Thursday, February 2, 1989 - THE CHARLOTTE I*OST - Page 5A
ANNOUNCING
ARADICAUY
DIFFERENTCD
FCmCONSERmVE
iNVEsras.
With Wachovia’s
Convertible CD, You Can
Switch To A Higher Rate If
Interest Rates Rise—
Without Penalty.
Wachovia introduces a radical
new idea — an investment that
can only go up. And what
could be more conservative
than something that will never
decrease in value? We call it our
Convertible CD, and the only
place you can get it is from a
Wachovia Personal Banker.
So now you don’t have to be
stuck with a fixed-rate CD as
you watch interest rates rise.
Because once you’ve bought a
Wachovia Convertible CD, if
interest rates rise, you can
switch over to a higher rate.
And even if interest rates go
down, the interest you earn
does not. We like to think of
it as a no-lose proposition.
m
,4* ■
Convert Without Penalty
And Keep On Converting
The term is one year. But after
three months, if interest rates
have risen, you can switch to
another one-year Convertible
CD at the higher rate. Or to a
non-convertible CD of one year
or longer. All without having to
pay a penalty. As long as you wait
at least three months between
conversions, you can keep on
converting to a new one-year
Convertible CD whenever
interest rates rise.
Safe and Secure
The reason the Convertible CD
is such a smart, conservative
investment is because the rate
is guaranteed for the term of
your certificate, just like other
Wachovia CD’s. When you
THE WACHOVIAWW
It’s more than what we do. It’s how we do iV
switch to a higher rate, that new
rate is also guaranteed for the
full term. Even if interest rates
fall, your rate can’t go down.
Convert To The Convertible
If you have a CD that’s maturing,
or if you’re thinking about mak
ing a new investment, now is a
great time to convert to the Con
vertible. The current opening
rate on the Convertible CD is
8.10%, with an annualized
yield of 8.436% .* Not only will
you start making money right
away, but when interest rates
rise, so can your earnings.
The only place you can get this
Convertible CD is at Wachovia.
Just talk to any Personal Banker
at any Wachovia branch. So if
you’re interested in interest rates,
give us a call. Because we’ve got
aprofitable way for you to be rad
ical and conservative at the same
time. Smart, flexible investments.
That’s The Wachovia Way.
•Quoted rate based on deposits of S 10,000 to S49.999. Other rates available for other amounts. Rate shown subject to change. S500 minimum deposit.
8250,000 maximum per depositor. While there is no penalty for conversions, there is a substantial penalty for early withdrawal. Individuals only.
Wachovia Bank & Trust
Member FDIC