If you are a Wachovia online banking customer and not buying Wachovia certificates of deposit, you are missing out on some great Wachovia CD rates.  Being that Wachovia Bank is the fourth largest bank in the United States, I was actually suprised to see how high the Wachovia CD rates were.  This article will provide an overview of the different types of CDs that Wachovia online banking offers

Wachovia Bank offers a featured certificate of deposit every month.  July’s Wachovia Featured Certificate of Deposit is a 12 month CD with an interest rate of 4.16% and an annual percentage yield of 4.25%. It is important to note that the Wachovia on line banking website makes you enter in your zip code so that these Wachovia cd rates might change based on where in the United States you live.

While I wish that this month’s Wachovia featured certificate of deposit has a longer term, a 12 month cd is great for any one who wants to save money for a shorter period of time.  When I invest in certificates of deposits, I like to lock in at the highest cd rates for a longer time, but many people use Wachovia CDs as short-term investment vehicles.

This featured certificate of deposit has a minimum deposit of $5,000.  This is a lot of money for beginning investors.  However, if you have $5,000 to invest, the 4.25% APY is one of the highest cd rates around.

If you are at all concerned about having to withdrawal your money early, you need to becareful nvesting in CDs.    Wachovia Online banking charges an early withdrawal fee if you withdrawal your money early from the Wachovia certificate of deposit.  If you do withdrawal you money early, you will forego a portion of the interest that you earned.  This would make the APY go down significantly.

Wachovia CDs are insured by the FDIC for up to $100,000.  Having FDIC insurance is one of the great advantages of investing in certificates of deposits.  If Wachovia Bank would by unable to pay you for you certificate of deposit, The FDIC insurance would pay you up to $100,000.  This can give you some real peace of mind that your investment is protected.

If you haven’t checked out the Wachovia CD rates, you should head on over to the Wachovia on line banking website and check them out.  Wachovia CDs come in all different terms from as little as 3 months to 60 months.  If you have any question, please feel free to leave them in the comments below.

Wachovia On line Banking has decided to stop offering its Pick-A-Payment Wachovia mortgage rates.  These Wachovia mortgages allowed borrowers to choose whether to pay principal and interest, interest only or not even the interest.  If borrowers decided to not pay the interest amount the amount borrowed would actually increase over time.

This pick-a-payment Wachovia mortgage rates was a loan product originally offered by Golden West Financial Corp. which Wachovia Online Banking acquired.  No longer will borrowers be able to pay the minimum payment plan.  All borrowers will now have to at least pay the interest due.  I believe that this is a good decision.  These negative amortizing loans overextend borrowers and add to the foreclosure problem in the United States.

From now on Wachovia mortgage rates will have to be paid as follows:

• an interest-only payment plan that does not reduce principal
• a 30-year payment plan, and
• a 15-year payment plan.

This decision to shut down the pick-a-payment minimum payment option might be part of the Wachovia mortgages article written last week about Wachovia hiring Goldman Sachs to provide consulting services for the Wachovia mortgage business.  It is not clear if these two events are independent of each other.

Do you think that Wachovia Mortgages Business will be helped by Goldman Sachs?  Wachovia Online Banking has decided to hire Goldman Sachs to help it with its Wachovia mortgages.  With the struggling housing market, banks all across the country are facing trouble from risky mortgage rates that they offered during the housing boom.

In March Wachovia had over $480 billion of loans in its assets.  This represents a significant increase in Wachovia mortgages.  However, in a housing market like we are in today the amount of adjustable Wachovia mortgage rates lent has become a concern for Wachovia Bank.  Banks all over the country are facing a terrible problem.  Many borrowers are having trouble paying off their adjustable rate loans.

As the Wachovia mortgage rates increase this problem is getting worse.  However,  rising interests rates would not be such a bad thing for Wachovia online banking, however, because the housing market is in a slump, Wachovia mortgages is having a hard to making back their money in foreclosure sales.

The controversial wachovia mortgages that are the root cause of this problem are option ARMs.  Wachovia mortgages markets these option ajustable rate mortgages as “Pick-a-Pay” mortgages.  Borrowers do not have to pay down their principal amount borrowed.  In fact they can also choose not to even pay the accrued interest.  This is very problematic for borrowers because while their house prices are falling their Wachovia mortgages are increasing. Hopefully, Goldman Sachs will help Wachovia mortgages out of this problem.

Do you have too many login names and passwords to remember?  Do you worry about losing your Wachovia online login?  I know that I do.  I probably belong to over 200 websites that require me to remember a login name and password in order to access the website.  This article will cover Handypass, a software login manager that will make sure you never forget your Wachovia online login.

If you have ever forgotten you password and no longer had Wachovia account access, you know how frustrating this can be.  However, Handypass helps you to manage your all of your online passwords.  You can also load Handypass onto a USB stick so that you can have portability with your password manager and have access to your Wachovia my accounts and other Wachovia on line banking services.

Handypass also has a convenient Internet Explorer toolbar that you can setup specifically for your Wachovia online login.  This really makes logging on to your Wachovia online banking interface easy.  With the one click of a button, you can automatically login to your Wachovia My Accounts.  It doesn’t get any easier than that.

In addition to helping you with helping you to access your Wachovia online services, Handypass can help you to fill out online forms.  You can save preset form information into Handypass and then use the software to fill out online forms.  This is super convenient.

We hope that this little tool can increase the ease of use of the Wachovia online login.  If you have any questions, please don’t hesitate to ask a question in the comments below.

f you are thinking about buying a new car, you might want to check out Wachovia auto loans.  As part of the Wachovia on line banking services, Wachovia provides many car buyers with low interest auto loans.    This article will review the Wachovia auto loans.

When you are trying to buy a car, you need a bank or auto financing company that will process you loan application fast so that you know if you have been approved for the loan.  Wachovia auto loans division processes many loan applications everyday and they have focused a lot of attention to make sure the loan application process and loan closing is smooth and quick. Wachovia auto loans can even be closed the same-day or the next day depending on scheduling of the auto loan closing.

If you know that you are going to be buying a new car, you can get pre-approved for Wachovia auto loans.  This will make it very easy for you to buy a car.  When you have finally found the car that you want to buy, you will not have to worry about arranging for the financing of the automobile.

Some of the best feature of Wachovia auto loans are:

• Wachovia will finance up to 100% are the price of the new or used car
• Wachovia will provide auto loans from $5,000 and up
• Next-day closings for many vehicles (subject to credit approval)
• Wachoiva offer fixed or adjustable rate car loans

If you are shopping for a new car, visit a Wachovia banking location or log onto the Wachovia on line banking site.  You will be able to apply for Wachovia auto loans either way.

Yesterday, we discussed the Wachovia Visa Buxx card.  Since Wachovia promotes this Visa Buxx card as a hybrid among a debit card, a Wachovia gift card, and a prepaid credit card, we thought that we would highlight the Wachovia gift cards. This article will review these Wachovia gift cards.

Among the other banking products offered by Wachovia online banking, Wachovia gift cards are a very convenient product that can be used anytime you need to buy someone a gift in a hurry.  Many times when I go to buy someone a gift card, I struggle to figure out which store card to buy them.  I often don’t know their shopping tastes or which stores they shop at.  These Wachovia gift card take all of the guess work out the decision.  The person you are buying them for can use the card anywhere that Visa credit card is accepted.  Being able to shop at any store that accepts a Visa credit card is a huge advantage.

You can buy these Wachovia gift cards in denominations from $25 to $600.  This gives you great flexibility for which occassions you can use these Visa gift cards.  If you are buying a friend a gift to say thank you, a $25 gift card might be the right choice.  If you are buying a high school graduation gift, a higher dollar amount gift card might be more appropriate.

One of the coolest features of these Wachovia gift cards is that you can order them right in the Wachovia online banking website.  This is super convenient.  You don’t have go into one of the Wachovia banking locations and wait in line.  Boy I love the Internet!!

The only downside to these gift cards is the fees.  Everytime the Wachovia Visa gift cards are used, Wachovia charges a $1.00 fee.  If you use them in an ATM machine, there is a $2.00 fee.  You should check out the terms of service on the Wachovia.com website to understand all of the fees associated with these Visa gift cards.

I hope that this review of the Wachovia gift cards was informative.  If you have any questions, please leave them in the comments below.  We here at Online Banking 411 will try to answer any online banking questions that you have.  Stay tuned for our next article on Wachovia auto loans.

Wachovia Visa Buxx

The Wachovia Visa Buxx card is a very unique Wachovia gift card created to help parents teach their children about money and spending money wisely.  No parents want to give their children their credit card for fear that the child will run up a huge bill.  This Visa Buxx card is designed to help parents facing this dilemma.  This article will provide a review of this Wachovia Visa card.

The Wachovia Visa Buxx card allows parents to transfer money from their Wachovia checking account or savings account to the prepaid visa card.  No longer do parents have to worry about their children being stuck without money or going on a shopping spree and racking up a ton of credit card debt.  Anywhere that you can use your Wachovia debit card to make purchases or withdrawals, the Wachovia Buxx card will be able to be used.

Using the Wachovia online banking website, parents can monitor their kid’s spending habits.  Instead of giving your kids money and not knowing how they are spending it, the Wachovia Visa Buxx allows you to check up on how your kids are spending money.  Some parents might be worried about their children buying cigarettes or alcohol.  Other parents might just be worried where their kids are hanging out.  In addition to being able to monitor your child’s spending through the Wachovia online banking website, you can set up the Wachovia Buxx card to send you an email every time your kid uses the card.  The monitor capabilities of this unique prepaid credit card are great.

Another great feature of the of this unique Wachovia visa card is that you can set it up with an automatic deposit to this Buxx card from your Wachovia banking account.  If you typically give you child $20 allowance, you can set up your accounts to make this deposit every week.

This unique twist on a prepaid credit card or debit card gives parents a ton of flexibility.  If you don’t like the idea of your child being able to use the card to withdrawal money from an ATM, you can set it up to prohibit such transactions.  Typically the card does not allow more than $100 to be withdrawn from an ATM over a seven day period, but you can reduce this to what you feel comfortable with.

The only thing that I don’t like about the Wachovia Visa Buxx card is the fees that are associated with using it.  Everytime you load money onto the card, Wachovia will charge you $2.00.  Additionally, there are other usage fees and overdraft fees.  I encourage you to read the Terms and Conditions at the Wachovia.com website before you sign up for one.

I hope that you found this Wachovia Visa Buxx review to be helpful.  If you have any questions, please do not hesitate to ask in the comments below.

PR: wait… I: wait… L: wait… LD: wait… I: wait… wait…

Welcome to Online Banking 411.  Our goal is to review all of the financial products and services offered by Wachovia Online Banking. We will focus on the Wachovia on line banking savings accounts, credit cards, mortgages, certificates of deposit, equity lines of credit, home equity loans, and any other Wachovia bank accounts being offered. We want this to be the premier review site for information about Wachovia Online banking.

Wachovia Bank is one of the fastest growing banks in the United States.  It is a full service bank with Wachovia bank locations in 21 states.  In these 21 states, Wachoivia has over 3,300 bank locations.  Wachovia focuses on the following banking products:

• Complete banking services
• retail brokerage services
• credit and check card products
• home equity lending
• corporate and investment banking
• international banking for business customers
• asset management
• trust services
• auto dealer finance
• student lending
• wealth management
• mortgage banking
• Financial expertise in treasury services

Online Banking 411 will explore each of these businesses and describe the Wachovia accounts and products offered by each of these Wachoiva businesses.

If you are looking for information about Wachovia online banking or more general information regarding high interest savings accounts, certificates of deposit, home loans, equity lines of credit, please bookmark Online Banking 411.  In addition to covering Wachovia banking, we will also cover ING Direct savings accounts, Emigrant Direct savings accounts, Wachovia cd rates and many more high interest savings accounts when we discover great deals.  If you have any questions about online banking, please leave a comment in any article.  We will try to answer your questions as best as we can.

PR: wait… I: wait… L: wait… LD: wait… I: wait… wait…