Currently my account is earning ~2.9% APR up to $500 and ~0.3% APR above $500. No anual bonus anymore. It is time to cancel the account or move the money away.
srdeal said: Currently my account is earning ~2.9% APR up to $500 and ~0.3% APR above $500. No anual bonus anymore. It is time to cancel the account or move the money away.Did your account convert to Wells Fargo?
sechs said: Did anyone ever try continually moving up their monthly $100 transfers?Just to follow-up on myself...
My transfer was originally set for the first of each month. After this month's transfer, I moved it up to the fifteenth; but the transfer failed to occur. When I called back, the representative said that the person who changed it didn't set it up correctly. She set a new transfer date of the twentieth; the transfer failed on that day as well.
At this point, they're now looking into why the transfers aren't happening. The phone reps, at least, aren't aware of any reason why the change shouldn't work.
I'm curious if anyone in the few remaining Wachovia states has recently had an account complete its first year, got the bonus, closed the account, then opened a new one.
Based on how the conversion calendar is shaping up, it looks like my account will complete its first (and only) year before moving over the Wells Fargo, and I'd like to see if things are basically working out as they did before.
sechs said: I'm curious if anyone in the few remaining Wachovia states has recently had an account complete its first year, got the bonus, closed the account, then opened a new one.
Based on how the conversion calendar is shaping up, it looks like my account will complete its first (and only) year before moving over the Wells Fargo, and I'd like to see if things are basically working out as they did before.
Now that the rate has been cut from 5% to 2% it just doesn't seem to be worth the effort. I just closed my five pairs of accounts and took the money. I cleared about $500 in one year although it really took closer to 14 months for me to get all of my money.
jameshasty said: Now that the rate has been cut from 5% to 2% it just doesn't seem to be worth the effort. I just closed my five pairs of accounts and took the money. I cleared about $500 in one year although it really took closer to 14 months for me to get all of my money.Initially, your post didn't make sense. But, then I go and look up Way2Save on the Wachovia website.
New Way2Save accounts have a lower interest rate (it's 3% where my accounts are) and *no* bonus. Looks like Wells Fargo is putting the final nails in the W2S coffin. The Wells Fargo Way2Save appears to have lost its bonus, as well.
From what I see, it looks like accounts opened before November 5 are grandfathered in at 5% with the bonus.
Accts look to be adjusted to 2% on the year anniversary. I received 5% bonus and APR from 5% to 2% same statement. Moved everything to credit union... 6 1/2 weeks to get response on customer service request from their lending department. Ridiculously bad.
jch25 said: Accts look to be adjusted to 2% on the year anniversary. I received 5% bonus and APR from 5% to 2% same statement.That's standard for the old accounts with three years. You get 2%, sadly, a pretty good rate these days, and a 2% bonus in years two and three.
VivYip said: after year 3 it becomes 0.76%...Our non-converted Wachovia branch allows one W2S account to earn 3% after year 3. Not worth the accounting, IMHO.
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