PUBLIC FUNDS CHECKING AND SAVINGS

Wachovia offers a number of checking/savings account options specifically designed for municipal, state, and federal government entities.

The following chart can help you select the type of account best suited for your organization's needs.

Please contact a local Government and Institutional Banker for more information.

Deposit Product	Most suitable for	Transactions per month (checks, deposits, ATM, ACH)	Interest Features	Balance Protection
Government Checking	Moderate to large municipal, state, or federal government entities that need a complete offering of cash management services	Unlimited (fees apply)	Earnings credit designed to offset all or part of monthly service fee	Balances in excess of FDIC insurance coverage are collateralized according to state and federal law
Government Interest Checking	Larger municipal, state or Federal government entities that need cash management services	Unlimited (fees apply)	Competitive interest rate (no earnings credit is offered for this account)	Balances in excess of FDIC insurance coverage are collateralized according to state and federal law
Government Advantage Interest Checking	Municipal, state, or federal government entities with high transaction activity each month	Unlimited (fees apply)	Earnings credit designed to offset all or part of monthly service fee with a competitive interest rate on balances above those needed to offset monthly fees	Balances in excess of FDIC insurance coverage are collateralized according to state and federal law
Government High Performance Money Market*	Government entities that want market rates for their short-term cash but need to maintain a high degree of liquidity	Six pre-authorized transfers (three by check); unlimited deposits and ATM transactions	Tiered rates based on balance; compounded daily and credited monthly	Balances in excess of FDIC insurance coverage are collateralized according to state and federal law
Client Fund Manager for Public Funds	Government entities that need to escrow funds	Unlimited on the master concentration account	Tiered rates based on balances in each escrow account	Balances in excess of FDIC insurance coverage are collateralized according to state and federal law
Government Savings*	Municipal, state, or federal government entities	Six pre-authorized transfers, or unlimited in-branch withdrawals	Competitive interest rate, compounded daily and credited monthly	Balances in excess of FDIC insurance coverage are collateralized according to state and federal law
Government Time Deposits	Government entities that want to maintain excess balances in FDIC-insured accounts	N/A	Specific interest rate based on maturity-from seven days to over 60 months; may be paid to a transaction account or reinvested; early withdrawal penalties apply	Balances in excess of FDIC insurance coverage are collateralized according to state and federal law

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* Federal regulations limit third-party transactions or pre-authorized transfers (including overdraft transfers) or transfers made by personal computer or telephone to six per month, no more than three of which can be made by check draft or check card. A fee may be imposed for exceeding this limit. If this limitation is exceeded on a regular basis, we may be required to close and/or convert your account to another account type.

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