Wells Fargo Bank Review: Checking, Savings and CDs - NerdWallet (2024)
Disclaimer: NerdWallet strives to keep its information accurate and up to date. This information may be different than what you see when you visit a financial institution, service provider or specific product’s site. All financial products, shopping products and services are presented without warranty. When evaluating offers, please review the financial institution’s Terms and Conditions. Pre-qualified offers are not binding. If you find discrepancies with your credit score or information from your credit report, please contact TransUnion® directly.
NerdUp by NerdWallet credit card: NerdWallet is not a bank. Bank services provided by Evolve Bank & Trust, member FDIC. The NerdUp by NerdWallet Credit Card is issued by Evolve Bank & Trust pursuant to a license from MasterCard International Inc.
Impact on your credit may vary, as credit scores are independently determined by credit bureaus based on a number of factors including the financial decisions you make with other financial services organizations.
California: California Finance Lender loans arranged pursuant to Department of Financial Protection and Innovation Finance Lenders License #60DBO-74812
Insurance Services offered through NerdWallet Insurance Services, Inc. (CA resident license no.OK92033) Insurance Licenses
NerdWallet™ | 55 Hawthorne St. - 10th Floor, San Francisco, CA 94105
Wells Fargo CD rates range from 1.50% APY on a standard one-year CD to 4.75% on a seven-month Special CD. The bank offers slightly higher relationship rates for CD account holders with an eligible linked Wells Fargo checking account.
CDs are generally considered safe investments. These time deposits are insured by the FDIC (Federal Deposit Insurance Corporation) at banks. At credit unions, they're usually referred to as share certificates and are insured by the NCUA (National Credit Union Administration).
Wells Fargo Bank's savings accounts offer interest rates below the national average and well below the rates available from the best online savings accounts. If you're looking for a higher interest rate, you're better off shopping at online banks or credit unions.
At maturity, your CD will automatically renew at the standard interest rate then in effect unless you make one of the changes noted above. Interest will not be paid during the grace period if you withdraw your funds and do not renew your CD.
Introduction: My name is Chrissy Homenick, I am a tender, funny, determined, tender, glorious, fancy, enthusiastic person who loves writing and wants to share my knowledge and understanding with you.
We notice you're using an ad blocker
Without advertising income, we can't keep making this site awesome for you.
