bank rates

Wachovia Bank Certificates of Deposit Rates

Posted in Bank CD Rates by Bankaholic
August 11, 2008 12:55 PM - 88 Comments

It is in an individual’s interest to focus on creating some alternative sources of income. One can start with small savings and gradually increase to opting for big schemes. Banks provide amazing investment opportunities. The deposit products are flexible which allows you to start with even a small amount. For instance Wachovia Bank’s Certificate of Deposit Scheme can be started with just $1,000.

A Certificate of Deposit pays you guaranteed interest rate for the term you deposit your funds. The term can vary from few months to years. Below explained are the different types of CDs as offered by Wachovia Bank:

Featured CD:
With an opening deposit of $5,000 you get to earn:

7 Month CD earns 3.92% interest, 4.00% APY
9 Month CD earns 4.07% interest, 4.15% APY
12 Month CD earns 4.16% interest, 4.25% APY

Features:
@ Automatic renewal option available on maturity of CD.
@ Receive interest payment either monthly or quarterly.

Liquid CD:
With an opening deposit of $5,000 you get to earn:

3 Months Liquid CD earns 1.06% interest, 1.07% APY
5 Months Liquid CD earns 1.06% interest, 1.07% APY
10 Months Liquid CD earns 2.03% interest, 2.03% APY

Features:
@ You have the option to withdraw $500 or more every 7 calendar days.
@ $500 minimum for deposits and withdrawals.
@ After withdrawal the balance should remain $500.
@ Automatic renewal option available on maturity of CD.

24-Month Step Rate CD:
You need a minimum opening deposit of $1,000.

$1,000 – $9,999,999 earns 2.83% interest, 2.87% APY
Blended Yield earns you 0.00% interest, 3.10% APY
Step Rate Bump 6 Months earns you 2.98% interest, 3.02% APY
Step Rate Bump 12 Months earns you 3.13% interest, 3.18% APY
Step Rate Bump 18 Months earns you 3.28% interest, 3.33% APY

IRA CD:
$0 – $9,999 deposited for 3-6 month term earns 1.00% interest, 1.01% APY and the same amount earns 2.47% interest, 2.50% APY.
$10,000 – $49,999 deposited for 3-6 month term earns 1.05% interest, 1.06% APY and the same amount earns 2.57% interest, 2.60% APY.
$50,000 – $99,999 deposited for 3-6 month term earns 1.10% interest, 1.11% APY and the same amount earns 2.66% interest, 2.70% APY.
$100,000+ deposited for 3-6 month term earns 1.15% interest, 1.16% APY and the same amount earns 2.76% interest, 2.80% APY.

Features:
@ Automatic renewal option available on maturity of CD.

Common Features for the above CD account types:
@ 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.
@ Free transer of funds to your Wachovia account and charges of $3-$10 charged for non-Wachovia account transfer.

For any guidance you may contact toll-free banking on (800) 922-4684.

Comments (88)
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  1. Kathy Zuther said:
    on July 15th at 12:10 pm

    WACHOVIA, PLEASE UPDATE ALL YOUR WEBSITES. i HAVE LOOKED AT SEVERAL WACHOVIA WEBPAGES AND THE DATA IS FROM 2008. THIS IS VERY ANNOYING. I HAVE SEVERAL ACCOUNTS WITH WACHOVIA AND WONDER IF THEY CAN’T KEPT A WEBSITE UPDATED WHAT ARE THEY DOING WITH THEIR BANKING POLICIES.

  2. donnie mcdaniel said:
    on August 1st at 07:31 pm

    this website is very disappointing as to the rates available

  3. Michelle said:
    on August 24th at 04:48 pm

    Si je vous écris en français, et si je demande la réponse quant aux différences entre l’intérêt indiqué–est-ce que tout le monde se mettra en colère aussi? Seulement une petite question…je suis américaine (et citoyenne!) mais moi, aussi, je suis bilingue!

  4. me said:
    on August 25th at 08:45 am

    yall are ridiculous!

  5. tka42004 said:
    on August 31st at 07:50 am

    i was just at wachovia a few days ago, and they are not paying these kinds of rates…..not even close to what your trying to tell us they pay, and you only get a choice of 2 cd options, not any of these others you are showing here!!! why do you give us lies????!!!!!

  6. Buck said:
    on August 31st at 10:50 pm

    Of course not. The rate information was posted on August 11, 2008 – It’s more than a year old and well before before the sh** hit the fan. This website doesn’t keep current, This string is mostly mal-content bigots and racists whining about minorities not speaking English. The GOP has been defeated and it’s time for all the bigots and racists to step aside and watch the Democrats try to fix the financial disasters the GOPs created after eight years in power.

  7. Isabel said:
    on September 3rd at 08:15 pm

    I own a lot of stock in Wells Fargo. Buck is correct. If you can’t handle a simple situation like a website, how are you contributing to running a bank too big to fail?

  8. don kane said:
    on October 6th at 04:30 pm

    How long are you going to show these totally inflated CD interest rates??

  9. andrzej said:
    on November 16th at 01:58 pm

    czy ja tez sie mam uczyc po hiszpansku? cholera a ja sie tak trudze juz dwadziescia lat po angielsku.dzieki ci alex za oswiecenie.od dzis jestem komunista, tzn. demokrata. hehehe pomecz sie jak tak lubisz obce jezyki.

  10. Andy said:
    on December 2nd at 01:19 pm

    I work at Wachovia and since the buyout by Wells Fargo and the state of the economy you won’t see CD rates at what they were for a long time. As long as the Fed interest rate is low and mortgage rates are low as well the CD rates will follow suit (all banks have pretty much the same rates give or take a tenth of a percent). The basic concept of savings and loan.

    My suggestion to people who are looking to beat out the ridiculous infaltion that is looming over us and will hit very soon is to put your money in REAL investments that do pay and are not FDIC. But you need to know there is a risk in that but these products that are available are very stable and will earn you much more than a CD ever will. Still, there are people with realistic fears that their banks could fail in this economy and that is why there are CDs.

    You need to come to a compromise and take the low rates on CDs if you want 100% guaranteed or weigh the pros and cons and take an investment product such as bonds or other funds to compensate.

    I hope this helps everyone out.

  11. Paul Wesson said:
    on December 15th at 04:03 pm

    My god, can’t you keep your web site and CD rates more current than 2 years old?

  12. SeniorCitizen said:
    on December 18th at 08:53 am

    Came here looking for CD rates and got bombarded with a foreign language. I am AMERICAN and I read and write English. Wasn’t even given opportunity to Press 1 for English! This may sound racist (and I don’t care), but am tired of MY government giving in to people who want to live in this great country who don’t have the time to learn our language. Go to Greece or France or Germany and bombard these countries with Spanish and see what you get.

  13. Winston said:
    on February 13th at 08:33 am

    guys, all of you need to stop being ignorant and realize that America is a diversified country. So quit sleeping in LA-LA land and open your eyes hope when you do that you look around and see things for ehat they are.
    stop with the judgement of others.

  14. SedaliaSue said:
    on February 26th at 12:22 pm

    It’s about time the So called, “American Public” realize that being able to speak in more than one language offers a treasure of opportunities. Not only for travel but for job opportunities. Get over the idea that Spanish is not an American language, hello? We’ve been hearing it for over 200 hundred years in this country. Just because one chooses to speak a certain language, doesn’t give them the right to tell others their language doesn’t count. It’s been tried in many European countries, i.e. Italy during the war years. God Bless one and ALL! No matter what you speak!

  15. Johnny said:
    on March 6th at 12:12 am

    Did anyone realized this is site is assessable from Mexico, Spain, or any country in South America. This is part of the internet. You don’t have to live in America to use it and you don’t have to speak English to use it. If some ones native language bothers you. LEARN IT.

  16. lou rey said:
    on April 12th at 06:03 pm

    to all you morons who claim america as your country. canada, usa, and mexico actually reside in what is considered america. as for going to other countries and speaking spanish and not being understood. wrong, spanish is the most widely spoken language in the world and almost every country has someone who understands it even russia. get a life and learn another language so that when you travel somewhere else you’ll be able to communicate with someone instead of feeling like they’re talking about you. i’m a 4th generation hispanic american and speak 7 languages fluently, retired military, married to non-hispanic wife so stop sitting on your stool complaining about what should be or not. bottom line is that in about 15 years spanish will probably be the majority language in the usa, a country that will probably be owned by china.

  17. Chris said:
    on April 20th at 12:41 pm

    Great rates! Incidentally, I am an American who appreciates the Spanish language and enjoys speaking it. The best countries I have visited are bilingual and bicultural. My fellow citizens who get so angry (and ugly) about language and culture reveal far more about themselves than they realize. We now have a President of color who I admire. Bet it drives them crazy!

  18. jackie said:
    on May 3rd at 03:47 pm

    i would like to comment about the racial comments from everyone not only norrth americans, but south americans the deal is not who speak what? if yu white, black,spanish just because someone ask 1 question in spanish everyone bring out comments that are not even intellegent, some talk about yu grandpas comming and learning the lenguage others about who is who and where they come from!! before yu bit the tale of others look around yourself before any stuped comment this country is made of immigrants the only real native americans as i said are the “NATIVE AMERICANS”so feel or be what you want but not pure american so!! conclusion LAND IS LAND EVERYWHERE GOD MADE IT FOR ALL THE PEOPLE AND BORDERS ARE JUST THAT MADE BY THE PEOPLE.

    THANK YOU ALL.

  19. harold said:
    on June 17th at 10:41 pm

    why is it still 2008. on aii of this. need to up date.

  20. JESUS said:
    on June 23rd at 12:05 am

    I LIKE YOUR COMMENT JACKIE
    WHATEVER HAPPENED TO (FREEDOM OF SPEECH)?
    WE ALL CAN EXPRESS OUR OPINIONS AS LONG AS IT DOESENT HAVE VULGARITY.RATHER, IT IS ENJOYABLE TO READ OTHERS COMMENTS AS WE ALL CAN EXPRESS OURSELVES.

  21. RUTH said:
    on July 24th at 04:37 pm

    IT WOULD BE NICE IF YOU WLD REMOVE……ALL THIS OLD INFO ON CD’S AND PUT UP CURRENT INFO ….IT JULY 2010 ALREADY
    …OH!! ALSO COMPANY NAME IS NOW “WELLS FARGO”………HAVE A GOOD DAY……

  22. Billy Mack said:
    on September 4th at 07:04 pm

    You still have rates from 2008??? @#$#%$#@ I get all excited then I see the rates are from 2008. Come On Get Up to Date..

  23. shane said:
    on September 10th at 07:16 am

    if i deposit 1,600 a year in a regular savings account what would my intrest rate be?

  24. CH said:
    on September 14th at 05:16 pm

    The Wachovia CD rates your publishing here as a featured CD has the wrong APY. 7 month is not available and not 4.0%. 9 month is not 4.15% it is .2%. 12 month is not 4.75APY it is 1.9%

  25. barbara rhea said:
    on January 5th at 11:42 am

    rate quotes for all services are completely out of date. the information is misleading and incomplete.
    try another site which will be more reliable. this is a waste of time.good luck to all!!!!!

  26. Confused said:
    on April 4th at 11:08 pm

    What’s with this racism? 1. Who says they need to live in USA to be using the internet? 2. To my knowledge, this is planet earth, and we’re humans, so why are u insulting Hispanics? 3. Hispanics descendants were natives of America, yet treated like immigrants. Just because someone puts up a fence doesn’t make it right to insult people. 4. Why, oh please tell me why, aren’t these comments about the topic?! I just inherited some money and wanted to know the best investment option. I just finished college.

  27. boutgivuponu said:
    on April 6th at 04:07 pm

    you do realize it’s 2011 NOT @&*%$##@%$##@ 2008 you dummies who is your webmaster chuckle at this so called website?

  28. Chief Walksalot said:
    on June 11th at 07:17 am

    From the looks of things, a lot of Americans don’t speak English any more: ya know? there going their to be with there famlee. Mo Fo, ho, what up, aint so, gonna be, biotch, … and on and on. Even major news sites online have misspelled words! Sorry, that’s unforgiveable. If you publish, get it right.
    Rates at the Credit Union I use dropped yesterday. I cannot find any better rates anywhere, and they had the best rates in this area. To quote Zorg from The Fifth Element, ” I’m screwed.”
    One more thing: the rates at Wachovia are out of date; they’re from 2008. I’m sure they are much lower today.

  29. Want Up To Date Rates said:
    on July 17th at 08:11 am

    If your looking for up to date rates try http://www.cdrates.org.

  30. Juliana l said:
    on March 7th at 02:40 pm

    ACTUALLY IM AN IMMIGRANT AND WHEN I WAS ILLEGAL I DID PAY TAXES WITH WHAT IS CALLED A “Tax ID number” JUST IN CASE YOU IGNORANT “AMERICANS” DIDNT KNOW. I DIDN’T HAVE HEALTH INSURANCE BECAUSE I DIDN’T HAVE A SSN. THEREFORE I COULDN’T GO TO ANY DOCTOR OR HOSPITAL BECAUSE IT WOULD ALL COME OUT OF POCKET. CAN YOU IMAGINE THE WORST PAIN IN YOUR LIFE AND NOT BEING ABLE TO BE LOOKED AT BY A DOCTOR BECAUSE YOU WILL OWE THEM AN EYE FOR JUST A SIMPLE ADVIL?????!!!!! I DINT THINK I WAS BETTER THEN ANYONE BUT I WALKED WITH MY HEAD UP HIGH BECAUSE I WASN’T ASHAMED OF WHAT I WAS DOING. WAKING UP AT 3 IN THE MORNING LEAVING WORK AT 4 pm TO GO TO SCHOOL AT 5 CONE BACK HOME AT 10 AND DO IT ALL AGAIN FOR 6 DAYS A WEEK. I DIDNT SELL DRUGS, PROSTITUTE MYSELF, DIDN’T STEAL. ITS SO SAD AND PAINFUL TO SEE ALL THESE PEOPLE SAY THE THINGS THEY DO BACAUSE I WAS ONCE IN A PLACE WHERE EVERYONE WAS AGAINST ME AND NO MATTER HOW MANY STEPS FORWARD I WAS TAKING I ALWAYS SEEMED TO TAKE TWICE AS MANY BACK. TODAY I THANK GOD FOT GIVING ME THE STRENGTH TO GO THROUGH ALL I DID BECAUSE IT HAS MADE ME VALUE THE POWER OF A CAR, A SSN, BUT MOST IMPORTANTLY IM GLAD I DON’T HAVE TO HIDE FROM ANY COP THINKING THEY WOULD SEPARATE ME AND MY FAMILY. IM 24 AND A GRADUATE FROM NJIT AND THANK GOD I HAVE A JOB AT A CORPORATE COMPANY AS A CIVIL ENGINEER. I DIDNT STEAL ANY ONES JOB. I EARNED IT.

  31. Margo Hermila Izabal said:
    on April 17th at 08:37 pm

    Juliana you have said at all. I also came to this great country the same way in 1953 and my mother had to work in two places in order for us to survive in this country. We never up to this day have not even asked for a penny from the government or any one else. I was 13 years old went to school left this country to immigrate came back continue with my education got married had two children started worked at Chevron Oil Co., left after 25 years of service because they moved to another state was asked to go with them unable to accept due to my husbands job stay home home for about a 1 1/2 started working again in Mercury Insurance Company SAVED MONEY and retired early. All the years that we have lived in this country up until now we have paid taxes in food, home, cars etc., and we have not used WELFARE as most generations do since they know that by having lots of children they get help from the govermnet or from all of us that pay takes. I forgot to let you know that I also studied to become a citizen so I can vote and get rid of all those policiticans that are following the same habits as politicians of the latin american. VIVA USA AND MAY GLAD BLESS AMERICAN

  32. Dulcialeila said:
    on August 6th at 06:30 pm

    I just want to know if this a good way to save up to start a family. My uncle did this and made a very good amount after two years. Does anyone know how this actually turns out with this bank?

  33. Life said:
    on February 22nd at 07:50 pm

    People that access this website are obviously looking for guidance on how to invest their money with the possibility of increasing their gains. We are all human beings, and at the end of the day, we all originated from the same parents. This world would be a better world if we all dignify each other by utilizing upbuilding words and not demoralizing each other by our inner self hatred. I think everyone ultimately wants the best for their families, and that being said, will search for ways to improve their lifes by searching for viable investments. If you don’t find a suitable answer on this website, just keep searching and asking questions until you feel that your research has satisfied your uncertainties. Keep searching, love life, reject hatred!

  34. pitts said:
    on November 15th at 04:50 pm

    why are these rates totally different than those quoted to me last wee when i pulled money out of wells and put into fla citizens?

  35. เมดิลีน said:
    on March 12th at 07:59 am

    There’s certainly a great deal to find out about this issue.
    I love all the points you made.

  36. Brian Zucker said:
    on May 31st at 12:45 am

    Likewise, people who have degrees in social work will find ample opportunities
    in the different non-governmental organizations (NGOs). They could be involved in budgeting,
    cost management, evaluation, and strategic planning.

    This is then used to calculate how much tax you are required to pay and how
    much you have to contribute towards National Insurance.

  37. Minions Couples Polluver Hoodies said:
    on April 27th at 11:47 pm

    I just added this web site to my feed reader, great stuff. Can’t get enough!

  38. johnny said:
    on May 1st at 02:55 pm

    Wachovia is very disapointing and not a competitive bank, I have kept a checking account with thsm since been there for many years, but majority of resources elsewhere

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