Best CD Rates » Wachovia CD Rates

World Bank CD Rates

Douglas — Thu, 20 May 2010 12:21:13 +0000

The World Bank CD rates are not from the international financial institution that supplies leveraged loans to developing countries around the world. It is also not the World Bank Group. These CD rates would have been from the World Savings Bank.

World Savings Bank was one of the financial institutions that made a great number of sub-prime loans while the mortgage boom was underway. They required the homeowners to only pay 1.95% to 2.85% of the loan as a minimum payment.

In 2006, Wachovia bought out World Savings Bank along with all of the loans that were made. When this occurred, the minimum loan payment for homeowners was lowered to 1.5% and then to 1.0%. Wachovia continued to make these sub-prime loans until the mortgage market began to crumble in 2008.

By the end of 2008, Wachovia itself was sold to Wells Fargo which was finalized in mid 2009. Today, Wells Fargo is one of the big 4 banks in the nation.

So the great reputation that was World Saving Bank was carried forward to Wachovia and improved their reputation. This has now all been absorbed by Wells Fargo which has its rich history that is over 150 years, dating back to the stage coach.

All that remains of World Savings Bank are the sub-prime loans. There are no CD rates to speak of since the bank itself is no longer.

The last known World Bank CD Rates were exceptional at 5.76% for a 10 month CD. Unfortunately, this rate dates back to 2006 and the pre-recession times before the bubble bursted.

For additional resources about CDs on this website about another state, please view Bank One CD Rates.

The Bank of America Online is available on our sister website of onlinebanksblog.com. Also available on the sister site of bankcdratesonline.com is St. Louis CD Rates.

We strive to bring you the latest and most accurate data possible from the home sites of the financial institutions we name. Always remember – the bigger the risk, the larger the reward or loss. Invest with caution.

Wachovia CD Rates Update

Douglas — Mon, 18 Jan 2010 10:36:53 +0000

The Wachovia CD rates update for this period remains pretty much the same as last week. So far, no new or higher rates have been on the offer from Wachovia. But for those who do not wish to toggle between pages, here’s a look at the current rates on their website.

Wachovia still has the featured CDs in some areas that they are currently in promo. The minimum opening deposit amount still remains $5000. At this time, the 23 month CD has an interest rate of 1.14% with an APY of 1.15%. The 30 month CD has an interest rate of 1.73% with an APY of 1.75%. The 37 month CD has an interest rate of 2.13% with an APY of 2.15%. So if you feel these are the rates for you, take advantage of these promotional CD rates because these promo rates may not last long.

Wachovia’s rates on their standard fixed rate CDs also remain the same. The interest rates and APYs are the same per term regardless of the balance tier whether $1000 to $100,000. The 3 month CD has an interest rate of 0.01% with an APY of 0.01%. The 6 month CD has an interest rate of 0.25% with an APY of 0.25%. The 9 month CD has an interest rate of 0.35% with an APY of 0.35%. The 12 month CD has an interest rate of 0.40% with an APY of 0.40%. The 18 month CD has an interest rate of 0.60% with an APY of 0.60%. The 24 month CD has an interest rate of 0.70% with an APY of 0.70%.

These rates were posted on 1/17/10 and were still accurate as of 1/18/2010. For more details on Wachovia CD rates update in your area, visit their website.

Wachovia Certificate of Deposit (CD) Rates

author — Sat, 05 Sep 2009 13:22:04 +0000

When we last considered Wachovia CD rates, we here at Best CD Rates Today focused on six month terms and specials. Now, it’s time to look at all of the certificate of deposit offers at Wachovia so you can see the latest.

There are three special offers for Wachovia certificate of deposit rates right now. These special terms are for 14, 17, and 27 months, have minimum deposit requirements of $5,000 and require a linked checking account at Wachovia as well. These have annual percentage yields of 1.01%, 1.35%, and 2.25% respectively. Pretty good and very competitive returns for those CD rates at Wachovia.

Standard Wachovia CD rates start with minimum deposits of $1,000, but do not require a checking or other account attached. These are also in annual percentage yield (APY) and are relatively competitive to the rates offered by other large, national banks.

For three month terms, Wachovia certificate of deposit rates are 0.15% APY while six months give CD rates at Wachovia of 0.35% APY.

A nine month term yields 0.45% APY in Wachovia CD rates and a year (12 months) shows 0.55% APY in returns.

Eighteen months gives a 0.65% APY in CD rates at Wachovia while 24 months gives 0.75% APY.

Of course, all Wachovia certificate of deposit rates can change any time, so if any of these CD rates at Wachovia appeal to you, lock yours in today. All Wachovia accounts are FDIC insured to the fullest extent of the law.

Wachovia CD Rates – 6 Month CD Rates

author — Mon, 10 Aug 2009 13:06:34 +0000

We here at Best CD Rates Today had several queries about how the six month CD rates are right now. One person asked about offers at Wachovia, so we thought we’d cover that first. In our next installment, we’ll look at the best 6 month CD rates available nationally.

Wachovia 6 month CD accounts are giving a 0.45% annual percentage yield (APY) right now on all deposit levels, with the minimum deposit being $1,000. You can raise that rate to 0.55% APY if you’re willing to ad another 3 months to your term (making it 9).

The Wachovia rates really don’t get too interesting until you get up to the specials, which are at 13, 21, and 32 months. These require an auto-renewal for a like term at standard rates, however, so they aren’t very good short-term options (13 months becomes 2 years, for instance). Those specials also require a $5,000 minimum deposit.

If you have a minimum balance of $2,500 and are willing to take the risk of a variable rate changing, Wachovia CD rates can be beat by going with a money market at a current 0.75% APY right now. Again, this doesn’t include a guaranteed, locked rate like a Wachovia CD rates, but might be worth considering.

The Wachovia 6 month CD rates and Wachovia rates on money market are very good compared to the variable rate savings at 0.05% APY right now, as a comparison.

Wachovia is FDIC insured to the fullest extent of the law, of course. If you see any Wachovia rates here that appeal to you, make sure to lock yours in now. Wachovia 6 month CD rates change regularly.

4.00% 12 Month Wachovia CD Rates

nittany — Mon, 10 Nov 2008 16:11:46 +0000

This months featured Wachovia CD is the 4.00% 12 Month Wachovia CD rates. Wachovia CD rates are always some of the best bank cd rates in the country. Whenever I am looking for the best CD rates, I always check out the featured Wachovia CDs. These featured CDs offer great Wachovia CD rates.

These Wachovia featured CD require a minimum deposit of $1,000 to open. If you are looking for a 12 month CD, these are high online CD rates from a very well known bank. High interest CDs are a great way to invest your money as compared to savings accounts. If you can afford to not touch your savings over the next 12 months, this 4.00% 12 month wachovia CD rates are great.

I also like Wachovia CDs because they consistently offer high online CD rates. When you 12 month CD term is up, chances are you can easily roll over these Wachovia high interest CDs into a new featured Wachovia CD. This makes banking extremely simple.

So head on over to Wachovia and read more about these 4.00% 12 month Wachovia CD rates.

Wachovia CD Rates

nittany — Mon, 06 Oct 2008 11:48:36 +0000

Wachovia Bank might be going through some rough times, but they are offering some great cd rates. Every month Wachovia has two featured CDs. This article will focus on these featured CDs and their Wachovia CD rates.

The two Wachovia CDs featured this month are its 7 month CD and its 12 month CD. Let’s start with the Wachovia 12 month CD because I feel that it has the best CD rates rates at Wachovia right now.

Wachovia 12 month CD

The Wachovia 12 month CD has a CD interest rate of 4.07% and an APY of 4.15%. These Wachovia CD rates are excellent if you are looking to save you money for a relatively short period of time.

Wachovia 7 month CD

The next featured Wachovia Bank CD is its 7 month CD. The Wachovia 7 month CD has a CD interest rate of 3.68% and a high CD APY of 3.75%. For the extra 5 months of the CD term, I prefer the Wachovia 12 month CD vs the 7 month CD. However, if you need your money prior to 12 months, then the Wachovia 7 month CD might be worth checking out.

Wachovia CD Rates Recap

Compare these best CD rates to an ING Direct savings account. You can’t earn 4.15% interest in an ING Direct savings account. Therefore, while there is tons of discussions about these high interest savings accounts, depositing your money into a 12 month CD at Wachovia Bank.

Wachovia CD rates are always very competitive. If you like doing your banking with a large bank, you can’t go wrong with a Wachovia certificate of deposit. Stay tuned to Best CD Rates for more great CDs.