Bank CD Rates

Today, we’re going to have another look at Wachovia Bank CD rates here at Bank CD Rates Online.

Wachovia Bank CD rates will eventually become the CD rates offered by Wells Fargo as the latter has acquired the company. Current CD rates for different terms of investment are described below.

CD rates at Wachovia for a 1-year investment option are estimated at 0.40%. Customers looking for a minimal duration of investment can also invest in the 6-month CD where they will receive an APY of 0.20%; 9-month CDs also return the same APY of 0.20%.

Wachovia CD rates for a n 18-month investment are estimated at 0.60% whereas a 2-year investment returns an APY of 0.70%. Minimum opening deposit required for this investment is $5,000.

In case of a Wachovia checking amount, special CD investment options are available. A 23-month CD in this case will return an APY of 1.15%. A 30-month CD returns an APY of 1.65% whereas a 37-month CD returns an APY of 2.15%. A 55-month CD returns an APY of 3.00%. Minimum deposit for these CDs is $5,000. The bank imposes penalty on early withdrawals and violation of other rules and regulations. Penalties are imposed in a standard manner with an early withdrawal in 1-year CD results in the deduction of 90 days interest. Withdrawals from CDs greater than a year will see a deduction of 180 days interest in case of early withdrawal.

Wachovia offers free online banking and other facilities over its website. CD accounts can be opened within a few minutes over the company website as minimal documentation is required.