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Wachovia Bank

Wachovia's 5.10% Money Market Account Promo in Austin, Texas

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Wachovia has a 5.10% APY special for its High Performance Money Market Account. It's only available for those in Austin, Texas. It requires a new account be opened online with a minimum deposit of $10,000 of funds new to Wachovia. If the balance falls under $10K, the yield drops to under 1% and if the balance falls to under $2.5K, you're hit with a monthly fee. Full details and the online application are available online.

For those who prefer brick-and-mortar banks, this seems to be a decent deal. Note, there's no guarantee about how long this 5.10% will last. The standard rates for balances between $10K and $25K are only 2.50% APY. Previous money market promotions at Wachovia in other cities have typically lasted for 3 months (see post). However, as a commenter had mentioned, this could be a reaction to Capital One's 5% Checking Account deal that's underway in Austin and San Antonio (see post). Even though 5.10% is a little higher, I would still consider the Capital One special to be a better deal, and for those in Austin who don't mind using a debit card, the 6.01% Checking Account deal at United Heritage Credit Union is even better (see post).

Wachovia also has a $50 checking account promotion that's available nationwide. Plus, there are some higher checking account bonuses available in California and the Northeast. (see post). A reader in the previous post mentioned that Wachovia does a hard credit pull (via Experian).

Thanks to the reader Mario who mentioned this money market special in the finding deals post.


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Comments
Anonymous
Anonymous   |     |   Comment #1
Why did I get paid interest twice from HSBC direct this month? I got one from 6/04-06/21 and another payment from 06/22 -07/03. Also I got 5.06% what does this mean
Banking Guy
Banking Guy (anonymous)   |     |   Comment #2
I did not see that on my HSBC Direct account. You may want to comment on this HSBC post to see if anyone else is having this issue.
Darvin
Darvin (anonymous)   |     |   Comment #3
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