| Saving Accounts |
What are
Saving Accounts?
These accounts don't offer as high of an
interest
rate as
reward checking accounts and are intended
for customers to set aside a portion of their
liquid assets which is why you usually aren't
allowed to make more than 3-6 withdrawals a
month. Another requirement you might have is to
maintain a minimum balance such as $300.
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| Wachovia Way2Save (5.00% APY) |
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We'll transfer $1 from your Wachovia
checking account to your Way2Save account
when you:
- Make Check Card purchases.
- Pay bills online, including through
Online Banking with BillPay.
- Set up automatic debits made from
your checking account.
To build balances even faster, you can
set up an automatic transfer, up to $100
each month, from your checking account to
your Way2Save account.
We want to help you save. So, for the
first three years, Wachovia will give you
something most basic savings accounts
don't—an annual bonus. The first year, we'll
give you a 5 percent bonus on what you've
socked away. Keep saving, and in the second
and third years, we'll pay a 2 percent bonus
on the dollars you have contributed within
each year. In addition, for the first year,
you'll earn 5.00% APY on every dollar saved,
and 2.00% APY on the second and third years
of your savings.
Notes:
- Hard Inquiry: Yes
- Minimum Balance: $0
- Monthly Fee: $0
- Limit 5 Way2Save accounts per
person.
- Earn 5.00% APY on balances the first
year your account is active.
- Annual Bonus: 5% of the eligible
balance; up to $300.
- Earn 2.00% APY on balances the
second year your account is active.
- Annual Bonus: 2% of the eligible
balance; up to $300.
- Earn 2.00% APY on balances the third
year your account is active.
- Annual Bonus: 2% of the eligible
balance; up to $300.
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