Wachovia Bank Savings Account Rates

Planning to go for a trip, take a pre-retirement or enrolling your child for higher studies? Might be you are falling short on funds and planning to take a loan to meet your ends. In such critical times one realizes the need and benefit of savings. With your savings you can easily earn interest. You can easily make deposits into a good bank and enjoy the fruits. Wachovia Bank offers saving options with high yields.

Wachovia Bank is ready to help you with its different types of saving accounts such as Way2Save, Premium Savings, Health Savings Account / HSA.

Way2Save:
You can start saving automatically under this scheme. $1 will be transferred to your account on making check card purchase, paying bills online or set up automatic debts from your checking accounts. You can even set up an automatic transfer of up to $100 each month to your Way2Save account from your Checking account.

Annual Percentage Yields (APYs):
In year one you earn 5% APY.
In year two you earn 2% APY.
In year three you earn 2% APY.

For first 3 years you will get an Annual Bonus on your Savings Account:
Year One: You get 5% of the eligible balance, up to $300.
Year Two: You get 2% of the eligible balance, up to $300.
Year Three: You get 2% of the eligible balance, up to $300.

@ There is no minimum balance or initial deposit requirement.
@ There is no penalty to withdraw funds from your Way2Save account.

Premium Savings Account:
You can open your account with minimum initial deposit of $100 and maximum of $25,000.
Balance Tier:
Balance of $0-$9,999 earns you 0.45% interest, 0.45% APY
Balance of $10,000-$24,999 earns you 0.75% interest, 0.75% APY
Balance of $25,000+ earns you 0.85% interest, 0.85% APY

For building your balance you can set up automatic transfers of as low as $25. You need not pay fees if you maintain the minimum balance or if you are under 18 years of age.

Health Savings Account / HSA:
It is meant for the individuals having a high deductible health plan. Its working is similar to a retirement savings plan in which you can add up funds before taxes, subject to certain limits and reducing the amount of federal income tax payable for the year.

Common Features for the above accounts:
@ APYs are accurate as of 08/08/2008 and are applicable for the Zip Code 91108. To check for your region you may visit the site.
@ Your funds are FDIC insured.

For any guidance you may contact Alice Lehman (Managing Director of Investor Relations) at (704) 374-2137 or for toll-free banking call (800) 922-4684.