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You have money questions. Bankrate has answers. Our experts have been helping you master your money for over four decades. We continually strive to provide consumers with the expert advice and tools needed to succeed throughout life’s financial journey. Bankrate follows a strict , so you can trust that our content is honest and accurate. Our award-winning editors and reporters create honest and accurate content to help you make the right financial decisions. The content created by our editorial staff is objective, factual, and not influenced by our advertisers. We’re transparent about how we are able to bring quality content, competitive rates, and useful tools to you by explaining how we make money. Bankrate.com is an independent, advertising-supported publisher and comparison service. We are compensated in exchange for placement of sponsored products and, services, or by you clicking on certain links posted on our site. Therefore, this compensation may impact how, where and in what order products appear within listing categories. Other factors, such as our own proprietary website rules and whether a product is offered in your area or at your self-selected credit score range can also impact how and where products appear on this site. While we strive to provide a wide range offers, Bankrate does not include information about every financial or credit product or service. Wells Fargo offers three terms of (CDs) with annual percentage yields that are well below the APYs offered by other banks. Another drawback is the $2,500 minimum deposit, which can put Wells Fargo CDs outside the reach of some savers. earned a 3.2 out of 5 stars in Bankrate’s overall review of the bank, with its CDs earning 2.5 out of 5 stars. Wells Fargo CD rates
Wells Fargo offers standard rate CDs that require a minimum $2,500 deposit. You can also earn relationship rates on these CDs by linking a Portfolio by Wells Fargo : Account Term Interest rate APY Minimum deposit 3 months 0.01% 0.01% $2,500 6 months 0.01% 0.01% $2,500 1 year 0.01% 0.01% $2,500 Note: The relationship APY for each CD term is 0.02 percent for all balance tiers. Annual percentage yields (APYs) shown are as of Feb. 16, 2022, and may vary by region for some products. How Wells Fargo CDs compare with top-yielding banks
Wells Fargo offers three term options that can be useful when planning out your savings goals. The APYs, however, are insubstantial compared with CDs offered by other financial institutions. The best APYs on the market are 0.65 to 0.85 percent APY for , which is considerably higher than the APYs offered by Wells Fargo. If you have some savings that you would like to move into a CD, you can likely find a better option than Wells Fargo. , and are among those that offer top rates. Compare before committing money to an account with lackluster returns. Other savings options at Wells Fargo
Wells Fargo also offers retirement CDs, or IRA CDs, with terms ranging from three months to 12 years in monthly increments. An IRA CD can be opened with a $1,000 deposit, and relationship rates are also available. Beyond CDs, Wells Fargo has a couple of with access to an expansive network of branches and ATMs but comparatively low APYs. Learn more
SHARE: René Bennett is a writer for Bankrate, reporting on banking products and personal finance. David Schepp is a wealth editor for Bankrate, focusing on deposits and consumer banking content. Related Articles