Wachovia Savings Rates
We are going to take a look into Wachovia savings account rates after its merger with Wells Fargo Bank. The two banks were merged to make it stronger and to make the products more accessible to customers who are spread across the country. Today, Wachovia interest rates have become very competitive and this is the reason we are going to analyze the features and current rates of the savings account of this bank.
Wachovia offers four different savings accounts and they are Way2Save, High Performance Money Market, Premium savings and health savings account or HSA. Way2Save is a kind of savings account in which Wachovia will deposit $1 for every purchase you make using your check card. This Wachovia high yield savings account comes with a rate of 5.00% APY. The Premium savings account is one of the most popular savings products of Wachovia Bank. The current Wachovia Bank savings account rates for this product is 0.05% APY. This account can be opened and managed online. The minimum opening amount is $100 and the maximum that you can put into this account through the online option is $25,000.
The Health Savings account or HSA is another savings product that can be beneficial, thanks to the competitive Wachovia interest rates . It has been designed to help you save for your health and medical emergencies. High performance money market account is another savings account offered by Wachovia Bank. The rates are 0.40% APY for all balances. With all these accounts, you will get 24 hours online access and all your deposits are insured by FDIC for greater security and protection.