Wachovia Bank is a solid brick and mortar bank, but their rates are a bit lower than some of the higher certificate of deposit rates currently available on the market. If you take a look at their rate table, it looks like the highest rate being offered is 4.74% APY on the 12-17 month term to maturities on balances above $10,000. Although Wachovia is a very secure and well known bank, it may be prudent to choose a different bank or even put your money in a high yield savings account for the time being.

Wachovia Bank is FDIC insured.