Wells Fargo savings account rates September 2011
Wells Fargo bank was founded in 1852 and since then, it has been offering financial products and services to customers all over the US. With time, their customer base grew and today, they have operations in every state in the US. Its recent merger with Wachovia has made it stronger and the combined customer base and products augur well for the bank as well as the customers.
Wells Fargo Bank offers all kinds of products and services to meet the differing financial needs of its large customer base. One such product is the Wells Fargo savings account that comes with a host of features designed to help customers to save more and get more money by way of interest. One of their savings account is called Way2Save that comes with the benefits of a savings account as well as a variable rate of interest that sets the potential for higher earning. The minimum amount required to open this account is $100 or $25 when a monthly automatic savings option. There is no monthly fee for this account when a minimum daily balance of $300 is maintained or an automatic savings option is set up from any Well Fargo checking account. Otherwise, there is a monthly maintenance fee of $5.
The current Wells Fargo savings account rates are 0.05% APY for all balances. These Wells Fargo savings rates are competitive in the current market. Also, customers get to enjoy free online banking and mobile banking besides the good Wells Fargo interest rates. All this makes it a good choice for investment.
