Take advantage of a high-interest online savings account with no fees, no minimums and more. $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. - Toby Sembower, 12/16/2020. The Platinum Savings account is the smarter option for those interested in doing all of their banking with Wells Fargo. Take a look at the highest yield money market accounts too. Wells Fargo Platinum offers 0% intro APR for 18 months on purchases and balance transfers. 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. 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. You'll also get online bill pay, online transfers, and mobile deposit. Wells Fargo also has multiple different savings account options: Way2Save Savings; Platinum Savings ; Wells Fargo CDs; The Way2Save Savings account has a maximum of six withdrawals during a month pay period and has a monthly fee of $5 that can be waived by having one of the following each pay period: The Wells Fargo Everyday Checking account has a $10 monthly service fee. CODES (3 days ago) This Special Interest Rate offer is available only in branches. The savings accounts from Wells Fargo are listed below. The Platinum Savings account is the smarter option for those interested in doing all of their banking with Wells Fargo. ET. You’ll need at least $1,500 or 10 posted debit card purchases per statement cycle to avoid it. Availability may be affected by your mobile carrier's coverage area. Wells Fargo also offers the Wells Fargo Way2Save Savings and a range of certificates of deposit. Wells Fargo Platinum card Review: More Details. This account offers a better rate compared to the Way2Save account. Please appreciate that there may be other options available to you than the products, providers or services covered by our service. Wells Fargo Business Platinum Savings Account. Platinum Savings offers higher rates for higher balances. The Wells Fargo Platinum Savings Account gives you access to your money when you need it. Business Savings and Time Account (CD) Rates - Wells Fargo. Finder.com LLC. Wells Fargo’s Platinum Savings account rewards customers who have higher balances with better savings rates. Otherwise, you'll earn 0.05% on your Platinum Savings. Ponce Bank Savings account, offered through SaveBetter, has a $1 opening deposit and earns 0.50% APY. 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. If you are looking for a way to pay down some debt without racking up interest, the Wells Fargo Platinum offers one of the longest introductory APRs available – 0% for the first 18 months (16.49% to 24.49% variable thereafter). With mobile banking and a free ATM card, Wells Fargo makes it easy to access your money: Yes. The length of time the specific product statements are available online can be found in Wells Fargo Online® in Statements & Documents. For specific account-related questions or comments, please visit Customer Service. You can avoid it with a minimum daily balance of $3,500. Wells Fargo Savings Account. Earn a promotional APY for your first 3 months and access your money by ATM, check or bill pay. Certificates of Deposit: Fixed rate CDs and a Step Rate CD that offers guaranteed interest-rate increases. Wells Fargo‘s Platinum savings account is slightly higher than Chase‘s savings account. Yes, Wells Fargo savings accounts will … with the product or service provider and understand the information they provide. 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 you can find higher APYs with other savings products. While compensation arrangements may affect the order, position or placement of product information, it doesn't influence our assessment of those products. For time accounts, this change will occur upon renewal. Higher APY. This Wells Fargo savings account requires the same $25 deposit to open, and a minimum balance of $3,500 will waive your $12 monthly fee. Credit card subject to credit qualification. While. 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 … Choose between an individual or joint account, then click. OVERALL RATING. If you hold a balance over $100,000, you’ll earn the bank’s highest interest rate. Selecione Cancele para permanecer en esta página o Continúe para ver nuestra página principal en español. Wells Fargo Business Platinum Savings Account. Enjoy a spend and save combo account with unlimited cash back rewards and a $100 bonus when you spend $1,000 in your first 60 days. We may rely on information that is provided In conclusion, Capital … Savings Accounts. You’ll have the option to write checks, but the annual percentage yield on the Platinum Savings account is lower than the national average. Type Floating: Rate 0.10%: Currency: USD: This a basic business savings account that only requires a minimum of $25 to open. Smaller businesses could take advantage of the Business Platinum card, which earns you cash back or bonus points based on your spending. Note: Cookies must be enabled in your browser settings. The Platinum Savings also has a maximum of six withdrawals per month, but it has a higher monthly fee at $12. Navegó a una página que no está disponible en español en este momento. Opinions expressed here are the author’s alone and have not been reviewed, approved or otherwise endorsed by any of the entities included within the post. How to get a Platinum Savings account. Higher rates. finder.com compares a wide range of products, providers and services but we don't provide information on all available products, providers or services. For a savings account with checking account flexibility and a higher interest rate, try the Platinum Savings account. For your security, we do not recommend using this feature on a shared device. This is useful for people who are prone to losing things, or just in general for those who want some extra peace of mind. Wells Fargo CDs: Perfect for those who can save money aside and earn a higher rate. This bonus is worth doing especially with the extra 2% APY if you have $25,000 in spare funds but we won’t be adding it to the best savings bonuses due to the fact it’s targeted. Wells Fargo has two savings accounts that earn between 0.01%-0.10% APY, whereas Bank of America only has one that pays a maximum of 0.06%. Credit Cards: Choose from credit cards for cash back, rewards or building credit. A Platinum Savings account is FDIC-insured and offers several easy options to access your money, including unlimited branch and ATM withdrawals and the option to write checks.. You'll also get: Optional Overdraft Protection., Use your Platinum Savings account to protect your Wells Fargo checking account from overdrafts. Does Wells Fargo offer any other savings accounts? Wells Fargo allows those who want to open a checking account to do so by filling out an application form online. A free high-interest savings account with a $100 minimum deposit to open. The Central Bank of Kansas City Savings account, offered through SaveBetter, has a $1 opening deposit and earns 0.4% APY. The length of time Online Statements are available to view and download varies depending on the product: up to 12 months for auto loans; up to 2 years for credit cards, student loans, home equity lines of credit, and personal loans and lines of credit; and up to 7 years for deposit accounts, home mortgage accounts, and trust and managed investment accounts. The interest is higher than other savings accounts at 0.05%. It does take at least $2,500 to open one. CODES (3 days ago) This Special Interest Rate offer is available only in branches. Password. We may also receive compensation if you click on certain links posted on our site. If the limit is exceeded, an excess activity fee for each transfer or withdrawal over the limit will be assessed. For a savings account with checking account flexibility and a higher interest rate, try the Platinum Savings account. From banking to investing to retirement, our newsletter has you … You can earn a higher APY on the Platinum Savings account if you also have (and link) a Portfolio by Wells Fargo account. We analyze top savings accounts and rate them one to five stars based on factors that are most important to you. Wells Fargo Savings Account Fees. Yes. The account does has tiered rates/ The rate of 0.10% is 0.54% lower than the average 0.64%. Enjoy the security and earning potential of a savings account while maintaining the flexibility to write checks. Please enter a valid zip code to see products available for your area, Consumer Account Fee and Information Schedule and Deposit Account Agreement. Do Wells Fargo savings accounts earn interest? Take a look at the highest yield money market accounts too. If you have multiple cards, we will link it to the card most recently used. SoFi Money® is a cash management account that charges no account fees to save, spend, and earn cash back rewards when you spend on brands you love. Do Wells Fargo savings accounts earn interest? Wells Fargo has over 6,000 branches in over 40 states, a much larger network than Chase. You also get a 0% interest rate for your first nine months. After that, a 16.49%-24.49% variable APR. Rates offered by the bank are not the same for every customer, so shopping around for the best account can work to your advantage. To open this account, you’ll need to meet a few eligibility requirements: Regardless of how you choose to open this account, you’ll be asked for the following information: This Big Four bank offers protection up to $250,000 and easy access to your money with a debit card and checks, along with other savings perks. Wells Fargo Business Platinum Savings is for businesses with higher balances typically looking to save for future expansion. A copy of the then-current rate sheet will be provided to you before you open your account or is available at any time upon request from a banker. Earn one of the highest interest rates without the fees. We strive to ensure our content is clear and honest. To receive the disclosed Bonus Interest Rate/Bonus APY, the account must remain linked to a Portfolio by Wells Fargo® program. When Peter's not thinking about cutting-edge banking apps and robo-advisors, he runs a creative agency and spends his spare time cooking or reading. Customers who open a … We are unable to contact you about your comments. Wells Fargo’s savings account monthly maintenance fees range from $5 for its Way2Save Savings account to $12 for its Platinum Savings account; these accounts don’t have nearly as many fees as Wells Fargo’s checking accounts. To open an account in person, you can visit any Wells Fargo banks. Wells Fargo’s savings account monthly maintenance fees range from $5 for its Way2Save Savings account to $12 for its Platinum Savings account; these accounts don’t have nearly as many fees as Wells Fargo’s checking accounts. But they also have a few features that you may not find elsewhere. Wells Fargo offers customers savings account options for different stages of their lives. Wells Fargo offers business savings accounts … Balance transfer fees apply. I have had a regular savings account with Wells Fargo for years, and wanted to add something to help me save a bit more money without thinking much of it. Wells Fargo Savings Account. The Wells Fargo Way2Save savings account is one of the savings accounts at Wells Fargo designed to help people who struggle with building savings… Availability may be affected by your mobile carrier's coverage area. The Platinum Savings account at Wells Fargo comes with a $12 monthly fee. Monthly service fee: $15 Avoid the monthly service fee with one of the following options each fee period: Linked to Navigate Business Checking SM; Linked to Optimize Business Checking SM While you won’t be charged for using a Wells Fargo ATM, there’s a $2.50 fee when you use an out of network ATM, plus any applicable ATM-owner fees. Peter Carleton is a writer that covers banking and investing, breaking down what you need to know about where you put your money. You'll also get online bill pay, online transfers, and mobile deposit. How to get a Platinum Savings account. Deposits are fossil fuel-free and insured by the FDIC. The interest is higher than other savings accounts at 0.05%. A savings account with a higher-than-average rate and minimal fees. Avoid the fee by keeping at least $3,500 in your account daily. Find an ATM or banking location near you. Wells Fargo offers business savings accounts and CDs that include: Business Market Rate Savings. There is a $0 annual fee. You can use your Wells Fargo savings account or line of credit as a backup source of funds, but there is a $12.50 transfer fee each time money is moved from savings … The Wells Fargo Platinum Savings Account can be opened online, by phone or at a branch: Online. To open an account, you’ll be asked to provide your personal details, including your ID and Social Security number, as well as a method to fund the new account. This savings account has no account and overdraft fees, plus it requires no minimum balance. We cannot address customer service questions here. 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. End of popup. No account opening or maintenance fees. Wells Fargo treats its Platinum Savings account like a money market account. While both banks charge monthly maintenance fees for their accounts, Wells Fargo fees tend to be lower. For a $12 monthly service fee, you could qualify for a bonus interest rate of up to 0.06%. You’ll have the option to write checks, but the annual percentage yield on the Platinum Savings account is lower than the national average. Wells Fargo Business Platinum Savings Account. Checking Accounts. 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. Terms of 3 months, 6 months or 1 year offered for Fixed Rate CDs; 24-month term offered for Step Rate CD. For example, its Platinum Savings account charges a $12 monthly fee which you can have waived by maintaining at least $3,500 in the account. We may receive compensation from our partners for placement of their products or services. The universal Wells Fargo transfer limit is 6 transfers from your savings account per month. Continental Bank High Yield Savings account, offered through SaveBetter, has a $1 opening deposit and earns 0.45% APY. Wells Fargo Platinum offers 0% intro APR for 18 months on purchases and balance transfers. When I was at a branch location, one of the reps suggested the Way2Save savings account, and I have really enjoyed it. Your mobile carrier's message and data rates may apply. Subject to applicable Overdraft Protection transfer fees and account eligibility requirements. Wells Fargo Bank Platinum Savings Account charges $5 every time you request a paper statement. To open an account, you’ll be asked to provide your personal details, including your ID and Social Security number, as well as a method to fund the new account. Finder is committed to editorial independence. No minimum balance requirements. Wells Fargo CDs. at the issuer'ssecure website. Get our weekly newsletter for the latest in money news, credit card offers + more ways to save. However, you’ll need to visit a branch to open the account in person. Conclusion. Platinum Savings. Yes, but you should visit your nearest branch to get assistance from a customer service representative. You can avoid it with a minimum daily balance of $3,500. Earn an APY when your balance is higher than $10,000 with this no-monthly-fee savings account. Chase vs. Wells Fargo: Fees. If you are The APY offered for the Platinum Savings account is the highest yield across all Wells Fargo accounts, though. Enjoy no monthly fees and a competitive APY with this online-only savings account. Seleccione el enlace si desea ver otro contenido en español. Availability may be affected by your mobile carrier's coverage area. Type Floating: Rate 0.10%: Currency: USD: This a basic business savings account that only requires a minimum of $25 to open. Platinum Savings. 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. This money market account offers a competitive APY. While we are independent, the offers that appear on this site are from companies from which finder.com receives compensation. Wells Fargo Platinum Savings account. The Wells Fargo Everyday Checking account has a $10 monthly service fee. Can I open an account if I’m not a US citizen? With a minimum deposit of $25, you’ll get an interest rate of up to 0.06%. 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