BankDeals breaks news about Wachovia’s new Way-2-Save program that is very similar to Bank of America’s Keep the Change program, which means it’s targeting the average person (not someone with a large balance looking to find a nice home).
The account will be yielding 5.00% APY with a 5% bonus on the balance (up to $300) after one year. After the second and third year there will be 2% bonuses and there’s a maximum transfer of $100 into the account (strange huh!?) but they will put in $1 for every debit card transaction, online billpay or automatic debit; that’s where it’s like Keep The change.
BankDeals has more on the deal but we should hear more news as they start actively promoting it.
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[...] Charlotte between April 28th through May 4th. The promotion will give all Wachovia customers with a Way2Save savings account a monthly interest rate for June, July and August that equals the under par score of the winner. If [...]
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