Wachovia Money Market Rates
Here at Interest Rates Reviews we like to keep updated with Wachovia Bank savings account rates especially due to their consistency and reputability. Today we are going to focus at Wachovia Money Market savings rates and it will be up to you to decide as to whether Wachovia Bank is suitable for you as a customer.
Firstly, Wachovia Bank provides a ‘High Performance Money Market’ account promising competitive rates without the volatility or risk of investment accounts as well as enjoying the peace of mind of a maximum FDIC insurance.
The most recent Interest Rates are the same as the Annual Percentage Yield rates which are as follows: for balance tier’s between $0-$4,999 at the rate of 0.02%, for a balance of $5,000-$9,999 is at 0.05%, at a balance of $10,000-$24,999 is at 0.10%, for a balance of $25,000-$49,999 is at 0.16%, for a balance of $50,000-$99,999 is at 0.20%, for a balance of $100,000-$249,999 is at 0.35%, for a balance of $250,000 is at 0.40%. These rates are updated at December 2009.
It is up to our readers to decide if these rates are the best out there in the market whilst we provide the latest updates. In terms of Account Service Fees, the monthly service fee (minimum balanced to avoid the fee is $2,500) is at $10, with a zero fee for ATM withdrawals. In order to opt into overdraft protection transfers, it costs $10 and for each transfer exceeding six third-party or preauthorized transfers per month, it will cost $15.