Wachovia CD Rates Update
We first wrote about Wachovia CD Rates last summer, and we have occasionally checked back in with them since that time. Therefore, Highest CD Rates thought we would take another look at Wachovia CD Rates to see how they are shaping up now that Wachovia has been acquired by WellsFargo.
We are sorry to report that the standard fixed Wachovia CD rates are nothing to get too excited about. All of those rates, even Wachovia jumbo CD rates, are currently less than 1.00 percent Annual Percentage Yield (APY).
However, things got a bit better when we looked at the Featured Wachovia CD rates. Currently, Wachovia has two featured CDs, so we took a look at both of them.
The Wachovia 9 Month Featured Certificate of Deposit earns interest at the rate of 1.49 percent, which translates to an APY of 1.50 percent. This CD requires a minimum deposit of $5,000.
The Wachovia 14 Month Featured Certificate of Deposit earns interest at the rate of 1.88 percent, corresponding to an APY of 1.90 percent. A minimum deposit of $5,000 is also required for this CD.
Therefore, if you are in the market for a 9 month or 14 month certificate of deposit, you should take a look at Wachovia CD Rates. Be sure to check out the Wachovia online banking web site to confirm the rates and terms available in your area, as CD rates can change quickly and vary by location.