BANK NOTES
Bank Notes* are obligations of Wachovia Bank, National Association, and other banks, but are not deposits, and therefore are not insured by the FDIC. An active secondary market exists for Bank Notes.
Terms and Structures
- Maturity
From one month to 15 years from date of issuance
- Issued
As dictated by market conditions
- Form
Book entry
- Quoted
On a yield basis
- Rate Structure Yields on Bank Notes
Determined by current interest rates and vary with market conditions, maturities and transaction size
- Interest
Payable semi-annually and at maturity
- Denominations
Bank Notes require a minimum denomination of $250,000
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