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COLLEGE 101SM FINANCIAL SERVICES -
SAVINGS COMPARISON CHART

 

Premium Savings

High Performance Money Market 1

Coverdell IRA 2

CollegeSense 529 Saving Plan 3,4

I'm looking for a basic savings account.

   
I want to be able to access my account by checks. 


1 Federal regulation limits third party or pre-authorized transfers (including overdraft transfers) or transfers made by telephone or personal computer to six per month, no more than three of which may be by check, draft, or check card.

  
I want to avoid monthly service fees by maintaining a minimum balance.

  
I need easy access to my savings.

  
I'm looking to earn higher interest rates for higher account balances.

  
I prefer predictable interest earnings.

  
I want my principle fully protected.

  
I'm saving for the future.

I would like to accumulate tax-deferred earnings.  


(Earnings are tax free if used for qualified education expenses.)

I want the security of FDIC insurance up to $100,000.

I want an advised product.  

I would like a product that receives investment research.  

 
I want to have access to online trading.  

 
1 Federal regulation limits third party or pre-authorized transfers (including overdraft transfers) or transfers made by telephone or personal computer to six per month, no more than three of which may be by check, draft, or check card.

2 You are eligible to contribute to an Education Savings Account if your Modified Adjusted Gross Income (MAGI) is $190,000 or less for married taxpayers or $110,000 or less for single taxpayers. Partial contributions allowed between $95,000-$110,000 if single and between $190,000-$220,000 for married filing jointly.

3 State tax treatment varies. Out-of-state 529 plans may not have the same state tax benefits as those offered to in-state residents. The tax law exempting earnings on qualified withdrawals from federal income tax expires on December 31, 2010, requiring Congress to take some further action to secure these provisions prior to this date in order for them to remain in effect following December 31, 2010. For withdrawals not used for qualified higher education expenses, earnings are subject to income taxes at the distributee's rate plus a 10% federal tax penalty. Please consult your tax advisor with any questions.

4 CollegeSense is a registered mark of Evergreen Investment Services, Inc.
Banking Services are offered through Wachovia Bank, N.A. Only deposit products are FDIC-Insured. Member FDIC.

Accounts/cards subject to approval.

Securities and Insurance Products: Not Insured by FDIC or any Federal Government Agency; May Lose Value; Not a Deposit of or Guaranteed by a Bank or any Bank Affiliate

Wachovia Securities is the trade name used by two separate, registered broker-dealers and non-bank affiliates of Wachovia Corporation providing certain retail securities brokerage services: Wachovia Securities, LLC, Member NYSE/SIPC, and Wachovia Securities Financial Network, LLC, Member FINRA /SIPC.

Wachovia Securities Statement of Financial Condition.

  
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