MoneyRates Blog
The Fed Goes to the Mat
By MoneyRates team | Money-Rates Columnist
The Federal Reserve delivered another strong shot of adrenaline to the sagging U.S. economy by reducing the federal funds rate to an all-time low of 0.25%. The benchmark rate used by banks for lending is likely to stay low for quite a while according to the language in the released statement from the policy-making committee. [...]
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Wachovia Bank Referral Offer
By MoneyRates team | Money-Rates Columnist
Wachovia Bank is running a referral program until December 31, 2008 in which they will pay $25 to you and any friend your refer that opens a new Wachovia free checking account with at least $100. Wachovia allows up to 20 referrals ($500) per customer a year. Wachovia lists the following three easy steps on [...]
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Intrade Members Trading Contracts on FDIC-Bank Failures
By MoneyRates team | Money-Rates Columnist
Intrade.com is the prediction market where members can buy contracts on the likelihood of certain future events occurring. Whether it be the next US President or the Academey Awards this site will let members bid on the outcome. A contract for Barack Obama winning the US presidency will cost a member a price of [...]
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Do You Need an Apple iPhone or iPod Touch for Mobile Banking?
By MoneyRates team | Money-Rates Columnist
Large banks like Bank of American and Wachovia Bank have been promoting the ability to access your accounts using the Apple iPhone or iPod Touch. While the banks may be jumping on the Apple bandwagon in anticipation of an announcement of a new Apple 3G iPhone, consumers should be that mobile banking can be conducted [...]
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Doing the Math with Wachovia Bank’s Way2Save Program
By MoneyRates team | Money-Rates Columnist
Wachovia Bank is offering the Way2Save Programs as as savings incentive-rich program to attract savings customers. The program links your Wachovia Bank checking account to a Way2Save account and rewards the account with:
$1 for each check card purchase and online bill payment5% annual percentage yield on the balance5% bonus in Year 1 for amount transferred [...]
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Wachovia Bank’s Way2Save Savings Program with a 5.00% APY
By MoneyRates team | Money-Rates Columnist
Wachovia Bank has a savings program called Way2Save that links a Wachovia checking account to a Way2Save account and credits the account $1 for each check card purchase, automatic debits from your checking account, and online bill payments. To build balances even faster, you can set up an automatic transfer, up to $100 each month, [...]
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Home Equity Loan Rates from Wachovia Bank
By MoneyRates team | Money-Rates Columnist
The Savings Investor has been tracking home equity loan rates closely following the decrease in short term interest rates by the Fed. And while national averages are down as expected, we are taking a look at how fixed-rate home equity loan rates have fared. We have used a sample borrower who has a $400,000 house [...]
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World Savings Bank - Attractive Deposit Rates and $200K of FDIC-insurance
By MoneyRates team | Money-Rates Columnist
World Savings (FDIC# 27076) based in Oakland, California has been a rapidly growing bank for over 35 years going from $5 billion in assets in 1980 to over $130 billion in assets through bank acquisitions in California, Texas, and Colorado as well as growing their deposit base through attractive deposit rates. World Savings has consistently [...]
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