Wachovia CD Rates Today
Wachovia Bank was formed in 2001 by merging First Union Corporation and the former Wachovia Corporation. Recently, it was merged with Wells Fargo Bank. Wachovia offers different kinds of savings accounts and CDs to provide more flexibility to their customers. There are two kinds of CDs that is offered by Wachovia Bank and they are Fixed Rate CDs and IRA CDs. The fixed rate CDs help investors to earn a certain amount of interest over the entire term of the CD. The minimum opening deposit is $5,000. The IRA CDs are mainly for retirement and there are may options like Traditional IRA, Roth IRA, SEP and Coverdell Education Savings Accounts. All deposits are insured by the FDIC and this makes these savings option more reliable.
The Wachovia Bank CD rates for a fixed rate CD for a 3-month term is 0.01% and for a 6-month and 9-month term, it is 0.20%. Wachovia CD rates for a 12-month term is 0.40% while for a 18-month term, it is 0.60%. Wachovia interest rates for a term of 24 months is 0.70%. The rates are 1.15% for a 23 month CD, 1.65% for a 30-month CD, 2.15% for a 37-month CD and 3.00% for a 55-month CD respectively. For a IRA CD, the interest rates are 0.01% for a 3-6 month term, 0.20% for a 6-12 month term, 0.40% for a 12-18 month term, 0.60% for a 18-24 month term, 0.70% for a 24-36 month term, 0.85% for a 36-48 month term, 0.95% for a 48-60 month term and 1.06% for a term over 60 months for all balances. Wachovia certificate of deposit rates are very competitive and this is one of the main reasons for its popularity.