Wells Fargo CD rates – May 2011 Update
Wells Fargo is one of the leading banks in the country today and they have a suite of products for different customers. Some of the products include checking account, savings account, CDs, mortgages and money market accounts. Each of these products come with convenient features and all customers have access to mobile and online banking so that they can manage their finances better. Though most customers only look at the interest rates, it is also a good idea to look into the fees and charges that are likely to reduce this earning. In this article, we will focus on the CDs of Wells Fargo Bank.
The Wells Fargo CD rates are 0.01% APY for a period of three months, 0.10% APY for a period of six months and 0.15% APY for a period of one year. The minimum amount required to open an account can be $2,500, $10,000 or $100,000 depending on your financial needs and abilities. When the money is deposited for a longer period of time, then the rates are typically higher. A the end of the term period, you have one week to decide if you want to deposit it again or withdraw the money or choose a different term. If no decision is made within this period, then the CD is automatically renewed under the same terms as the original one.
They have come up with some special offers that are available only for a limited time. The Wells Fargo Bank CD rates are 0.20% for 11 months and 0.90% for 33 months. The Wells Fargo certificate of deposit rates are 1.40% for 43 months and 2.15% for 58 months respectively. These Wells Fargo interest rates are competitive in the market and this makes it an attractive option for investment.
