Wachovia has created a new high interest savings account named Way2Save. This Wachovia savings account is designed to help you jump start your savings over the next three years. This Wachovia Way2Save savings account review will highlight the features of this unique savings plan.

Wachovia is marketing this Way2Save account as a way to be paid while saving money. Wachovia promises to pay you to pay money. It is designed to help you to save money automatically without any inconvenience. Your Way2Save account will be linked to Wachovia checking account. Anytime you use your Wachovia debit card or Wachovia online billpay, $1 will be transfered from your checking account to your Way2Save savings account. You can also create an automatic reoccurring transfer of up to $100 from your checking account to your Way2Save savings account.

During the first year that you open your Way2Save account, Wachovia will pay you a bonus of 5% up to a maximum of $300. During years two and three, the bonus payment will be 2% up to a maximum of $300. In addition to the 5% and 2% annual bonuses, the Way2Save savings account will earn interest at a rate established at the beginning of each year of your program. After three years, the Way2Save interest rates will be the same as the Wachovia Premium savings account.

While Wachovia is not known for high interest savings accounts, this Way2Save savings account is a unique program. Now that you have read this Wachovia Way2Save savings account review, you should definitely go to the Wachovia website and check it out for yourself.