Wachovia Bank is offering one of the best CD rates for a 7 month CD, the promotional yield is currently 4.00% APY. The minimum deposit is $5,000. Interest is compounded daily and the CD is insured to the maximum allowed by the FDIC.
The interest you earn on the CD account can be withdrawn at anytime or you can choose monthly or quarterly withdrawals.
There are steep penalties for early withdrawals of principal before your CD matures, which is based on the CD term and the amount withdrawn.
- Up to and including 90 days, all interest earned
- 91 through 364 days, 90 days’ interest
- 365 days and greater, 180 days’ interest
An account can be opened online in 8 minutes, by calling 1-800-WACHOVIA or at your local Wachovia branch.
Wachovia Bank 7 month CD Online Application
Author: Jason P. Jones
September 27th, 2008
