Wells Fargo Bank

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58 Month CD Special - Bonus

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Popular Accounts at this Bank

APY	ACCOUNT TYPE	ACCOUNT NAME
0.50%	5-year CD	58 Month CD Special 1.85% - Synchrony Bank 60 Month CD
0.05%	1-year CD	1 Year CD 1.05% - Ally Bank High Yield 12-Month CD
0.01%	Savings	Wells Fargo Platinum Savings 1.00% - Ally Bank Online Savings Account

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Overview / Commentary

www.wellsfargo.com

800-869-3557

101 N. Phillips Avenue
Sioux Falls, SD 57104

Wells Fargo Bank is a publicly traded bank that operates as a subsidiary of Wells Fargo & Company, one of the largest financial holding companies in the world. The bank is one of the largest in the United States as measured by assets as well as deposits. With tens of millions of customers, thousands of retail branches and tens of thousands of ATMs, the bank’s presence is recognized in every state. It offers personal, small business, and commercial banking products and services, in addition to wealth management and investing advising.

On its personal banking side, Wells Fargo offers checking, savings, Money Market, Certificate of Deposit (CD) and IRA accounts, in addition to mortgage and consumer loans. One of its most popular checking account options comes with a debit card, as well as a monthly service fee unless minimum balance requirements are met. The bank pushes its student checking account in a combo package with its savings account to encourage saving, and Wells Fargo partners with colleges to provide students the ability to use its debit card for both on and off campus transactions. Savings account options come with minimal interest rates on basic savings, retirement savings, and even retirement savings accounts. Money Market accounts offered by the bank have a minimum daily balance requirement and come with very low interest rates. CDs are available in term lengths ranging from 3 to 58 months and a step up CD provides a way to increase the rate on a 24-month CD every 6 months for the life of the product.

A private bank is also available to provide customers wealth planning and trust solutions that are tailored to specific investor needs and goals. On its small business side, Wells Fargo offers loans and credit, business insurance, and merchant services like payment processing and tax help.

Wells Fargo Bank online banking is a secure banking platform on which customers can open and manage their accounts. The web-based system provides the ability to complete tasks like Bill Pay, money transfers, online brokerage, account activity viewing, direct deposit, and check image viewing. A mobile website (wf.com) provides an optimized Internet solution for customers to access their accounts from a web browser on any capable device. Mobile banking apps are also available and provide a more sophisticated way to bank on the run from various smartphone and tablet devices.

Wells Fargo Bank was originally established as the Crocker-Citizens National Bank in 1870, before transitioning to its current name in 1986. Since that time, the bank has rapidly acquired many financial institutions and divisions to become one of the largest companies in the world. Wells Fargo corporate headquarters are located in San Francisco, California, while Wells Fargo Bank is headquartered in Sioux Falls, South Dakota. The bank operates through thousands of branches located through the United States.

11/20 - Wells Fargo Refusing To Honor Widow’s 30-Year-Old CD
11/14 - Wells Fargo To Sell $8.5B In Government-Backed Student Loans To Navient
11/3 - Wells Fargo Faces Whistleblower Lawsuit Over Wachovia's Banking Practices
10/30 - Wells Fargo Ordered To Pay $203 Million In Debit Card-Posting Scam
10/7 - Free Credit Score Promo Not A Big Deal When There Are Free Alternatives
9/23 - Wells Fargo Arm Fined $5 Million Over Broker’s Insider Trading
3/17 - Wells Fargo’s $100 Checking Account Bonus - May Be Targeted
2/14 - Wells Fargo Edges Back Into Subprime As U.S. Mortgage Market Thaws

12/22 - Well Fargo Accused Of Pressure-Cooker Sales, Costing Unwary Customers
12/9 - Wells Fargo Tests Google Glass App: 5 Things To Know For The Week
11/26 - Wells Fargo Tests New Checking Account In Three States
10/17 - Wells Fargo’s Checking Account Bonus - Limited Areas
10/17 - History of Wells Fargo Bonus Payouts
10/3 - Wells Fargo Fires Workers Accused Of Cheating On Sales Goals
9/19 - Wells Fargo Account Holders: Take Note
8/21 - Wells Fargo To Cut 2,300 Mortgage Jobs As Refinancing Slows
7/25 - Wells Fargo Becomes World's Most Valuable Bank
7/10 - Wells Fargo Refuses to Honor an Old Cashier’s Check
5/16 - Wells Fargo Ordered - Again - To Pay $203M In Overdraft Case
5/8 - Complications at Wells Fargo When a Bank Account Lacks a Beneficiary
4/16 - Wells Fargo Mini-Branches And The Shrinking Retail Footprint
3/26 - Wells Fargo Says Cyber Attack Disrupting Website
2/7 - Woman Loses Heirlooms In A Wells Fargo Safe Deposit Box
1/11 - Wells Fargo's Q4 Earnings Report - Insights For Depositors

Reviews (271)

Featured Account Options

Wells Fargo Bank is Top Notch

Posted by: VMK2405 | Sep 21, 2016

I've been banking with Wells Fargo for 25 years. I've never had one moment of customer dissatisfaction with them. They always go above and beyond to fulfill the needs of their customers. They also look out for their customers. Recently the bank noticed suspicious activity on my debit card. They immediately notified me and sent me out a new card within four days. I've also made great use of their cash back program on their credit card where for the first six months you earn 5% cash rewards on gas and grocery purchases. Then 1% cash back on all other purchases all the time. It's been great to pay off my credit card through my purchases. I have a checking and savings account with them as well. Both of my teenagers have had savings accounts at Wells Fargo since they were little and recently have opened checking accounts. I rarely actually go into the bank anymore, but when I have had to, the bank employees are always very helpful and friendly. I really can't say enough good things about Wells Fargo. It's been an awesome bank for our family.

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1

Middle of the Road

Posted by: LauraBrooks14 | Oct 1, 2014

Wells Fargo is a solid choice for a bank. I used to have a free checking account with them, but now you have to sign up for a savings account in order to keep it free. The savings account has a dismally low APY so I never keep any money in there anyway.

Customer service in person is good depending on your branch. Service over the phone about issues can be challenging.

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8

Poor Choice

Posted by: Thomas777 | Aug 10, 2016

Wells Fargo is a...ok choice if you're looking for a bank that has a large national footprint. However, if you're looking for some individualized treatment look elsewhere. I left Wells Fargo years ago, but my mother still banks with them... She's been a customer since they bought out Norwest Bank back in the 1990's. Recently, she tried to order a new debit card with a chip over the phone, but because she couldn't remember her verbal password (she rarely calls) they told her that they were unable to help her. They were unable/unwilling to verify her identity by any other means (SS#, address etc.) I was actually dumbstruck by this, I had never heard of this happening with any other friends or family members. She is now in the process of moving all of her accounts out of Wells Fargo.

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2

WF Steals From Disabled Single Mom Over And Over

Posted by: Marcia Buroker | Feb 18, 2016

And again...$335 in my account this morning before I left the house, checked to make sure my direct deposit went in. I come home and during the day, WF was playing around with my transactions again and my balance is $135 with three $35 overdraft fees from transactions that WEREN'T THERE THIS MORNING, but they moved everything around so I was overdrawn and THEN put my deposit back in. How can they keep getting away with this? HOW CAN THIS BE LEGAL??? I
am a single mom, on disability, minimal child support, GO FIND SOMEONE ELSE TO PICK ON!!!

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11

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Health

A

Data as of Q2 2016

Learn more about bank health

Health Grade Components

Overall
FDIC Certificate #	3511
Year Established	1870
Employees	233312
Primary Regulator	OCC

Profit Margin
Return on Assets - YTD	1.19%
Return on Equity - YTD	12.75%
Annual Interest Income	$23.92B

Assets and Liabilities
Assets	Q2 2016vs Q2 2015	$1,699.4B$1,553.9B
Loans	Q2 2016vs Q2 2015	$921.4B$858.3B
Deposits	Q2 2016vs Q2 2015	$1,293.5B$1,227.1B
Equity Capital	Q2 2016vs Q2 2015	$158.1B$147.1B
Loan Loss Allowance	Q2 2016vs Q2 2015	$10.65B$10.49B
Unbacked Noncurrent Loans	Q2 2016vs Q2 2015	$13.23B$13.51B
Real Estate Owned	Q2 2016vs Q2 2015	$1.04B$1.85B

User-submitted Promotions & Notices

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This section lists recent deals, promotions and rate changes submitted by our community within the past 90 days. Always verify official rates and promotions with the bank or credit union.

Wells Fargo Everyday Checking $100 Offer

Tony Phan | Aug 4, 2016

$100 offer expires 09/01/2016.
Requirements:
Open an Everyday Checking account with a $25 minimum deposit.
Make 10 debit card purchases/payments within 60 days.
Offer Link
Offer details courtesy of MoneysMyLife.com

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4

Rates

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* The APY shown varies based on the deposit amount. Expand the listing to see APYs for other deposit amounts.

† The rates for some products vary by region. In these cases we have listed the rates for the region closest to the bank's headquarters.

Wells Fargo Bank Savings Account Rates

APY	MIN	MAX	ACCOUNT NAME
0.35%^*^†	$15k^*	-	Wells Fargo Health Savings Account
OTHER TIERS: 0.05% → Up to $5k \| 0.15% → $5k - $10k \| 0.25% → $10k - $15k
0.06%^*^†	$25k^*	-	Business Platinum Savings
OTHER TIERS: 0.05% → Up to $25k
0.06%^†	-	-	Wells Fargo Platinum Savings - Bonus
0.05%^*^†	$100k^*	-	Wells Fargo Retirement High Yield Savings
OTHER TIERS: 0.03% → Up to $100k
0.03%^†	-	-	Wells Fargo Retirement Way2Save Savings
0.01%^†	-	-	Wells Fargo Way2Save Savings
0.01%^†	-	-	Wells Fargo Platinum Savings

Wells Fargo Bank Money Market Rates

APY	MIN	MAX	ACCOUNT NAME	VIEW DETAILS
0.03%^†	-	-	Business Market Rate Savings

Wells Fargo Bank Checking Account Rates

APY	MIN	MAX	ACCOUNT NAME
0.05%^*^†	$5k^*	-	PMA Premier Checking
OTHER TIERS: 0.01% → Up to $5k
0.01%	-	-	Preferred Checking

Wells Fargo Bank CD Rates

APY	MIN	MAX	ACCOUNT NAME
0.55%^†	$5k	-	58 Month CD Special - Bonus
0.50%^†	$5k	-	58 Month CD Special
0.50%^†	$5k	-	Business 58 Month CD Special
0.35%^†	$5k	-	39 Month CD Special - Bonus
0.30%^†	$5k	-	Business 39 Month CD Special
0.30%^†	$5k	-	39 Month CD Special
0.25%^†	$5k	-	26 Month CD Special - Bonus
0.21%^†	$2,500	-	24 Month Step Rate Bonus CD
0.20%^†	$5k	-	26 Month CD Special
0.20%^†	$5k	-	Business 26 Month CD Special
0.16%^†	$2,500	-	24 Month Step Rate CD
0.16%^†	$1k	-	24 Month Businesss Step Rate CD
0.15%^†	$5k	-	9 Month CD Special - Bonus
0.10%^†	$5k	-	Business 9 Month CD Special
0.10%^†	$5k	-	9 Month CD Special
0.10%^†	$2,500	-	1 Year CD - Bonus
0.06%^†	$2,500	-	3 Month CD - Bonus
0.06%^†	$2,500	-	6 Month CD - Bonus
0.05%^†	$2,500	-	1 Year CD
0.01%^†	$2,500	-	3 Month CD
0.01%^†	$2,500	-	6 Month CD

Wells Fargo Bank IRA Rates

APY	MIN	MAX	ACCOUNT NAME
0.55%^†	$2,500	-	58 Month IRA Special - Bonus
0.50%^†	$2,500	-	58 Month IRA Special
0.40%^†	-	-	60 - 71 Month IRA - Bonus
0.40%^†	-	-	72 - 144 Month IRA - Bonus
0.35%^†	-	-	60 - 71 Month IRA
0.35%^†	-	-	72 - 144 Month IRA
0.35%^†	$2,500	-	39 Month IRA Special - Bonus
0.30%^†	$2,500	-	39 Month IRA Special
0.30%^†	-	-	48 - 59 Month IRA - Bonus
0.25%^†	-	-	48 - 59 Month IRA
0.25%^†	$2,500	-	26 Month IRA Special - Bonus
0.25%^†	-	-	36 - 47 Month IRA - Bonus
0.21%^†	$1k	-	24 Month Step Rate Bonus IRA
0.20%^†	-	-	36 - 47 Month IRA
0.20%^†	$2,500	-	26 Month IRA Special
0.20%^†	-	-	24 - 35 Month IRA - Bonus
0.16%^†	$1k	-	24 Month Step Rate IRA
0.15%^†	-	-	24 - 35 Month IRA
0.15%^†	$2,500	-	9 Month IRA Special - Bonus
0.10%^†	$2,500	-	9 Month IRA Special
0.10%^†	-	-	12 - 23 Month IRA - Bonus
0.06%^†	-	-	3 - 5 Month IRA - Bonus
0.06%^†	-	-	6 - 11 Month IRA - Bonus
0.05%^†	-	-	12 - 23 Month IRA
0.01%^†	-	-	3 - 5 Month IRA
0.01%^†	-	-	6 - 11 Month IRA

Locations

Wells Fargo Bank has 6,134 locations. Click to view all Wells Fargo Bank locations.