This money market account can be opened with a minimum balance of $100 and it can even be funded online. You can transfer from an existing Wells Fargo or Wachovia account or transfer from a non Wachovia account or use credit card. Another option is to send a check by mail or visit the nearest branch and pay with cash or check. These options make it easy to open and maintain the money market account. Also, all customers have access to online and mobile banking to enjoy the convenience that comes with it.

This account comes with a monthly maintenance fee of $10 and this amount is waived if there is a minimum daily balance of $3,500 or a $75 or more automatic transfer is set-up from another Wells Fargo or Wachovia account. The current Wachovia money market rates are 0.05% APY for all balances. The Wachovia bank money market rates are 0.15% APY when this account is linked to PMA Premier checking account, PMA Prime Checking account, Wells Fargo Complete Advantage checking account, Wells Fargo Premium Membership checking account or Wells Fargo Custom Management checking account. These Wachovia interest rates are competitive in the current market conditions.

The current Wachovia money market rates are 0.05% APY for all balances. The Wachovia Bank money market rates are higher for relationship customers and this is 0.15% APY for all balances. Relationship rates are offered to customers who have other accounts with Wachovia Bank such as PMA prime checking account, Wells Fargo complete advantage checking account, Wells Fargo premium membership checking account and Wells Fargo custom management checking account.

The minimum opening deposit for money market account is $100 and there is no monthly fee when you maintain a minimum balance of $3,500 or if you have a $75 automatic withdraw from any other account with Wachovia or Wells Fargo Bank. Additionally, the account comes with overdraft protection and the account holder is automatically eligible to use online and mobile banking. These are some of the advantages of having a Wachovia money market account and it is a good investment option for anyone looking to save money in the long run. The good interest rates also make it an attractive option for numerous investors.

The Wachovia bank money market rates are highly competitive and it adds to your savings automatically without any effort through deposit transfer from your checking account. Other highlights are that you get free online banking and 24 hours access to your account.

Wachovia interest rates for a balance of $0 to $4,999.99 is 0.02% APY. For a balance slab of $5,000 to $9,999.99, interest rate is 0.05% APY. For a balance of $10,000 to $24,999.99, it is 0.10% APY, from $25,000 to $49,999.99, the interest rate is 0.20% APY. For balances from $50,000 to $99,999.99, the interest rate is 0.24% APY, for balances from $100,000 to $249,999.99, it is 0.30% APY and for balances from $250,000 and above, Wachovia savings rates are 0.40% APY.

A minimum balance of $2500 has to be maintained. A monthly service fee of $10 would be waived on maintenance of the minimum balance. $10 would be charged towards over draft protection transfer and $15 would be charged for every third party or pre-authorized transfers. An initial online deposit of $1000 is required and the maximum amount is $75000. No ATM withdrawal fee is charged even for non Wachovia or non Wells Fargo clients. These features coupled with the good rates make it an attractive form of investment.

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 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.

The current Wachovia money market rates are 0.02% APY for a balance of less than $5000. The Wachovia Bank money market rates for a balance between $5000 and $9999 is 0.05%. The rates are 0.10% for a balance of $10,000 to $24,999, 0.20% for balances between $25,000 and $49,999, 0.25% for balances between $50,000 and $99,999, 0.30% for balances between $100,000 and $249,999 and 0.40% for balances over $250,000. Wachovia savings rate is one of the min reasons many people choose this option to put in their money.

Firstly, Wachovia Bank provides a ‘High Performance Money Market’ account promising competitive rates without the volatility or risk of investment accounts as well as enjoying the peace of mind of a maximum FDIC insurance.

The most recent Interest Rates are the same as the Annual Percentage Yield rates which are as follows: for balance tier’s between $0-$4,999 at the rate of 0.02%, for a balance of $5,000-$9,999 is at 0.05%, at a balance of $10,000-$24,999 is at 0.10%, for a balance of $25,000-$49,999 is at 0.16%, for a balance of $50,000-$99,999 is at 0.20%, for a balance of $100,000-$249,999 is at 0.35%, for a balance of $250,000 is at 0.40%. These rates are updated at December 2009.

It is up to our readers to decide if these rates are the best out there in the market whilst we provide the latest updates. In terms of Account Service Fees, the monthly service fee (minimum balanced to avoid the fee is $2,500) is at $10, with a zero fee for ATM withdrawals. In order to opt into overdraft protection transfers, it costs $10 and for each transfer exceeding six third-party or preauthorized transfers per month, it will cost $15.