Wells Fargo Bank

Popular Accounts at this Bank

APY	ACCOUNT TYPE	ACCOUNT NAME
2.10%	5-year CD	58 Month CD Special 2.90% - Goldman Sachs Bank USA High-yield 5 Year CD
0.10%	1-year CD	1 Year CD 2.35% - Synchrony Bank 14 Month CD Special
0.01%	Savings	Platinum Savings - Standard Interest Rate 1.70% - Goldman Sachs Bank USA High-yield Online Savings Account

View all Wells Fargo Bank rates »

Overview / Commentary

www.wellsfargo.com

605-575-6900

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.

For those interested in possibly taking the plunge into brokered CDs, Wells Fargo has been offering some pretty good non-callable, new issue deals with 2- and 3-year maturities. Today on Fidelity, it's showing a 2.4% yield for 2-year CDs and a 2.6% yield for 3-year CDs. Interest is payable monthly which, as someone who pays my bills with current interest income, I like.

View all posts from:

2018
2017
2016
Earlier

4/26 - 2.75% 2 Year CD
2/12 - 2- And 3-Year Brokered Cds

5/19 - $150 Wells Fargo Checking Bonus - Select Cities
5/10 - Wells Fargo Long Term 3.00% Callable Step-Up CD Via TD Ameritrade
3/8 - Wells Fargo Offers Easy $250 Checking Bonus

12/15 - $100 Checking Account Bonus At Wells Fargo (Online Only)
8/4 - Wells Fargo Everyday Checking $100 Offer

Reviews (315)

Featured Account Options

Good customer service

Posted by: Bobsterspeo | May 15, 2018

I was in a branch of this bank to open a checking account and the experience I had was very rewarding I was quickly attended and the attention was very personalized, they explained to me in detail the requirements I needed to open the account. I left very enthusiastic about the intitucion and recommended them to my friends and family

Comment

1

I can do everything I need!

Posted by: carycastro | Apr 20, 2018

I love my online banking! They have brick and mortar locations as well but I rarely go because I can do everything on the website and they also have an app as well that makes banking on the go easy. On the website and app I can deposit checks into my accounts, move money between accounts, pay bills, and so much more. I check my account everyday so it is nice to be able to do that on the website and on the app when on the go. I get checks every month for a job I do and it is nice to be able to do that at home from my phone and deposit into my bank account with out having to leave my couch. They also let you view all your statements from you phone or website and I do that so I can go paperless and not get paper copies because it makes me feel better.

Comment

3

The Days Of Brick And Mortar Are Numbered

Posted by: SufferinPacific | Jun 14, 2018

I have had a 20 year history with Wells Fargo, nee Wachovia, nee World Savings. I will say I like how Wells Fargo is organized both at the teller window and also in online banking. I do like visiting our local branch, and all employees are pleasant people. I am glad to say I did not encounter any problems during the fake account scandals. That was probably due to good managers at our local branch who didn't get greedy. But they have been given a weak hand to play with from upper management. The savings rates are abysmal. I remember when I had 4 or 5 percent before the crash of 2008. .01 percent is just not competitive, and I am finding myself throwing more money into online institutions to get some more money for my money. I can understand they have a lot more overhead than the online guys, but some sort of rate hike would be nice. We've been stuck at .01 for nearly ten years? I will keep my Wells Fargo account for a small deposit amount, just to get cash occasionally. But the time of online banks has arrived. Brick and mortar I believe will be something of our history books, just like writing a check.

Comment

1

Great wells fargo experience.

Posted by: alysiaarcher | Mar 17, 2018

I am a long time wells fargo banking user and am pleased to note that they are on the cutting edge of online banking. Usually I notice that they offer updates and improvements well before other banks have launched similar features. The online experience is always seamless and with out issue. They offer many features such as mobile check cashing, online bill pay, as well as being able to check your balance report at any time. Their customer service is always exemplary. Any time I have an issue or question the agent is always kind and helpful. They will always attempt to resolve issues immediately or within a short time frame. They also demonstrate excellent knowledge of the typical problems that a customer might contact them and as them for. I have never had trouble with my checking account, I typically do not use many of their other services, but they do regularly offer their services as I log onto my account so if there was ever a question or a need that arises I would know what direction to follow.
I will say that over time my account has lost some of the features that it used to have. But because they handle everything so effortlessly and It would require great effort on my part to change, I do not see me changing my banking method in the future.

Comment

2

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Health

B+

Data as of Q1 2018

Learn why bank health matters

Health Grade Components

Overall
FDIC Certificate #	3511
Year Established	1870
Employees	236181
Primary Regulator	OCC

Profit Margin
Return on Assets - YTD	1.1%
Return on Equity - YTD	11.5%
Annual Interest Income	$14.22B

Assets and Liabilities
Assets	Q1 2018vs Q1 2017	$1,716.5B$1,749.2B
Loans	Q1 2018vs Q1 2017	$919.5B$920.2B
Deposits	Q1 2018vs Q1 2017	$1,357.7B$1,367.2B
Equity Capital	Q1 2018vs Q1 2017	$163.9B$156.8B
Loan Loss Allowance	Q1 2018vs Q1 2017	$9.94B$10.29B
Unbacked Noncurrent Loans	Q1 2018vs Q1 2017	$8.22B$10.77B
Real Estate Owned	Q1 2018vs Q1 2017	$564.0MM$845.0MM

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.

2.75% 2 Year CD

heavyc73 | Apr 26, 2018

Just took down a 2 year 2.75% CD. Pretty good rate for now.

Comment

11

Rates

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Money Market
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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
0.46%^*^†	$25k^*	-	Platinum Savings - Special Interest Rate Bonus
OTHER TIERS: 0.06% → Up to $25k
0.46%^*	$25k^*	-	Business Platinum Savings - Special Interest Rate
OTHER TIERS: 0.05% → Up to $25k
0.41%^*^†	$25k^*	-	Platinum Savings - Special Interest Rate
OTHER TIERS: 0.01% → Up to $25k
0.06%^*^†	$25k^*	-	Business Platinum Savings - Standard Interest Rate
OTHER TIERS: 0.05% → Up to $25k
0.06%^†	-	-	Platinum Savings - Standard Interest Rate 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%^†	-	-	Platinum Savings - Standard Interest Rate

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^*	-	Portfolio by Wells Fargo
OTHER TIERS: 0.01% → Up to $5k
0.01%^†	$500	-	Preferred Checking

Wells Fargo Bank CD Rates

APY	MIN	MAX	ACCOUNT NAME
2.15%^†	$5k	-	Business 58 Month CD Special
2.15%^†	$5k	-	58 Month CD Special - Bonus
2.10%^†	$5k	-	58 Month CD Special
2.10%^†	$5k	-	Business 39 Month CD Special
2.10%^†	$5k	-	39 Month CD Special - Bonus
2.05%^†	$5k	-	39 Month CD Special
2.05%^†	$5k	-	19 Month CD Special - Bonus
2.05%^†	$5k	-	Business 19 Month CD Special
2.00%^†	$5k	-	19 Month CD Special
1.39%^†	$2,500	-	24 Month Step Rate CD
1.38%^†	$1k	-	Business 24 Month Step Rate CD
1.34%^†	$2,500	-	24 Month Step Rate Bonus CD
1.02%^†	$5k	-	9 Month CD Special - Bonus
1.01%^†	$5k	-	Business 9 Month CD Special
0.96%^†	$5k	-	9 Month CD Special
0.80%^†	-	-	Business 60 - 71 Month CD
0.80%^†	-	-	Business 72 - 144 Month CD
0.60%^†	-	-	Business 48 - 59 Month CD
0.40%^†	-	-	Business 36 - 47 Month CD
0.20%^†	-	-	Business 24 - 35 Month CD
0.15%^†	-	-	1 Year CD - Bonus
0.10%^†	-	-	1 Year CD
0.10%^†	-	-	Business 12 - 23 Month CD
0.10%^†	-	-	3 Month CD - Bonus
0.10%^†	-	-	6 Month CD - Bonus
0.05%^†	-	-	3 Month CD
0.05%^†	-	-	6 Month CD
0.05%^†	-	-	Business 3 - 5 Month CD
0.05%^†	-	-	Business 6 - 11 Month CD
0.01%^†	-	-	Business 1 - 2 Month CD

Wells Fargo Bank IRA Rates

APY	MIN	MAX	ACCOUNT NAME
2.15%^†	$2,500	-	58 Month IRA Special - Bonus
2.10%^†	$2,500	-	58 Month IRA Special
2.10%^†	$2,500	-	39 Month IRA Special - Bonus
2.05%^†	$2,500	-	39 Month IRA Special
2.05%^†	$2,500	-	19 Month IRA Special - Bonus
2.00%^†	$2,500	-	19 Month IRA Special
1.02%^†	$2,500	-	9 Month IRA Special - Bonus
0.96%^†	$2,500	-	9 Month IRA Special
0.85%^†	-	-	60 - 71 Month IRA - Bonus
0.85%^†	-	-	72 - 144 Month IRA - Bonus
0.80%^†	-	-	60 - 71 Month IRA
0.80%^†	-	-	72 - 144 Month IRA
0.65%^†	-	-	48 - 59 Month IRA - Bonus
0.60%^†	-	-	48 - 59 Month IRA
0.45%^†	-	-	36 - 47 Month IRA - Bonus
0.40%^†	-	-	36 - 47 Month IRA
0.25%^†	-	-	24 - 35 Month IRA - Bonus
0.20%^†	-	-	24 - 35 Month IRA
0.15%^†	-	-	12 - 23 Month IRA - Bonus
0.10%^†	-	-	12 - 23 Month IRA
0.10%^†	-	-	3 - 5 Month IRA - Bonus
0.10%^†	-	-	6 - 11 Month IRA - Bonus
0.05%^†	-	-	3 - 5 Month IRA
0.05%^†	-	-	6 - 11 Month IRA

Locations

Availability

Sioux Falls Area

Sioux Falls Area bank & credit union details

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