Overview

Looking for a savings account with a low minimum balance and easy access to your money? Want to add overdraft protection to your checking account? A Wachovia Premium Savings account is perfect for starting your savings plan.

• Pay no fees if you maintain a low minimum balance (no fees for account holders age 18 and younger).
• Enjoy peace of mind with maximum FDIC insurance.
• Gain superior account protection and security with Wachovia Security Plus^SM.
• Manage your accounts with Online Banking, by phone, or at more than 3,400 Wachovia Financial Centers and 5,100 ATMs.
• Set up automatic transfers starting as low as $25 per month to build your balance.

What You Get

A Wachovia Premium Savings account gives you a safe haven for your money without a high minimum balance requirement. Here's what you get:

Automated Savings

Add to your savings effortlessly by setting up an automatic deposit or transfer from your checking account.

24-Hour Access to Your Account

You can access your account at any time online, by phone, or by ATM. You can even manage your account using your cell phone or other mobile device.

Free Online Banking

Check account balances anytime, anywhere. Transfer funds between your eligible Wachovia accounts and your non-Wachovia accounts at other financial institutions ^{note 2}; receive and view bank statements online, set up Balance Alerts, or manage your accounts from your mobile device ^{note 3} with Wachovia Mobile^SM.

FDIC Insured

Your deposits are FDIC insured up to at least $100,000 per depositor. You can have much more FDIC protection by having more than one type of account ownership at Wachovia. For example individual and joint accounts are insured separately, so you can have up to $100,000 in an individual account and up to another $100,000 in joint accounts, so your total deposits can be insured up to $200,000. Other ownerships may qualify for even more FDIC coverage.

Please see FDIC: Insuring Your Deposits for more information.

Wachovia Security Plus^SM—Account Security and Identity Protection

With Wachovia Security Plus^SM, you have many layers of protection to help keep you safe from fraud and identity theft, including account protection service, fraud monitoring technology, and consumer education and awareness. With our Online Services Guarantee, we are dedicated to providing you a safe and dependable service for accessing your financial information online.

Rates & Fees

Interest Rates and Annual Percentage Yields

Balance Tier	Interest Rate	APY note 4
$0.00-$9,999.00	0.15%	0.15%
$10,000.00-$24,999.00	0.45%	0.45%
$25,000.00+	0.55%	0.55%

Account Service Fees ^{note 5}

Fee Description	Fee
Monthly Service Fee (Minimum Balance to Avoid Monthly Service Fee: $300.00)	$5.00
ATM Withdrawal - Non-Wachovia	$2.00
Overdraft Protection Transfer, Deposit Accounts	$10.00
Each Teller Withdrawal or Transfer Over Three per Month	$3.00
Online Funds Transfer—Incoming	No Charge
Online Funds Transfer—Outgoing note 2	$3.00

Initial Online Deposit Required to Open a Premium Savings Account

Description	Amount
Minimum Initial Online Deposit Required To Open Account note 6	$100.00
Maximum Initial Online Deposit Required To Open Account note 6	$25,000.00

FAQs

• What's the difference between a money market account and a traditional savings account?
• How much do I need to keep in my account in order to avoid a service fee?
• Will my interest rate ever change?
• How is the interest rate calculated?
• Can I transfer funds into and out of this account?
• How many transactions can I make each month on this account?
• Is my money FDIC insured?
• Where can I find more frequently asked questions about Wachovia Savings Accounts?

What's the difference between a money market account and a traditional savings account?

A Money Market account allows you to earn a higher interest rate and at the same time allows you to write up to three (3) checks per month. Savings accounts have a lower interest rate and a lower balance requirement and do not provide the ability to write checks against your balances.

How much do I need to keep in account in order to avoid a service fee?

You can avoid the $5 monthly service fee by maintaining a low minimum balance.

Will my interest rate ever change?

Your Wachovia Premium Savings account has a variable interest rate that may change.

How is the interest rate calculated?

We calculate interest on your account daily and credit the interest to your account at the end of the month.

Can I transfer funds into and out of this account?

Yes, you can make as many deposits as you like. As to withdrawals, Federal regulation limits outgoing transfers to third parties or pre-authorized transfers (including overdraft transfers) or transfers made by telephone or personal computer to six per statement cycle, and no more than three of those may be by check, draft, or check card. A fee may apply for exceeding withdrawal transaction limits. Please see the Rates and Fees tab for more information.

How many transactions can I make each month on this account?

You may make unlimited deposits and in-person or ATM transactions. However, Federal regulation limits outgoing transfers to third parties or pre-authorized transfers (including overdraft transfers), or transfers made by telephone or personal computer, to six per statement cycle. No more than three of these transfers may be by check, draft, or check card. A fee may apply for exceeding withdrawal transaction limits. Please see the Rates and Fees tab for more information.

Is my money FDIC insured?

Yes. If you have no more than $100,000 in all of your deposit accounts at the same bank, your deposits are fully insured. However, if you own deposit accounts in different categories including joint accounts and revocable trust accounts, you may qualify for more than $100,000 in coverage.

Please see FDIC: Insuring Your Deposits for more information.

Where can I find more frequently asked questions about Wachovia Savings Accounts?

More questions and answers are available in our Personal Finance FAQs.