Dedicated to Deposits: Deals, Data, and Discussion

5.41% 8-Month Featured CD at Wachovia

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Wachovia Bank
Wachovia is now offering a CD special similar to the CD special that World Savings use to offer. World Savings' website doesn't seem to be listing rates anymore. It now directs you to wachovia.com.

This special is a 5.41% APY 8-month CD. The minimum deposit is $5,000 which is lower than the $10,000 that World typically required. You have to enter your zip code to see the rate table, so not all locations may have this same featured CD. I've verified that the CD was listed for a Texas and a California zip code. It can be opened from Wachovia's online application.

It's nice to see that Wachovia is offering the competive CD specials that World use to offer. I hope this will continue. I'm afraid that those secret World Savings CD specials that had extra high rates are likely gone for good.
  Tags: Wachovia Bank, CD rates

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Comments
9 comments.
Comment #1 by Anonymous posted on
Anonymous
Unfortunately, this special CD doesn't seem to be available for my area, in Tennessee. :(

Caro

1
Comment #2 by Anonymous posted on
Anonymous
JUST APPLIED FOR ONE IN ILLINOIS AND IT WENT THRU WITH NO PROBLEM

1
Comment #3 by Lo from Cali (anonymous) posted on
Lo from Cali
=( I just applied for the 6-month one last week. Oh well, at least it was the same rate.

1
Comment #4 by Anonymous posted on
Anonymous
I just tried with several zip codes in different states (Maryland, Idaho, Virginia) and I'm not getting rates above 3.5% for anything. Maybe this was a mistake?

Also, the World Savings web site is still active and giving rates for me (still offering the 5.41% at least in Maryland)...maybe they are somehow bifurcating the web sites so that you only get the good rates at the bank which doesn't have branches in your state??

1
Comment #5 by Andrew (anonymous) posted on
Andrew
I spoke with a Wachovia representative today. He said the special rate is good until the end of this week only. But he wasn't sure and said the company might extend it.

Also, World Savings Branches on the east coast don't convert to Wachovia branches until the first quarter of 2008, thats why the website is still active.

1
Comment #6 by Anonymous posted on
Anonymous
Caution - Unlike World, Wachovia does do a hard pull on your credit :(

1
Comment #7 by Anonymous posted on
Anonymous
According to the Wachovia CSR today, the 8 months CD will be good until Nov. 1. No hard pull for CD. Unlike World Savings, there is no 10 days lock-in period for funding.

1
Comment #8 by Anonymous posted on
Anonymous
When I tried to open this CD at a branch, they required a checking account be open at the same time. Also, World Savings allowed tellers to open CDs, but Wachovia requires that a CD be opened at the new accounts desk.

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Comment #9 by Anonymous posted on
Anonymous
Attempted to open a CD at a local Wachovia branch in CA and was told they would place a hard pull on my credit. No thanks...

1