PRESS RELEASES

Wachovia Offers Customers A Sky High Summer Interest Rate on Way2Save^SM Savings Accounts with "Save Like A Champion" Promotion

Marketing Program Tied to Winning Score of the 2008 Wells Fargo Championship

CHARLOTTE, NC —Wachovia today announced that it will offer customers a 16 percent interest rate on Way2Save savings accounts for three months as part of a new marketing program called "Save Like A Champion." The promotion is tied to the 2008 Wells Fargo Championship and the company's new Way2Save^SM program. The 16 percent interest rate equals the under par score of the 2008 Wells Fargo Championship winner. The 2008 Wells Fargo Championship took place in Charlotte Apr. 28 - May 4.

The Save Like A Champion promotion will give customers with a Way2Save savings account a 16 percent monthly interest rate for the months of June, July and August 2008.  For the remainder of the first year the Way2Save interest rate is 4.88 percent, resulting in an Annual Percentage Yield of 7.98 percent.  All current Way2Save customers will earn the new three-month interest rate, and consumers can sign up for the Way2Save program through May 30 to take advantage of the Save Like A Champion promotional interest rate.

"Our 2008 Wells Fargo Championship winner set a tournament record, and his winning score gives customers an added incentive to save like a champion with Wachovia," said Francie Gottsegen, Wachovia's Sponsorships & Alliances manager. "We're pleased to offer a promotion that will help more Americans focus on saving."

The Way2Save program is Wachovia's automatic savings program that encourages consumers to save by transferring $1 from their checking account into a new special savings account when they make a Check Card purchase or an electronic payment. With a Way2Save savings account, customers earn a 5.00 percent Annual Percentage Yield (APY) plus a 5 percent annual bonus in the first year, and a 2.00 percent APY and 2 percent annual bonus in the second and third years, up to $300 per year. After three years, a competitive, traditional savings rate is applied. In addition, customers can choose to transfer up to $100 a month from their Wachovia checking account to the Way2Save savings account to see their savings grow even faster.

Advertising for the promotion started Apr. 14.

About Wachovia
Wachovia Corporation (NYSE:WB) is one of the nation's largest diversified financial services companies, with assets of $782.9 billion and market capitalization of $75.3 billion at December 31, 2007. Wachovia provides a broad range of retail banking and brokerage, asset and wealth management, and corporate and investment banking products and services to customers through 3,400 retail financial centers in 21 states from Connecticut to Florida and west to Texas and California, and nationwide retail brokerage, mortgage lending and auto finance businesses. Globally, clients are served in selected corporate and institutional sectors and through more than 40 international offices. Our retail brokerage operations under the Wachovia Securities brand name manage more than $1.2 trillion in client assets through 14,600 financial advisors in 1,500 offices nationwide. Online banking is available at wachovia.com; online brokerage products and services at wachoviasec.com; and investment products andservices at evergreeninvestments.com.

About the Wells Fargo Championship
The Wells Fargo Championship is one of the largest, most prestigious sporting events in the Charlotte region. The tournament is intended as an annual tradition that will bring customers, players and patrons back each year for an unforgettable golf experience. The national and international golf community has recognized it as one of the top events on the PGA TOUR. The 2008 tournament was held April 28-May 4. Sponsored by Wachovia Corporation (NYSE:WB), the tournament's $6.4 million purse is one of the largest on the PGA TOUR. A combination of Quail Hollow Club, the spirit of the Charlotte area community and the support of Wachovia are several reasons the Wells Fargo Championship has and should continue to draw many of the world's top golfers to Charlotte.

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