Interest Rates Reviews

Since we have not looked at Wachovia Bank CD rates in a little while, we here at Interest Rates Reviews thought we should do so and bring you up-to-date on what’s happening with Wachovia certificate of deposit rates.

There are both featured and standard Wachovia CD rates, depending on your deposit amount and preferred term.  For featured Wachovia interest rates, a minimum opening deposit of $5,000 is required, but the annual percentage yield (APY) will usually be much higher.

An 11 month Wachovia Bank CD rates for this featured term gives 0.75% APY, 15 months gives 1.01% APY, 19 months gives 1.50% APY, and 25 months gives 2.00% APY.  Those are competitive for sure.

For standard terms and Wachovia CD rates, payoffs are ranked in tiers, though the APY is usually the same no matter the deposit amount.  Minimum deposits on these Wachovia Bank CD rates are only $1,000.

For a 3 month term, the rate is 0.15% APY, for a six month term it’s 0.35% APY, and for nine months it’s 0.45% APY.  For 12 months, the rate is 0.55% APY and for 18 months it’s 0.65% APY.  For 24 months, it’s 0.75% APY.

Those are decent rates, but Wachovia certificate of deposit rates definitely shine with those special rates mentioned earlier.

Wachovia is, of course, FDIC insured to the fullest extent of the law.  Wachovia interest rates change, so be sure to lock in your Wachovia CD rates now if any of these appeal to you.  The FDIC insures up to $250,000 until 2013, so your high deposits are covered.