Worlds Savings Bank is now Wachovia Bank after its announced merger with Wachovia Bank in April 2006 thereby adding more banking products and facilities to its product line. Although the bank offered a range of banking products and services working under the Golden West, it was purely known for its savings products which were extended to customers so that they could maximize their savings. Customers initially had the inconvenience of not being able to use their World Savings account at the Wachovia Centre but now the whole system of computerized banking is in place and accounts have been transferred. Now the bank serves with additional products which are hereby discussed.
Under the umbrella of Wachovia, the bank now offers loans and lines of credit at competitive rates as compared to the market. It continues to extend low rate mortgages and home equity loans to facilitate its customers. Education loans are also available for students and parents to finance projects of education and thereby encouraging savings for future. The other loans at World Savings Bank include personal loans and vehicle loans at lower rates than being offered by other banks in the market. You also get to compare mortgage rates, home equity rates and rates on credit cards for yourself on the Wachovia website.
You also find appealing insurance products here which include life insurance, auto insurance, home insurance and also health insurance to provide cover against unexpected events and accidents. Investment facilities by World Savings Bank include investment accounts, individual retirement accounts and investment opportunities in stocks and funds so as to incorporate savings and win a bigger market segment at the same time.
Retirement planning is also offered by the bank to provide a complete plan for working individuals so that they have a handsome amount of savings at their end when they retire. Special savings accounts are there for these individuals to comfort them in their retired life and still continue with banking. Now the World Savings also contains corporate and investment banking whereby it extends commercial banking, cash management services, institutional insurance and other corporate services to its clients. Also wealth management products are available in the form of stocks and bonds that help affluent clients manage, grow and transfer their wealth.
The bank continues to offer brokerage services thereby providing investment products. Customers are extended the facility of making their bill payments online with the bill pay system. Mobile banking has recently been introduced to the bank’s product line so as to maximize customer convenience and to excel in customer service. At Wachovia Bank which was formerly World Savings Bank, checking accounts and current accounts are available at very low maintenance fees so as to facilitate customer savings and earn more market. Certificates of deposit are also offered at the Wachovia on much higher rates as what used to be offered previously. Money market accounts are yet another product being offered under this merger.
Now there is an increased social responsibility which is met by strengthening neighborhoods, contributing to communities, providing a comfortable workplace, embracing diversity, engagement and inclusion, attaining supplier diversity and preserving the environment. This way, both the names have created good will within the society and thus earned more appreciation. World Savings Bank still has its loyal clients who have not left the bank altogether but have transferred their accounts (of all types) to the Wachovia Bank because of the faith they put in the former name.
