Current Wells Fargo Money Market Rates
Wells Fargo is one of the leading banks in the US today. Its financial strength has been further enhanced by its merger with Wachovia Bank. They have a wide range of savings products geared to meet the needs of their customers. One of the most popular is the money market savings account. The reasons for its popularity include its ease of maintenance and the high interest rates. The Wells Fargo interest rates for the money market accounts are compounded daily and this increases the amount of savings for the customers. Also, they are all FDIC insured and backed by the trust and reliability of Wells Fargo bank.
The current Wells Fargo money market rates are 0.05% AY for all balances. They also offer a bonus APY for 0.15% for customers who have a PMA Prime Checking Account, Wells Fargo Complete Advantage Checking account, Wells Fargo premium membership checking account or Wells Fargo Custom Management checking account that is linked to their money market account. Besides the attractive Wells Fargo Bank money market rates, there are other features that come with these accounts. These accounts come with secure online banking and even mobile banking. This makes it easy to view balances and statements online anytime and from anywhere. Another advantage of these accounts is that they allow automatic transfer of money to facilitate saving. They also have many online tools like My Savings Plan that enable customers to track their saving goals and to get to them faster. In short, the Wells Fargo money market rates are pretty good in the current market situations and this makes them an attractive option for investment.
