Wachovia added a new 9-month term to its Featured CDs. The yield is 4.15% APY. I just called and confirmed the old rates are still in effect, and as you may expect, this promotion has been extended once again. According to the CSR, it's scheduled to end this Friday (8/8/08). Wachovia has extended these Featured CDs several times in the last couple of months, so I have no idea if this is just a marketing ploy or a real end date.
Wachovia Featured CD Rates as of 8/04/08:
(latest scheduled end date: 8/08/08)
The minimum deposit is $5,000, and I was told that no checking account is required. They do require you to fund the CD with money outside of Wachovia. For more details about these CDs, please refer to my June post.
High Performance Money Market Account Promotion
Update 8/06/08: The MMA promo is back. Wachovia's website is again showing the 3.75% APY promo. As before I've only verified it for Texas and California.
Update 8/05/08: It appears this MMA promo has just ended. As of today, no high yields show up for any Texas or California zip codes.
Wachovia has increased the yield on its money market promotion from 3.50% to 3.75% APY. It's not available in all states. I've confirmed the 3.75% for Texas and California zip codes. The minimum deposit is $10,000. The rate goes way down for smaller balances.
To see all of my recent Wachovia posts including one describing a $75 checking bonus, please refer to this page.
Thanks to the reader who mentioned this new 9-month CD and MMA rate in the comments.
Other High Certificate of Deposit Rates
Please refer to my weekly CD rates list to find other high CD rates that are available nationwide. Some higher rates may be available but the banks may not allow out-of-state customers. To find the best local deals, please refer to my weekly local CD rates list.
Some high local CD rates include a 4.50% APY 6-month CD at Vineyard Bank in California (see post), a 4.60% APY 12-month CD at Freedom Bank in Florida (see post) and a 4.71% APY 18-month CD at American United Bank in Georgia (see post).
And for even more high CD rates, refer to my list of the best CD rate finding resources.
If you find a good bank deal, please leave a comment in my finding the best deals post. Note, links to the latest 5 comments are shown on top. Right below this is a link for comment submission.