Interest Rates Reviews

Wachovia is a Wells Fargo group that offers home loans loans at competitive rates when compared to other banks. The easy payment options and other features also make it a good option. Repayment could be made on regular intervals like monthly or quarterly for a predetermined period. These attractive mortgage rates and the convenient features that come with it make it an ideal time to buy a house. A brief review of the mortgage rates of Wachovia Bank are discussed below.

The first category is the FHA loans category where Wachovia bank mortgage rates are 5.65% APR for 30 years, and 5.624% APR for 30 years Fixed FHA. For a 15 years fixed mortgage, the Wachovia home loans rate are 4.447% APR and the 5 year ARM interest rate is 3.258%APR. For a 3 years fixed FHA loan, the Wachovia interest rates are 3.351% APR.

For eligible people under larger loan amount (Confirming FHA) for a 30 years fixed mortgage, the Wachovia mortgage rates are 5.568% APR and for 5 years ARM, the interest rate is 3.255% APR.

There are some loans that exceed the confirming loan amount for that area and the interest rates for such loans are different. For a 30 year fixed mortgage, the interest rate is 5.390% APR and for 5 years ARM, the Wachovia bank mortgage loan rate is 3.388% APR.

The exact category of loan and the terms can be chosen based on your financial commitments and personal preferences. However, this is the best time to buy a house because the house prices are historically at one of its lowest and also the bank rates are reasonable.

Wachovia Bank has always been a reliable financial institution and this has been further strengthened after its merger with Wells Fargo Bank. The combined operations and products give numerous choice to customers and have enhanced their overall share in the financial market. Wachovia offers a range of products geared for both individual investors and corporate investors. Among the products offered to individual investors, the money market and CDs go well with the customers because of their convenience and flexibility. The Wachovia interst rates are also reasonable and competitive.

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.

Savings account with Wachovia bank helps to increase your earning power. Without sacrificing easy access to your funds, you can earn select interest rates. With an initial deposit of $25,000, you can open savings account online without any monthly fee. You can add to your savings account effortlessly by transferring from your checking account automatically. Savings account is accessible online 24/7 through online banking and your funds are protected by FDIC up to $500,000. Wachovia interest rates are highly competitive too. Lets the review the savings account rates of Wachovia.

For balances from $0 to $9,999, the Wachovia savings account rates are 0.02% APY. If you have a balance of $10,000 to $24,999, then the interest rate that you will earn is 0.10% APY. In the case of balances from $25,000 to $49,999, the Wachovia bank savings account rates are 0.20% APY. For a balance of $25,000 to $49,999, the interest rate is 0.24% APY and for balances of $100,000 and more, the Wachovia savings rates are 0.30% APY.

No fee is charged for using Wachovia and Wells Fargo bank’s ATM facilities when you have a savings account with Wachovia. To avoid monthly maintenance fee, a minimum balance of $25,000 is required to be maintained. $10 is charged as over draft protection transfer fee while $15 is charged for transactions exceeding six third party or pre-authorized transfers per month. Apart from these, a monthly maintenance fee of $25 is charged to your account. Wachovia high yield savings account rates are however subject to changes based on economic conditions.

These rates are reasonable in the current market conditions and along with other convenient features, this is definitely a good option for investing your money.

Online services at Wachovia Bank show us a better way to manage our funds just by the click of the mouse. The online services offered by this bank is a safe and dependable means for all your financial information. Wachovia interest rates are also attractive and they offer various online services. Wachovia banking online makes banking a pleasant experience.

There are a whole lot of things you can do with online banking. You can not only check your account balances but also view the transaction history up to 90 days of your activity of your savings account, your money market account, your savings account, CD account as well as your loan accounts. You can view and save up to 7 years of your online bank statements. With the convenience of sitting in your home, transfer of funds between not only your Wachovia accounts but also any bank or financial institution in which you hold an account in US, is possible. It gives you a better control over your money.

Issue of checks is no longer required as you can pay all you bills with Wachovia bank online banking. This saves money on postage and stamps and also saves a lot of your time waiting for the physical arrival of your statements by post. You can get your account balances delivered to your email or wireless device totally free of cost. Reorder of checks and stop payment of checks could be done with Wachovia online banking. You can also send secure messages to the Wachovia Bank customer service regarding your accounts.

Wachovia has merged with Wells Fargo to give their customers a better banking experience. They offer many kinds of products and services that are flexible to meet the needs of different kinds of customers. They have a customer base that is spread across the length and breadth of the United States and this necessitates that they have some flexible features. Other than the features, the Wachovia interest rates are competitive in the existing market conditions.

The current Wachovia Bank CD rates for a term of three months is 0.05% APY for all balances. The rate for a term of six months is also 0.05% while the Wachovia CD rates for a term of one year is 0.10%. These are the standard rates offered by this bank and they also have a specials CD scheme. Under this option, the current Wachovia certificate of deposit rates for a term of five months is 0.20% and it renews automatically for a three month term. The rates for a term of 41 months is 1.01% and this renews automatically for a term of 36 months. The last special rate is for a term of 58 months and the rates are 1.65%. This renews for a 48 month term on the completion of 58 months. The minimum opening deposit for the special offers is $5,000 while for the others, it is $2,500. When the special offers renew automatically, they will earn the rates of a standard CD only.

Above everything, these deposits are insured by FDIC and so you can be assured of the safety of your money.