Wells Fargo Bank CD Rates
Wells Fargo CD rates are quite competitive when compared to other banks and they offer maximum flexibility for the money deposited. They have differing periods to meet the needs of different customers. The interest rate with Wells Fargo bank is compounded on a daily basis. Let’s review the wells Fargo bank CD rates.
The standard CD rates for a term of 3 months are 0.10%, for a 6-months period rate is 0.15% and for 1 year, the CD rates are 0.30%. The minimum amount required for these CDs is $2500. There are some special offers given by Wells Fargo Bank. For a CD term of 11 months that renews for a 6 months term after the end of the 11-month term, the APY is 0.40%. Wells Fargo certificate of deposit rates for a term of 21 months that renews for 12 months after the end of 21 months, the APY is 0.90%. For 28 months (renews for 24 months term) interest is 1.40%, 40 months term (renews for 36 months term) wells Fargo interest rates are 1.90% and for 58 months term (renews for 48 month term), the APY is 2.65%. For these special offers, the minimum amount of deposit is $5000.
By locking the funds on a higher term, a higher rate of interest could be earned. In case of early withdrawals, a small fee is charged. Deposits will be renewed with a grace time of seven days according to the same terms and at the same interest rate without any additional effort from the client’s side. Withdrawal on maturity could be done partly or fully or even an additional deposit could be made.
