Up to $350 Bonus Wachovia Way2Save Accounts

Wachovia has a new savings account called a Way2Save account that is linked with your Wachovia checking account. It works as follows:
* For every debit card (PIN-based or signature-based), online billpay, automated debit (pay-by-phone) transaction, one full dollar ($1) is moved to the savings account.
* Maximum $100 per month automatic transfer is allowed into the account.
* At the end of the year, the entire balance in the account earns a 5% bonus (up to $300).
* Can have up to 5 Way-2-Save accounts from 5 different checking accounts (and 5x auto transfers) at any one time.
* The savings account earns a 5% interest rate.

If you are not a Wachovia customer yet, get $50 sign-up bonus by 1/31/08 first. Then you can take advantage of this deal buy opening the max of 5 pairs of linked accounts and set up automatic transfer of $100 per month into each of them. This would give you a balance of $1200 per account for a total balance of $6000. Your bonus would be $60 per account or a total of $300, which is on top of the 5% interest of the savings account.

Credit to Fatwallet member CycloneFW for the thread.