Wells Fargo Savings Account Rates

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Wells Fargo Savings Rates

Wells Fargo has two savings accounts: the Wells Fargo Platinum Savings Account Y Wells Fargo Way2Save Savings.

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 traditional banks. You’ll get 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 to earn a relatively high rate at a traditional bank. However, high-yield savings accounts online they still pay a lot more.

The Wells Fargo Way2Save® Savings Account pay 0.01%. The account lets you waive the $5 fee and has an automatic saving tool, but its rate is low.

How Wells Fargo Savings Rates Compare

We have compared the Wells Fargo Platinum Savings Account to comparable savings accounts at two other national banks: To pursue Y Bank of America.

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 over the term.

Wells Fargo Savings Rate FAQs