Signed Up for Wachovia’s Way2Save
This week I signed up for Wachovia’s Way2 Save program. I can save some money at 5% APY and receive a bonus from the bank on my anniversary day.
There are three ways to get money into my Way 2 Save account:
- Use my Wachovia Check Card for purchases
- Use Wachovia’s Online Bill Pay
- Make automatic payments
Since I use online bill pay, this will probably be one way for me to deposit money into the account. I’ll also go ahead and start an auto payment to build it a bit further.
If you’re curious about it, here some more information from Wachovia:
What do I need to be eligible for Way2Save®?
You must have a Wachovia Check Card and any Wachovia Checking Account. The Command Asset Program and Small Business Checking accounts are not eligible to be linked to the Way2Save savings program.
What’s the minimum balance requirement for the Way2Save® savings account?
There is no minimum balance requirement in the Way2Save savings account. There is also no initial deposit required.
What banking transactions are considered “qualified” that generate the $1Way2Save® transfers from my Wachovia checking account to my Way2Savesavings account?
- All purchases made by Check Cards linked to your checking account.
- All bills paid online, including Online Banking with BillPay payments or automatic payments from your checking account.
Online payments that post to your account as paper checks are not considered qualified transactions and will not generate $1 transfers from your Wachovia checking account to your Way2Save savings account.
If you’re looking for a system to get you saving, this might be a good deal for you.
Personal Finance Carnivals
- Carnival of Personal Finance
- Carnival of Debt Reduction
- Money Hacks Carnival
- Festival of Frugality
- Carnival of Pecuniary Delights
Thanks to the carnival hosts- it’s a lot of work and they deserve a bit of link love!
Favorite Personal Finance Posts
Here are a few of my favorites this past week.
- Net Neutrality Simplified: Smithee explains the issue of net neutrality, something of interest to me. I’d like to not have providers discriminate certain content or applications.
- 5 Reasons To Dump Your Strict Budget: I have yet to see someone with a strict budget keep to it long term.
- Financing the Unemployed Networkers: This is a topic on many people’s mind and TML gives his two cents on an example of someone wasting unemployment.
- FICO Score and Credit Cards – The Way I See it: FICO scores are mentioned over and over in the house buying process. How high or low your score is determines your interest rate unless you find a company that does manual underwriting. Matt tells why he doesn’t worry over the numbers.
- Our Updated War on Debt: I’ve been following Baker since Man vs Debt started. I love his openness and his war on debt. This post discusses his family’s plan with the debt left while living overseas.
What has been your favorite post this week? I’d love to read your take in the comments.
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