Wells Fargo Bank Money Market Rates Update
Wells Fargo is one of the top banks in the US today and it has become much stronger after its merger with another giant in the banking industry, Wachovia. They offer a wide range of lending and savings products that are designed to meet the needs of varied customers who are located across the length and breadth of the country. In this article, we will talk mainly about Wells Fargo money market rates and features.
To open a Wells Fargo money market account, all that you need is a minimum amount of $100. You can fund the account by transferring money from a Wells Fargo account, a non-Wells Fargo account, check or even by credit card. Its easy to open and can be a good savings option for you. This funding can be done online without ever having to go to your local branch. There is no monthly fee provided you have a minimum daily balance of $3500 or set up an automatic transfer of a minimum amount of $75 from another Wells Fargo account. Otherwise, a monthly maintenance fee of $10 is charged.
The Wells Fargo bank money market rates are 0.05% for any balance over $0. They also offer a bonus rate of 0.15% APY if you have a linked PMA Prime Checking account, Wells Fargo Complete Advantage checking account, Wells Fargo Premium membership Checking account or a Wells Fargo Custom Management Checking account. These Wells Fargo interest rates are quite competitive and you can definitely consider this avenue as a potential area of investment.
