Wachovia money market Rates
Wachovia is a leader in providing services and products to all kinds of customers. Its products are catered to meet the needs of physically challenged customers as well. They work to build relationship within communities. Customer satisfaction is given top priority in Wachovia and this is the reason it offers numerous savings products like money market account, CDs, savings accounts and IRAs. Wachovia money market rates are high yielding and it gives the customer’s money a safe place to grow. It is the best place to invest without the risk of volatility. Its deposits are insured by FDIC and backed by the trust and reliability of this bank.
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.