Wells Fargo Savings Account Rates
The Wells Fargo group is a financial institution that helps customers to reach their financial goals with a deep commitment to their communities. They have diversified financial services like banking, insurance, investment, mortgage and finance. They create economic growth through community development, financial education, environmental stewardship and volunteerism. They offer many products and out of those, we will discuss about the the savings account and its current rates.
Wells Fargo Goal Savings is a savings scheme where the minimum amount required to open this account is $25. Automatic monthly transfer facility is available even for this minimum amount. The $3 monthly maintenance is waived if the account has a daily minimum balance of $300 or a $25 automatic transfer from any Wells Fargo account or direct deposit. Irrespective of the balance and the term period, the Wells Fargo interest rates for this account are 0.05%APY.
The next scheme is Wells Fargo Money Market Savings. The minimum opening deposit is $100. A monthly fee of $10 is waived if there is a minimum balance of $3500 maintained daily or $75 is automatically transferred from any Wells Fargo account. The Wells Fargo money market rates are 0.05% for all balances and term periods in this account. There is also a bonus of 0.15% APY.
The next scheme is Wells Fargo High Yield Savings Account. The minimum opening deposit for this account is $25,000. The monthly fee of $25 is waived if a balance of $25,000 is maintained. Wells Fargo savings rates are premium compounded rates and the current rates for a balance of $0 to 24,999.99 are 0.05%APY with a bonus of 0.15%. For a balance of $25,000 and more, the interest rate is 0.30% APY with a bonus of 0.40% APY.
