Current Wachovia Savings Account Rates
Wachovia has become one of the leading banks in the United States after it joined hands with Wells Fargo last year. They offer four different kinds of savings accounts other than the CDs. The four accounts are Way2Save Account, High Performance Money Market account, Premium savings account and Health Savings account. Each of these accounts come with a wide range of features that is suited for different kinds of customers. Other than these features, the Wachovia interest rates are also good.
Wachovia savings account rates for Way2Save account is 5.00% APY for all balances. Also, there is a one-time bonus of 5% on the eligible balance and this bonus has a cap of $300. Wachovia Bank savings account rates for the High Performance Money Market account is 0.02% APY for a balance of less than $5,000. It is 0.05% for a balance between $5,000 and $9,999. The rate of interest is 0.10% for balances between $10,000 and $24,999, 0.25% for balances from $25,000 to $49,999, 0.29% for balances from $50,000 to $99,999, 0.35% for balances between $100,000 and $249,999 and 0.40% for balances over $250,000. Wachovia savings rates for the Premium savings account is 0.05% for all balances. Despite these savings rates, there are many kinds of fees associated with the accounts and one must thoroughly read these before investing. The Way2Save has a monthly service fee of $5.00 after the first year and the person to person transfer fee is $3.00. The High Performance Money market account has a monthly service fee of $10 and a non-Wachovia or non-Wells Fargo withdrawal fee of $3.00. Overall, the Wachovia high yield savings accounts are a good investment option.