ExtraDime community
Hot deals:

Main Topics:

Filter Thread Tools Search this Thread Rate Thread Display Modes
vivyip's Avatar
Posts: n/a
Credits: 0 [Check]
0 Toon
Default 01-09-2008, 08:24 PM

CycloneFW first posted this:

Just got word about a new Wachovia savings account. They seem to be trying to compete with BoA's Keep the Change.

Its a savings account that links to a checking account and work as follows:
* For every debit card (PIN-based or signature-based), online billpay, automated debit (pay-by-phone) transaction, one full dollar ($1) is moved to the savings account.
* In addition, a maximum $100 transfer can be set (on their end) to go in this account.
* The savings account earns a 5% interest rate.
* At the end of the year, the entire balance in the account earns a 5% bonus (up to $300).
* Can have up to 5 Way-2-Save accounts from 5 different checking accounts (and 5x auto transfers) at any one time.

Some additional points:
* Can be used for no-fee overdraft protection
* If the xfer (the single $1 or auto transfer) were to cause an overdraft, it will not occur.
* Automated checks (where it still shows the check #) do not count (Auto ACH does).
* My rep looked at my Countrywide xfers out from Wachovia (use them as a hub) and said the transaction code that Countrywide uses to get my funds out does count for the transactions causing a $1 xfer.
* Only personal / not available for businesses.
Each trans only moves $1.

Each month, you can move (through their auto xfer process) $100.

Thus, if you do bill pays, auto debits, or check card purchases, the max you can move in a year is $1200. Other deposits to the account are not allowed.

With the number of bill pays I do, I will likely max out the $1200 auto xfer and then put about $30-$40 per month in the account. Thank you BT arbitage. For me, that means at the end of the year I will have contributed the following:

$1200 auto-xfer
$360 - $480 bill pay $1 xfer
$78 - $84 interest
$81.90 - $88.20 bonus

The more bill pays, the more it contributes. Plus there is a bonus in the 2nd and 3rd anniversary, but that is only 2%.[/b]
This product officially rolls out 1/15/08, but the account can be opened over the phone now. I was able to goto the branch and get some of the training materials they provide...

Hope this helps!

1/11/08: Official link is up: http://wachovia.com/personal/page/0,..._12660,00.html

Reply With Quote
Share |
Please share this post to help us keep sharing revenue with you

Featured deals:
Similar Threads
Thread Thread Starter Forum Replies Last Post
$25/$25 referral program - Wachovia : checking account; Exp. - 12/31/08
:mellow: LINK Terms: The Wachovia Customer Referral Program is available to new and existing Wachovia customers. A program brochure or referral coupon must be presented at the time the account is opened. Referral must be a new personal checking customer to the bank. Offer expires December 31, 2008. All accounts are subject to our normal approval process. A minimum opening balance of...
markber Bank referral programs announcements 1 08-31-2013 09:51 PM
Best savings and money market rates: $150 savings bonus - Wells Fargo : Way2Save account; Exp. - unknown
:angelic: LINK Terms: The Way2Save bonus will be credited to your Way2Save account 13 months after it is opened. In order to receive the bonus, your Way2Save account must be open at the time the bonus is credited. The amount of the bonus will be 3% of the lesser of (not to exceed $150):
markber Savings and Money Market Rates 0 02-21-2010 11:28 AM
Bank bonuses: $250 bonus - Harris Bank : open an interest checking and savings account, setup direct deposit or online bill pay, autosave feature for savings account; Exp. - unknown
http://ibankdesign.com/board/style_emoticons/default/content.gif LINK Terms: Offer effective as of September 28, 2009, and is subject to change without notice. Checking offer applies to new personal Interest-Checking Accounts opened between September 28, 2009 and November 30, 2009. In order to receive the cash incentive, one of the following requirements must be met: a) the checking...
markber Nationwide bonuses for personal accounts 0 11-16-2009 12:11 AM
0% APR on BTs for 12 months, $75 max BT fee - Wachovia : Wachovia Credit Card; Exp. - unknown
:angelic: LINK Terms from the card website as of 4/25/08 A 0% fixed APR for 12 months from the Account Opening Date ("Account Opening") on balance transfers made at Account Opening or transfers made using the Promotional Convenience Checks that arrive with your Welcome Kit ("Welcome Kit Checks"); thereafter, your variable Standard Purchase Rate applies to any outstanding balance....
markber 0%/low rate offers for personal credit cards 0 04-27-2008 03:28 AM
Get $10 for Wachovia Premium Savings account
Thanks to Allen074 who posted this deal on FW Finance forum http://www.fatwallet.org/forums/messagevie...threadid=233558 ************************************************************* http://www.wachovia.com/save10 Your financial goals are important to us. That's why we want to make saving easy for you with the Wachovia Premium Savings account. It has everything you could want in a...
markber Expired bank bonuses 0 10-25-2003 11:20 PM

Do your homework before you make a purchase!
Price comparison at NexTag:

Compare Prices on Computers,
Electronics & More

Thread Tools Search this Thread
Search this Thread:

Advanced Search
Display Modes Rate This Thread
Rate This Thread:

Thread Filter
Show posts >=

Expand all Posts
Posting Rules
You may not post new threads
You may not post replies
You may not post attachments
You may not edit your posts

BB code is On
Smilies are On
[IMG] code is On
HTML code is On
Trackbacks are Off
Pingbacks are Off
Refbacks are Off
Forum Jump

Official PayPal Seal

  • Shopping deals:
  • Coupons and Cashback
  • No-coupon cheap prices for individual products
  • No-coupon general sales
  • Shipping deals

  • Financial deals:

  • Bank deals:
  • Bank sign-up bonuses:
  • General bank bonus discussion
  • Nationwide bonuses for personal accounts
  • Local bonuses for personal accounts
  • Profession- and age-restricted bonuses for personal accounts
  • Bank bonuses for business accounts
  • Aged bank bonuses
  • Bank referral exchange
  • Bank referral programs announcements
  • Targeted bank bonuses

  • Best bank rates:
  • Checking rates
  • Savings and Money Market Rates
  • CD rates

  • Credit card deals:
  • General discussion

  • Credit card bonuses:
  • Personal credit card bonuses
  • Sign-up bonus and spending offer combos
  • Sign-up bonus & balance transfer offer combos
  • Business credit card bonuses
  • Specialized card bonuses
  • Professional credit card bonuses
  • Aged credit card bonuses
  • Student credit card bonuses
  • Referral credit card bonuses
  • Travel credit card bonuses
  • Travel business credit card bonuses
  • Specialized business credit card bonuses

  • Balance transfer & low rate deals:
  • 0%/low rate offers for personal credit cards
  • 0%/ low rate offers for business credit cards

  • Cashback, miles & points deals:
  • Cashback, rewards, & miles for personal credit cards
  • Cashback, rewards, & miles for business credit cards
  • Cash back credit card programs
  • Visa shopping discounts
  • American Express Network
  • MasterCard marketplace deals

  • Brokerage deals:
  • Online Brokerages: general discussion
  • Brokerage sign-up bonuses
  • Forex bonuses
  • Brokerage referral forum

  • Other bargains:
  • Sign-up bonuses, general
  • Free money for car test driving
  • Free stuff, general
  • Referral and affiliate forum, general

  • Everything else:
  • Off topic
  • Test Forum
  • Featured offers:
    Powered by vBulletin® Version 3.7.2
    Copyright ©2000 - 2019, Jelsoft Enterprises Ltd.
    Search Engine Optimization by
    vBSEO 3.2.0
    Template-Modifications by TMS
    vBulletin Skin developed by: vBStyles.com
    vBCredits v1.4 Copyright ©2007 - 2008, PixelFX Studios
    Ad Management by RedTyger