates are 0.30% and for $250,000 and more, the Wachovia interest rates are 0.40% APY.

The customers are required to maintain a minimum balance of $2500 to avoid a monthly maintenance fee of $10. Every third party transfer that exceeds the maximum allowable transactions or a preauthorized third party transfer attracts a fee of $15 per month. Overdraft transfer protection fee of $10 is also charged. A minimum of $1000 is required to open an account and for opening an account online a minimum of $75,000 is required.

Wachovia is a Wells Fargo group that offers maximum flexibility for the money deposited. They allow longer periods of deposits and offer a whole lot of features that make banking easy for the customers. These are the reasons why we review the different products of Wachovia Bank. Their features coupled with the competitive Wachovia interest rates make these products a good option for investment.

Wachovia money market rates are 0.02% APY for a deposit of up to $5000. From $5000 to $9999, the Wachovia bank money market rates are 0.05% APY. From $10000 to $24,999, the interest rate is 0.10% APY. For a deposit of $25000 to $49,999, the Wachovia bank money market rates are 0.16% APY. The money market interest rates is 0.20% for a deposit of $50,000 to $99,999.The Wachovia interest rates are 0.30% for deposit of $100000 to 249999 and it is 0.40% APY for any amount over $250000. these Wachovia savings rates are quite competitive in the current market conditions.

Besides these interest rates, there are numerous features that come with it. Wachovia offers free ATM withdrawal for all customers. However, a maintenance fee is charged. Monthly service fee is $10 for those who fail to maintain a minimum balance of $2500. Over draft protection transfer fee is charged at $10. $15 is charged for pre-authorized third party transfer exceeding 6 times. A minimum of $1000 is required as a minimum online deposit and maximum deposit is $75000. These rates are nominal and are levied to cover the additional costs incurred by the bank. Also, all deposits are insured by FDIC and these are some of the reasons for the popularity of Wachovia’s  money market account.

Wachovia bank is committed to provide a safe and dependable service for its customers. With their experience and vast resources, they provide their customers some of the best financial services and turn the customer’s financial dreams into a reality. This is why we extensively discuss about the Wachovia interest rates. Privacy and security are an integral part of Wachovia bank. They provide the best online service and insurance protection for the customers accounts. They offer many savings products for its customers and in this article, we will discuss Wachovia savings rates.

There are many kinds of saving accounts offered by Wachovia. The first is an account called Way2Save where the Wachovia savings account rates are 5%. They also provide a 5% eligible bonus for customers holding a balance of up to $300. Accounting fee is waived for this account. Monthly service fee is waived for the 1^st year and after that it is waived for qualified transactions while others are charged $5 per month. Overdraft protection transfer fee is waived for accounts that are linked with any Wachovia checking account. For others, $10 is charged per transfer.

The next account is the premium savings account. Minimum balance is not required and , Wachovia bank savings account rates are .05%. ATM withdrawal charges are waived for all customers. A monthly service fee of $5 is charged on accounts that do not meet the minimum balance requirements of $500. A minimum initial online deposit of $100 is required and maximum online deposit should be $25000 only. These Wachovia high yield savings rates are very competitive and are intended to benefit the customers in many ways.

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At www.interestratesreviews.net, we talk about the different products offered by Wachovia Bank. The salient features as well as Wachovia interest rates are compared to give you a good idea on how you should invest. In this article, we will discuss about Wachovia online banking and its features.

There are a whole lot of things that you can do with Wachovia Bank online banking. You can check all your accounts including the financial activity and balances. This will give you a better control over your daily transactions. There is no need to write down your expenses in a piece of paper. With online banking feature, you can log into your account and track all your expenses. However, you will only be able to track expenses that were paid with a debit card or check. Nevertheless, it will give you good control over your money.

Besides tracking your expenses, you can use Wachovia banking online to view monthly statements. This will help you to get paperless. Also, you can use this feature to pay your bills. You can schedule to pay on a particular date every month and it will be automatically paid from your account. Otherwise, you can also manually pay the bills by logging in. You can also transfer funds from one account to another with a lot of ease. The days of going to your local branch to transfer money from one account to another is gone. Online banking will help you to do all this and more right from the comfort and convenience of your homes.