Wachovia CD Rates
The Wachovia CD rates reflect the parent company of this financial institution. This is a subsidiary of Wells Fargo Bank. Wachovia Bank has been in business since 1908 and built a very good reputation for themselves in the last century. Unfortunately they found themselves in financial trouble during this current financial recession and the U.S. Government force the sale of this bank and all of their assets. At the time of the sale they were the 4th largest in assets of all the bank holding companies in the country.
In 2008 Wells Fargo Bank made the purchase and Wachovia bank became a subsidiary of them. There was some controversy over the bid for this bank by Cit Corp, but the courts finalized all the procedures and Citi Corp dropped its bid.
The current bank CD rates offered by Wachovia are a 10 month CD with a $5000 deposit is at 1.01% APY, The 13 month is at 1.50% APY and the 18 month is at 1.85% APY. As your invest amount goes up, so does your profit. A $5000 investment for 18 months will yield a return of $139. If you double your investment, the return will also double to $279.
This is the reliability of a fixed rate safe investment of the Wachovia CD. Rates and return are calculable at the time of the investment. You will always know where you and your investments are at.
Options and guarantees available to investors with their Wachovia CD’s are the FDIC insured guarantee on all investments. Easy automatic roll over at time of maturity. CD interest payments can be issued either monthly or quarterly. The only requirement to enroll in a Wachovia CD is that the investor has a Wachovia checking account.
Opening an account is easy either online or in person for any investor to receive the current Wachovia CD rates.
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