Wachovia celebrates opening 1 million Way2Save accounts in just 8 months
CHARLOTTE, N.C., Sept. 11 /PRNewswire-FirstCall/ -- Wachovia has helped
more than 1 million U.S. consumers save through Way2Save, an innovative
savings program that makes it easy and automatic to save money. At a time
when most Americans are struggling to make ends meet, Way2Save has helped
them feel more secure about the future.
"Motivating more than a million customers to save since the Way2Save
launch in January has completely exceeded our expectations," said Kathryn
Black, Wachovia Savings Director. "With unemployment increasing and the
market continuing to struggle, helping Americans save is more important
than ever."
Way2Save encourages customers to save by transferring $1 from their
checking account into a special savings account each time they make a Check
Card purchase or an electronic payment. With Way2Save, customers earn a 5
percent Annual Percentage Yield (APY) plus a 5 percent annual bonus in the
first year and a 2 percent APY and 2 percent annual bonus in the second and
third years. After three years, a competitive, traditional savings rate is
applied. In addition, customers can choose to transfer up to $100 a month
to the special Way2Save account to see their savings grow even faster.
Wachovia has attracted more than 300,000 new customers and 400,000 new
checking accounts through the Way2Save program.
"Our success shows that consumers want tools and education to help them
save and an easy way to start saving," Black said. "With a competitive
interest rate and bonuses, it has been proven that Way2Save is exactly what
consumers are looking for to help them save. Whether they're saving for
emergencies, education or a vacation, Way2Save helps customers reach their
goals faster by saving dollars."
For more information on the Way2Save program, please visit
http://wachovia.com/Way2Savemedia or see the attached fact sheet.
ABOUT WACHOVIA CORPORATION
Wachovia Corporation (NYSE: WB) is one of the nation's largest
diversified financial services companies, with assets of $812.4 billion and
market capitalization of $33.5 billion at June 30, 2008. Wachovia provides
a broad range of retail banking and brokerage, asset and wealth management,
and corporate and investment banking products and services to customers
through 3,300 retail financial centers in 21 states from Connecticut to
Florida and west to Texas and California, and nationwide retail brokerage,
mortgage lending and auto finance businesses. Globally, clients are served
in selected corporate and institutional sectors and through more than 40
international offices. Our retail brokerage operations under the Wachovia
Securities brand name manage more than $1.1 trillion in client assets
through 14,600 financial advisors in 1,500 offices nationwide. Online
banking is available at http://wachovia.com; online brokerage products and
services at http://wachoviasec.com; and investment products and services at
http://evergreeninvestments.com.
SOURCE Wachovia Corporation
 back to top
Related links:
http://www.wachovia.com
http://www.wachovia.com/Way2Savemedia
http://www.prnewswire.com/comp/314125.html /
CONTACT:
Jennifer Darwin, +1-704-383-8149,
jennifer.darwin@wachovia.com
|
