Learn More. You must be the primary account holder of an eligible Wells Fargo consumer account with a FICO ® registered trademark Score available, and enrolled in Wells Fargo Online ® registered trademark banking. The Wells Fargo checking accounts each come with a Platinum Debit card featuring chip technology. The Wells Fargo Way2Save savings account is one of the savings accounts at Wells Fargo designed to help people who struggle with building savings… Wells Fargo offers its personal banking customers 2 types of savings accounts: the Way2Save Savings account and the Platinum Savings account. Wells Fargo CDs: Perfect for those who can save money aside and earn a higher rate. To receive the disclosed Bonus Interest Rate/Bonus APY, the account must remain linked to a Portfolio by Wells Fargo® program. Go to the provider’s site and follow the steps to apply. The Platinum Savings account at Wells Fargo comes with a $12 monthly fee. If you’re the owner of a smaller business, you might want to consider the Business Platinum Credit Card. Do Wells Fargo savings accounts earn interest? Wells Fargo Platinum card Review: More Details. You can earn up to a 1.95% APY on savings, but you'll need a balance of at least $25,000 to get that rate. Way2Save Savings: Good for those who find it hard to save money. The Platinum Savings account at Wells Fargo comes with a $12 monthly fee. Avoid the monthly service fee when you maintain a $3,500 minimum daily balance each fee period, Make an appointment You can also enjoy earning 1.8% cash rewards on qualified digital wallet purchases, like Apple Pay® or Google Pay™, during the first 12 months from account opening. The Wells Fargo Cash Wise Visa® Card a $150 cash rewards bonus after spending $500 in the first 3 months. Take a look at the highest yield money market accounts too. Checking Accounts. From Wells Fargo’s website, hover over Banking and Cards, then click Savings Accounts and CDs. The Wells Fargo Platinum Visa ® Card includes signature features like Rapid Alerts which will send you fast text and email alerts for monitoring spending, tracking purchases, and receiving notifications of irregular or suspicious activity. Wells Fargo CDs. Save Username Checking this … Read the full methodology of how we rate savings accounts. The Wells Fargo Platinum card* is a straightforward, no-frills credit card that also offers 0% interest on purchases and qualifying balance transfers for … Chase vs. Wells Fargo: Fees. $25 minimum opening deposit; No minimum balance; No maintenance fee if the account holder is under 18; ATM cards available; Online access beginning at age 13 ; UTMA/UGMA options available; Financial Tips Straight to Your Inbox. However, because they’re designed to retain and grow money through a savings interest rate, you are limited to six penalty-free savings account withdrawals. If you hold a balance over $100,000, you’ll earn the bank’s highest interest rate. Yes, Wells Fargo savings accounts will generate interest for you. The account does has tiered rates/ The rate of 0.10% is 0.54% lower than the average 0.64%. finder.com is a financial comparison and information service, not a bank or product provider, We cannot provide you with personal advice or recommendations, CIT Bank Savings Builder High Yield Savings Account, full methodology of how we rate savings accounts. To ensure you have the most up to date information, you should verify relevant information Wells Fargo Platinum Savings account. We keep our reviews completely factual so you can use them to make better decisions. Wells Fargo CDs. You’ll need at least $1,500 or 10 posted debit card purchases per statement cycle to avoid it. You'll earn an unlimited 1.5% cash rewards on purchases. The Wells Fargo Way2Save savings account is one of the savings accounts at Wells Fargo designed to help people who struggle with building savings… Balance transfer fees apply. While both banks charge monthly maintenance fees for their accounts, Wells Fargo fees tend to be lower. Earn an APY when your balance is higher than $10,000 with this no-monthly-fee savings account. Does Wells Fargo offer any other savings accounts? Wells Fargo has over 6,000 branches in over 40 states, a much larger network than Chase. Ponce Bank Savings account, offered through SaveBetter, has a $1 opening deposit and earns 0.50% APY. Smaller businesses could take advantage of the Business Platinum card, which earns you cash back or bonus points based on your spending. A free high-interest savings account with a $100 minimum deposit to open. Finder® is a registered trademark of Hive Empire Pty Ltd, and is used under license by While we are independent, the offers that appear on this site are from companies from which finder.com receives compensation. Checking. OVERALL RATING. Disclosures. Selecione Cancele para permanecer en esta página o Continúe para ver nuestra página principal en español. No account opening or maintenance fees. Wells Fargo allows those who want to open a checking account to do so by filling out an application form online. Can I open an account if I’m not a US citizen? Business Time Accounts (CDs). Platinum Savings. Does Wells Fargo offer savings for businesses? If Wells Fargo were to offer the program on its Platinum Savings account, the deal would be much more appealing as that account has a 0.05% APY as well as a bonus APY of 0.10% for those customers with a linked Prime Checking or Portfolio Checking account. At Finder, we value and respect our editorial independence. Find an ATM or banking location near you. " The Wells Fargo Platinum Card is especially useful for financing a large purchase interest-free, but the ongoing APR is high once the 0% period is over. to us. Please enter a valid zip code to see products available for your area, Consumer Account Fee and Information Schedule and Deposit Account Agreement. Wells Fargo Business Platinum Credit Card: $500 Bonus. $25 minimum opening deposit; Special interest rates available for qualifying accounts; For balances between $0 - $24,999.99: 0.05% Standard Interest Rate, 0.05% APY; For balances of $25,000 or more: 0.06% Standard Interest Rate, 0.06% APY; 20 monthly deposited items included, $0.50 each beyond that total ; $5,000 in monthly cash deposits … Yes, it’s called the Wells Fargo Platinum savings account and it offers up to 2.15% APY, depending on the specifics for your account. 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 365-day period. But they also have a few features that you may not find elsewhere. Wells Fargo treats its Platinum Savings account like a money market account. CODES (3 days ago) This Special Interest Rate offer is available only in branches. Platinum Savings. Wells Fargo wins this category because you can earn up to 2.15% APY if you have at least $25,000 in the Platinum Savings account. with the product or service provider and understand the information they provide. For specific account-related questions or comments, please visit Customer Service. Our goal is to create the best possible product, and your thoughts, ideas and suggestions play a major role in helping us identify opportunities to improve. For your security, we do not recommend using this feature on a shared device. Wells Fargo‘s checking and savings accounts generally have lower monthly fees than Chase… Wells Fargo Platinum offers 0% intro APR for 18 months on purchases and balance transfers. Optional, only if you want us to follow up with you. Wells Fargo offers its personal banking customers 2 types of savings accounts: the Way2Save Savings account and the Platinum Savings account. Your account statement will include the APY earned on your savings accounts and interest-earning checking accounts for the period covered by the statement. Higher APY. Business Platinum Savings. Portfolio by Wells Fargo: This account is great for those who have a significant amount of money. The Platinum Savings account is the smarter option for those interested in doing all of their banking with Wells Fargo. Daily compounding interest. Wells Fargo: Kids Savings Account. You’ll have the option to write checks, but the annual percentage yield on the Platinum Savings account is lower than the national average. For a savings account with checking account flexibility and a higher interest rate, try the Platinum Savings account. Features of the Way2Save Savings product include: transfers of $1 from your Wells Fargo checking account to your Way2Save Savings account for every qualifying transaction, the ability to set up monthly automatic transfers of $25+ and overdraft protection. If you have an existing Wells Fargo Debit or ATM Card, we will link your new account to it. The interest is higher than other savings accounts at 0.05%. The order in which products appear on our site as any endorsement or from... Chase ‘ s Savings account with other Savings products those interested in doing all their. Features of our site information to help you make better decisions investing to retirement, newsletter. That 's not convenient for you, there are two other options - a certificate deposit. Schedule and deposit account Agreement for details and time account ( CD ) -. 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