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Can you deposit in Bank of America for your wachovia account?

No. If you want to put money into your Wachovia bank account, you have to visit either a Wachovia ATM or a Wachovia bank branch. Depositing money into that account from a Bank of America ATM or a branch is impossible


What happens to the money that you deposit in a savings account at a bank?

When you deposit money in a savings account at a bank, the bank uses that money to make loans to other customers and earn interest. In return, the bank pays you interest on the money you have deposited in your savings account.


What are the interest rates for a savings account at Wachovia?

Less than 1% on savings accounts at all bank branches, nationwide (unless you open a very large account!). Wachovia, by the way, is a subsidiary of Wells Fargo now, and is being progressively merged in to Wells Fargo.


What is a bank account you keep money in and get paid interest?

savings account


Does U.S. Bank offer any high yield savings accounts?

U.S. Bank does not currently have any high interest savings account. The highest paying account the bank currently has is 0.85% in a money market savings account. The highest yield available at US Bank (for a savings account) is the Package Money Market Savings account with yields up to 0.85%. This account must be opened with a US Bank Silver, Gold or Platinum checking account.


What is a children's bank account?

A children's bank account is usually a custodial savings account. This type of savings account allows parents to save money for their children's futures.


What is a savings?

a 401k plan is an life time money dealing plan you should have after you quit your job


What is the purpose of a savings?

A Savings Account is a type of account that is designed to promote savings among the general public. You can deposit and withdraw money from this account but at the same time the bank offers you an interest on the money deposited into the account.


How would you put your money in the savings account?

Take the money to a teller at your bank, or deposit it in the ATM at your bank.


How can one open a Wachovia bank account?

You can no longer sign up for a Wachovia bank account. You can, however sign up for a Wells Fargo account (Wells Fargo bought Wachovia), Visit your local Wells Fargo branch and apply within.


Which of these options for saving money offers the most liquidity?

Piggy Bank


What is money paid for the use of money called?

Money that is paid for the use of money is called interest. When you keep your money in a bank savings account, the bank credits your account with interest.