Wachovia is running a “Save Like A Champion” promotion tied to their 2008 Wachovia Championship PGA Tour event being played this week in 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 they hit a 7 under par, you get 7% APY for the three months.
The Way2Save program is similar to the Bank of America Keep the Change program. It encourages account holders to use their check card or e-payment by depositing $1 from their checking to a Way2Save savings account with each transaction. The current promotion is that the Way2Save savings account earns 5% APY plus a 5% annual bonus in year one, then 2% APY and a 2% bonus in the 2nd and 3rd years; up to $300 a year. After three years, it gets a regular savings rate. Customers can also transfer up to $100 a month to the Way2Save savings account.
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