Wachovia Way2Save Revisited

by Andy Hough on February 22, 2009

It has been over a year since the Wachovia Way2Save account came out. This is a savings account that is linked to your checking account and allows you to earn a year-end bonus. It is somewhat similar to Bank of America’s Keep the Change program. For more details read my Way2Save Savings Account post.

The Way2Save account pays 5% APY with a 5% bonus the first year. The second and third year it pays 2% APY with a 2% bonus. When I opened the account my plan was to keep it open the first year for the bonus and then close the account. With the decline in interest rates the second and third years are now good deals as well.

I received a little over a $60 bonus for my one account. I could have done more to maximize my bonus but it didn’t seem worth the effort. This FatWallet thread has some ways to increase your Way2Save bonus that might be worthwhile.

You can also receive a $25 referral bonus. Combined with the Way2Save account this is a great deal.
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