Wachovia Way2Save A New Savings Program

Written by admin on July 26, 2009 – 5:00 pm

Wachovia's Way2Save We should all know by now that Wachovia is now a Wells Fargo. If you didn’t know, here is an article on why Wachovia was taken over by Wells Fargo Wells Fargo take over of Wachovia Bank. Nevertheless, Wachovia/Wells Fargo Bank has a new savings program called “Way2Save“. Way2Save is a new program that allows you to automatically save with everyday purchases you make.

Similar the the “Keep the Changes” program by Bank of American, Wachovia’s Way2Save helps you automatically save without changing your everyday norms or spending habits. Reports suggest that over 2 million Wachovia customers are already using the Way2Save program. Here’s the ins and outs of the new Way2Save program from Wachovia/Wells Fargo Bank:

Sign up for a Way2Save account — if you do not have a Wachovia checking account you will need to open one.
Make a purchases – Everytime you make a purchase with your Wachovia Checking Account Card $1 from your checking account will be transfer into your Way2Save account. Meaning the amount of your purchase + $1.00 will be deducted from your checking account. Making a purchase includes: Paying bills online and automatic debit payments.
Way2Save Savings – Currently the interest rate on your Way2Save account is at 5.00%.

Other Way2Save Rules and Regulations:

If your checking account does not have sufficient funds the transfer will be cancel — The $1 transfer will not occur.
Your Way2Save account is funded by $1 transfers based off your purchases. However, you can deposit an additional $100 every year.
The 5.00% interest rate is a special rate for the 1st year. Year 2 and 3 interest rate is 2.00%. By year 4 the interest rate will be the same as a premium savings account.

For more information on the Way2Save program go to Way2Save Program at Wachovia Bank

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