Open wells fargo savings account

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The APY Annual Percentage Yield is a percentage rate that reflects the total amount of interest paid on the account, based on the interest rate and the frequency of compounding for a day period. Your account statement will include the APY earned on your savings accounts and interest-earning checking accounts for the period covered by the statement. Start a savings habit — link your Way2Save Savings account to your Wells Fargo checking account, then choose the automatic savings option that best fits your needs. Set up regular automatic transfers from your linked Wells Fargo checking account to your Way2Save Savings account:. Way2Save Savings is a savings account that earns interest and allows you to save automatically to help you build towards your savings goals. Joint savings accounts must be opened at a branch.

Open wells fargo savings account

Our experts answer readers' banking questions and write unbiased product reviews here's how we assess banking products. 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 is one of the largest brick-and-mortar financial institutions in the United States. Learn about Wells Fargo savings rates below, and how their accounts stack up to the best high-yield savings accounts. Wells Fargo savings rates vary depending on which account you open and how much money you keep in the account. Wells Fargo offers Relationship Rates for this account. Here's more information about the tier system for the Platinum Savings Account. The Wells Fargo Platinum Savings Account has a tiered interest rate system based on your account balance. You'll still find more competitive savings rates at online banks, though. You'll earn a slightly higher Relationship Rate, but the difference is minor. If you want an in-person bank, Wells Fargo could be a decent option for a savings account. But if you're open to banking online, you may want to open a high-yield savings account with a different bank so you can earn more. Wells Fargo pays a slightly higher savings rate than Chase.

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How to avoid the fee each fee period. Optional Overdraft Protection for your checking account. Age and ID requirements. View all rates Take a quiz. Reach for your goals with Financial Health, a platform with tools and resources that can help you make smart financial decisions.

Offer expires April 1, and is available for new savings customers only. This offer is for new savings customers only. Enter your email address to get the bonus offer code to provide to a banker when opening your new Wells Fargo savings account. This bonus offer code will also be sent to you via email. Your bonus offer code: We will also send it to You must present this bonus offer code to a banker when opening your account. Branch appointments are encouraged ahead of time.

Open wells fargo savings account

How to avoid the fee each fee period. Optional Overdraft Protection for your checking account. Age and ID requirements. View all rates Take a quiz. Reach for your goals with Financial Health, a platform with tools and resources that can help you make smart financial decisions. Track spending, devise budget goals, set up account alerts , and efficiently manage expenses with Budget Watch.

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Redeem now. You'll earn 0. Still have questions? Wells Fargo currently offers CDs with rates that range from 1. Earn a higher interest rate than with many brick-and-mortar banks. Customers also receive debit cards to withdraw cash:. Wells Fargo savings accounts offer a range of rates that are compounded daily and paid monthly. Wells Fargo offers Relationship Rates for this account. You can then automate savings in one of the following ways:. Wells Fargo offers one special and three standard CDs , but you can visit a branch to start other CD terms for up to months. Wells Fargo also compounds interest daily rather than monthly.

You can apply online if you are at least 18 years old and a legal U. For Alabama and Puerto Rico residents, the minimum age requirement varies by product.

Personal Finance Insider researches a wide array of offers when making recommendations; however, we make no warranty that such information represents all available products or offers in the marketplace. Many or all of the offers on this site are from companies from which Insider receives compensation for a full list see here. Some exceptions may apply. Optional Overdraft Protection for your checking account. Wells Fargo savings interest rates range from 0. The base rates offered by Wells Fargo on its savings accounts are much lower than the yields at top online banks. Read more Twitter Linkedin. Wells Fargo does not offer particularly good APYs on its savings accounts. Develop and improve services. Bankrate follows a strict editorial policy , so you can trust that our content is honest and accurate. Email address.