Wells Fargo Bank CD Rates Update
Wells Fargo is one of the leading banks in the nation today. They have become stronger after their merger with Wachovia. To meet the needs of their customers who are spread across the length and breadth of the country, they offer a wide range of products and services. Some of the products include CDs, savings accounts, money market accounts, checking accounts, mortgages and leasing. The CDs offered by Wells Fargo have variable term periods and competitive interest rates to suit the preferences and financial goals of different kinds of customers. They also have some special offers going on for CDs and if you are looking to invest in a CD, this maybe the right time.
The current Wells Fargo CD rates the special CDs are 0.55% for a term of 15 months, 0.90% for a term of 21 months, 1.40% for a term of 28 months, 1.90% for a term of 35 months and 2.90% for a term of 58 months respectively. The minimum amount required to open these accounts is $5,000. These special rates are applicable only for the initial term and when the CD is renewed the standard rates will apply. The Wells Fargo Bank CD rates for the standard CDs are 0.10% for a period of 3 months for all balances. The Wells Fargo certificate of deposit rates for a period of 6 months is 0.15% while the rates for a period of 1 year is 0.30%. The Wells Fargo interest rates are quite competitive, but there is a penalty fee for early withdrawals. You must be aware of this penalty before you make a decision to put your money into any CD.
