Wells Fargo Savings Account Interest Rates

Anytime you can start saving money is a good time. Rather than store your funds in a shoe box, you may want to consider putting it safely in a savings account of a trusted bank. By doing this, your money can grow with interest compounded daily. Annual percentage yields vary from bank to bank and account to account, so be sure to find one that offers a rate above the national average.

Current Wells Fargo Savings Account Interest Rates

Account	APY
Way2Save Savings	0.01%
Platinum Savings	0.02% to 2.51%
Special Fixed Rate CD	3.76% to 4.26%
Standard Fixed Rate CD	2.01%

Overview of Wells Fargo Savings Account Options

Wells Fargo Way2Save Savings

This is a standard savings account that is easily accessible to all kinds of users. To open a Wells Fargo Way2Save Savings account, you need a minimum deposit of $25. This account has an APY of 0.01%.

• Save As You Go transfers $1 from checking to savings when using debit or paying bills.
• Set up automatic transfers: minimum $1/day or $25/month.
• $5 monthly fee can be waived if:
  • You maintain a $300 daily balance
  • Automatic transfers of $25/month or $1/day
  • At least one Save As You Go transfer
  • Owner is 24 or younger

Wells Fargo Platinum Savings

This high-yield account requires only $25 to open. Standard APY is 0.02%, with relationship rates up to 2.51%.

• $12 monthly fee (waived with $3,500 daily balance)
• Highest APYs for balances of $1M+
• Eligible for relationship rates with Prime/Premier/Private Bank checking
• Check-writing access available

Key Benefits of Wells Fargo Savings Accounts

• Large branch and ATM network
• Mobile app access
• Automatic savings tools and goal tracking
• FDIC insured up to $250,000

Steps to Open a Wells Fargo Savings Account

1. Choose method: Online, mobile app, or branch
2. Gather ID, SSN, address, date of birth
3. Meet $25 minimum deposit
4. Follow steps to complete the application
5. Set up automatic transfers

Wells Fargo Savings Rates vs. Other Banks

Bank	APY	Minimum Balance	Minimum Deposit	Monthly Fee
Wells Fargo	0.01% to 2.51%	$300 to $3,500	$25	$5 to $12
Discover® Bank	3.60%	$0	$0	$0
Citizens Access	3.70%	$0	$0.01	$0
UFB Direct	4.01%	$0	$0	$0

How To Maximize Your Wells Fargo Savings Account Interest Rate

Wells Fargo offers preferred rates to relationship banking customers. To qualify, open a Prime or Premier Checking account. Benefits include:

• Higher savings and CD interest rates
• Loan discounts, ATM fee waivers, free wire transfers
• Priority customer support

Note: Prime Checking requires $20,000 combined balance to waive its $25 fee. Premier Checking requires $250,000 to waive the $35 fee.

Although Wells Fargo’s rates are lower than some online banks, it's a reliable institution offering a wide array of financial services.