Wachovia plans a strange, golf-related savings account


Savings accounts can be boring, especially in the current interest rate environment, where Uncle Ben is determined to make it impossible for retirees living on fixed incomes to keep up with inflation.

Anyway: if you're looking for more excitement in your your savings, check out this promotion from Wachovia. According to GolfWeek, "Wachovia, the nation's fourth-largest bank, has debuted its "Save Like A Champion" initiative. It will reward customers enrolled in the bank's Way2Save savings program with an interest rate in June, July and August equal to the tournament's winning score in relation to par. In the past five years at Quail Hollow Club in Charlotte, that number has ranged from 10 to 13 under."

For more on the promotion, visit the Wachovia site here.

The action starts tomorrow, so you may want to follow the scores to decide whether to go with Wachovia -- it's a lot more interesting than checking BankRate.