Wachovia Bank CD Rates

Wachovia Bank is offering a 1.50% APY FDIC insured CD with a 19 month term.

Special CD Rates at Wachovia Bank "
Term Rate APY Minimum

11 Month CD 0.75% 0.75% $5,000
14 Month CD 1.00% 1.01% $5,000
19 Month CD 1.49% 1.50% $5,000

A Checking account is required to get these special rates.

For more rates and terms for Wachovia Bank certificates of deposit plus contact information, see Wachovia Bank CD Rates

.

Wachovia Bank CD and Savings Rates

Today's rates from Wachovia Bank:

==> " CD Rates at Wachovia Bank " as of 3/4/09 <==

Term Rate APY

9 Month CD 1.39% 1.40% $5,000 Min
17 Month CD 1.98% 2.00% $5,000 Min

High Performance Money Market Account

Balance Tier	Interest Rate	APY
$0.00-$4,999.00	0.04%	0.04%
$5,000.00-$9,999.00	0.10%	0.10%
$10,000.00-$24,999.00	0.20%	0.20%
$25,000.00-$49,999.00	0.54%	0.54%
$50,000.00-$99,999.00	0.74%	0.74%
$100,000.00-$249,999.00	0.90%	0.90%
$250,000.00+	1.00%	1.01%

More at Wachovia Bank Best CD Rates

Wachovia Bank Has 5.25% CD Rates

We just got this data off a rate sheet from Wachovia Bank late yesterday.

==> " CD Rates at Wachovia Bank " as of 6/24/08 <==

. Term Rate APY
.7 Month CD 3.92% 4.00%
12 Month CD 4.16% 4.25%
18 Month CD 4.31% 4.40%
24 Month CD 4.40% 4.50%
36 Month CD 4.88% 5.00%
48 Month CD 5.02% 5.15%
60 Month CD 5.12% 5.25%

Rate Sheet for San Francisco Bay Area,
Effective 6.24.2008

• =>Beware of Annuities

More Information here

Best Unpublished CD Rates from Wachovia Bank

These are the Best Unpublished CD Rates and terms at Wachovia Bank that they offer as a "last resort" to keep or get your business.

Wachovia usually gets new customers with great CD "teaser rates" that they automatically roll over into a CD that pays a much lower rate at the end of the teaser term.

You don't have to take what they give you! You CAN get a much better rate.

The day your CD matures, call the number they give on the "Automatic Renewal Notice" and say you want to take your money to a better paying bank we list on our Highest CD Rates page. This should get you their best rates to keep your money.

Steps to get the best rates when you renew a CD at Wachovia Bank:

1. Print out the CD rates shown on our Highest CD Rates page before you call so you can quote specifics.
   .
   
2. Call and them you want to close your CD that just rolled over into a low rate.

These are the rates we were quoted:

==> " Best Unpublished CD Rates at Wachovia Bank " as of 6/3/08 <==
13 months - 3.30% APY
2 - Years - 3.50% APY
3 - Years - 4.00% APY
4 - Years - 4.75% APY

For the latest update, see Wachovia Bank Unpublished CD Rates

Wachovia spends money to get new customers. Wachovia will also spend money to keep the smart ones too by giving us their best, unpublished rates.

Wachovia Bank Lowers CD Rates

Sadly, the special 3.75% APY rate at Wachovia Bank for a 9-month CD we reported here (See April 1: Best CD Rate Survey Update) is no longer available.

Wachovia has lowered this special rate to 3.15% with all other APY terms between 1.29% and 1.80%.

Wachovia's lowest regular rate today at 1.29% is for a 9-month CD. It looks like they lure you in with the special 3.15% rate then hope you let it roll-over and renew automatically at their lowest rate. Make sure you set your electronic calendar to remind you to renew for a different term, a different bank with better rates or a new special rate when the CD comes due.

Make sure you read our articles:

• How to Get the Best CD Rates
  and
• Beware of Annuities

.

Pentagon Federal Credit Union (PenFed) Offers 5.25% CDs

Pentagon Federal Credit Union (PenFed) has announced its new CD rates. The highest CD pays 5.25% for a 7-year term with a $1,000 minimum deposit. Their 6-month CD only pays 3.85%. PenFed calls their CDs "Money Market Certificates." Get a full list of PenFed rates and terms here.

• Note, for shorter term CDs, I like the 5.05% APY 5-month CD offered by Wachovia Bank.

Features of PenFed CDs:

Automatic Renewal:

Your certificate will automatically renew at maturity unless you change your options via online banking. You can also call or write with other instructions.

Dividend Options for Your Money Market Certificate

You choose whether your certificate dividends are paid monthly or at maturity. You can also choose from the following dividend payment options:

1. Add your dividends to the certificate
2. Transfer them to your Regular Share, Checking, or Money Market Savings Account (MMSA)
3. Have them sent to you in the form of a check

If you choose option 1 above, then you may select any of the three options listed below for the payment of dividends at certificate maturity. However, if you select option 2 or 3 above, then your last dividend payment at certificate maturity will occur in the same manner as the payment of principal you select below.

In the case of 1-, 2-, 3-, 4-, 5- and 7-Year Certificates, choosing option 1 above produces a higher yield, as dividends will compound on the dividends paid into the certificate.

Three options also exist for the payment of principal at certificate maturity

1. Use the principal to automatically renew the certificate
2. Have it transferred to your Pentagon Federal Regular Share, checking account, or Money Market Savings Account
3. Have it sent to you by check

Locked-in Rates: Once you purchase a Pentagon Federal Money Market Certificate, the rate is locked in for the term of your certificate. The 6-Month Certificate earns dividends on a simple interest basis, while the dividends on all other certificates are compounded daily, giving you maximum returns.

PenFed says: "Your savings insured to $100,000 by the National Credit Union Administration (NCUA), an agency of the U.S. Government. Traditional and Roth IRAs (Individual Retirement Accounts) are insured to $250,000 by the NCUA. We do business in accordance with the Federal Fair Housing Law and the Equal Credit Opportunity Act.Rates are current as of December 2007 unless otherwise noted and are subject to change. "

You need to join PenFed to get their great rates. If you are not already a member of a eligible organization, you can get the rates by joining "The National Military Family Association" (NMFA), a leading non-profit advocacy organization for military families. NMFA's membership is open to anyone who supports their important work on behalf of military families. One of the benefits of membership in NMFA is that being a member makes you eligible to join Pentagon Federal Credit Union.

Get a full list of PenFed rates and terms plus information on how to join here.

• Article: How to Get the Best CD Rates
  
• Article: Beware of Annuities