Wachovia Online Savings
Here at Online Banking 411, we’re always looking at how we can help you make the most of Wachovia. Today, we’re looking at savings accounts for a fresh update.
Wachovia online savings are now essentially Wells Fargo saving accounts because the latter has acquired Wachovia. Wells Fargo Bank offers a number of high yield money market accounts with most of them returning handsome profits. High Yield Money Market accounts at Wachovia offer a multitude of APY with an investment of under $5,000 returning an APY of 0.02%.
Savings at Wachovia under this High Performance Money Market account increase with the balance tier. An investment of $25,000 or higher returns an APY of 0.16% and an investment greater than $100,000 returns an APY of 0.30%. Highest returns are available for investments greater than $250,000 with an APY of 0.40%. Minimum online deposit required for High Performance account is $1,000 with the maximum online deposit of $75,000. The bank does not charge any fees for incoming online transactions though a standard fee of $3.00 is available for the outgoing online transfers.
Wachovia Online offers complete services for opening High Performance accounts. Customers can also go through details and specifications of the accounts along with interest rates and other rules and regulations. The elimination of paperwork has made the working of these accounts easier.
Premium Savings are another highlight of Wachovia’s money market accounts. This account offers economical savings option with the minimum deposit amount of $100. APY for these accounts start from 0.05%. Maximum deposit for Premium Savings account is $25,000. The account can be opened on Wachovia website and allows customer to do online transactions and withdrawals.