Insider’s experts choose the best products and services to help make smart decisions with your money (here’s how). In some cases, we receive a commission from our partners, however, our opinions are our own. Terms apply to offers listed on this page.
Wells Fargo savings rates
Wells Fargo has two savings accounts: the Wells Fargo Platinum Savings Account and Wells Fargo Way2Save Savings.
Wells Fargo Platinum Savings Account
Annual Percentage Yield (APY)
0.25% to 2.01%
Minimum Deposit Amount
$25
Wells Fargo Platinum Savings Account
Annual Percentage Yield (APY)
0.25% to 2.01%
Minimum Deposit Amount
$25
Details
Annual Percentage Yield (APY)
0.25% to 2.01%
Minimum Deposit Amount
$25
Pros & Cons
Highlights
The Wells Fargo Platinum Savings Account has a tiered interest rate system based on your account balance. Even the lowest tier pays a higher interest rate than many national brick-and-mortar banks. You’ll earn a slightly higher Relationship Rate if you link this account to a Wells Fargo checking account, but the difference is minor.
This could be a good savings account for earning a relatively high rate at a brick-and-mortar bank. However, online high-yield savings accounts still pay significantly more.
Wells Fargo Way2Save® Savings Account
Annual Percentage Yield (APY)
0.01%
Minimum Deposit Amount
$25
Wells Fargo Way2Save® Savings Account
Annual Percentage Yield (APY)
0.01%
Minimum Deposit Amount
$25
Details
Annual Percentage Yield (APY)
0.01%
Minimum Deposit Amount
$25
Pros & Cons
Highlights
The Wells Fargo Way2Save® Savings Account pays 0.01%. The account makes it easy for you to waive the $5 fee and has an automatic savings tool, but its rate is low.
How Wells Fargo savings rates compare
We’ve compared the Wells Fargo Platinum Savings Account to comparable savings accounts at two other national banks: Chase and Bank of America.
Compare Wells Fargo to our top picks
Other Wells Fargo savings options
The Wells Fargo Fixed Rate CD pays 0.10% to 2.01%, depending on the term. You’ll likely earn a higher rate with a CD than with a Wells Fargo savings account, but you should be willing to part with your money for the length of the term.
Wells Fargo savings rates FAQ
Related Post
Insider’s experts choose the best products and services to help make smart decisions with your money (here’s how). In some cases, we receive a commission from our partners, however, our opinions are our own. Terms apply to offers listed on this page.
Wells Fargo savings rates
Wells Fargo has two savings accounts: the Wells Fargo Platinum Savings Account and Wells Fargo Way2Save Savings.
Wells Fargo Platinum Savings Account
Annual Percentage Yield (APY)
0.25% to 2.01%
Minimum Deposit Amount
$25
Wells Fargo Platinum Savings Account
Annual Percentage Yield (APY)
0.25% to 2.01%
Minimum Deposit Amount
$25
Details
Annual Percentage Yield (APY)
0.25% to 2.01%
Minimum Deposit Amount
$25
Pros & Cons
Highlights
The Wells Fargo Platinum Savings Account has a tiered interest rate system based on your account balance. Even the lowest tier pays a higher interest rate than many national brick-and-mortar banks. You’ll earn a slightly higher Relationship Rate if you link this account to a Wells Fargo checking account, but the difference is minor.
This could be a good savings account for earning a relatively high rate at a brick-and-mortar bank. However, online high-yield savings accounts still pay significantly more.
Wells Fargo Way2Save® Savings Account
Annual Percentage Yield (APY)
0.01%
Minimum Deposit Amount
$25
Wells Fargo Way2Save® Savings Account
Annual Percentage Yield (APY)
0.01%
Minimum Deposit Amount
$25
Details
Annual Percentage Yield (APY)
0.01%
Minimum Deposit Amount
$25
Pros & Cons
Highlights
The Wells Fargo Way2Save® Savings Account pays 0.01%. The account makes it easy for you to waive the $5 fee and has an automatic savings tool, but its rate is low.
How Wells Fargo savings rates compare
We’ve compared the Wells Fargo Platinum Savings Account to comparable savings accounts at two other national banks: Chase and Bank of America.
Compare Wells Fargo to our top picks
Other Wells Fargo savings options
The Wells Fargo Fixed Rate CD pays 0.10% to 2.01%, depending on the term. You’ll likely earn a higher rate with a CD than with a Wells Fargo savings account, but you should be willing to part with your money for the length of the term.
Wells Fargo savings rates FAQ
