The Save Like A Champion promotion will give customers with a Way2Save savings account a monthly interest rate for the months of June, July and August that equals the under par score of the 2008 Wachovia Championship winner. The 2008 Wachovia Championship will take place in Charlotte April 28 through May 4.
"Over the past five years, the winning score of the Wachovia Championship has ranged from 10 to 13 under par," said Francie Gottsegen, Wachovia's Sponsorships & Alliances manager. "This unique promotion encourages consumers to sign up for a Way2Save account, while also creating excitement for tournament attendees and viewers as they anticipate and predict what their new interest rate will be."
The Way2Save program is Wachovia's automatic savings program that encourages consumers to save by transferring $1 from their checking account into a new special savings account when they make a Check Card purchase or an electronic payment. With a Way2Save savings account, customers earn a 5.00% Annual Percentage Yield (APY) plus a 5 percent annual bonus in the first year, and a 2.00% APY and 2 percent annual bonus in the second and third years, up to $300 per year. After three years, a competitive, traditional savings rate is applied. In addition, customers can choose to transfer up to $100 a month from their Wachovia checking account to the Way2Save savings account to see their savings grow even faster.
Advertising for the promotion started April 14. All current Way2Save customers will earn the new three-month interest rate, and consumers can sign up for the Way2Save program through May 30 to take advantage of the Save Like A Champion promotional interest rate.
About Wachovia
Wachovia Corporation (NYSE:WB) is one of the nation's largest diversified financial services companies, with assets of $808.9 billion and market capitalization of $53.8 billion at March 31, 2008. Wachovia provides a broad range of retail banking and brokerage, asset and wealth management, and corporate and investment banking products and services to customers through 3,300 retail financial centers in 21 states from Connecticut to Florida and west to Texas and California, and nationwide retail brokerage, mortgage lending and auto finance businesses. Globally, clients are served in selected corporate and institutional sectors and through more than 40 international offices. Our retail brokerage operations under the Wachovia Securities brand name manage more than $1.1 trillion in client assets through 18,600 registered representatives in 1,500 offices nationwide. Online banking is available at wachovia.com; online brokerage products and services at wachoviasec.com; and investment products and services at evergreeninvestments.com.
About the Wachovia Championship
The Wachovia Championship is one of the largest, most prestigious sporting events in the Charlotte region. Now leading up to its sixth year, the tournament is intended as an annual tradition that will bring customers, players and patrons back each year for an unforgettable golf experience. The national and international golf community has recognized it as one of the top events on the PGA TOUR. The 2008 tournament will be held April 28-May 4. Sponsored by Wachovia Corporation (NYSE:WB), the tournament's $6.4 million purse is one of the largest on the PGA TOUR. A combination of Quail Hollow Club, the spirit of the Charlotte area community and the support of Wachovia are several reasons the Wachovia Championship has and should continue to draw many of the world's top golfers to Charlotte.
For more information, visit the tournament website, www.wachoviachampionship.com.
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