Wells Fargo Bank
Popular Accounts at this Bank
| APY | ACCOUNT TYPE | ACCOUNT NAME |
|---|---|---|
| 0.95% | 5-year CD | 58 Month CD Special 2.25% - Bank of Internet USA 60 Month CD |
| 0.05% | 1-year CD | 1 Year CD 1.50% - Ally Bank No Penalty 11-Month CD |
| 0.01% | Savings | Platinum Savings - Standard Interest Rate |
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.
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Wellsfargo on th go!
I can say that my experience with the online features of this bank was very smooth and hassle free. This is where my company deposits their pay to me, my businesses too and other form of transactions so it's a hassle for me if I have to go to the bank physically and update my account for any deposits made. All I have to do is log on to their website and have my account summary just like that, it's very convenient and easy to use. I also have tried contacting there customer service for some questions regarding my account and they replied quickly on that same day, it took them at least 4 hours to respond to me but that's okay, that's a lot better than physically going to there banks.
Good overall bank
I have used Wells Fargo for about 3 years now. I have used them for a checking account and a mortgage. Their mortgage was easy to pay using a transfer from my checking account onto the mortgage balance. There checking account does have maintenance fees which is a negative, but they can be waived it you reach certain requirements within your checking account each month such as debit card transactions or direct deposit. I would recommend them to anyone looking for a local bank.
Careful
When banking with Wells Fargo, be extremely careful to keep all your receipts. I deposited a cash amount of one thousand dollars, I forgot to get my receipt. i went to buy something and there was no money in my account. I quickly went to the bank and it took five days to get my deposit situated. and I had to go with out my money or any money until they resolved the issue. On top of that , I had to wait an additional seven to ten days to get my money back into my account. I closed my account and will never go there again. I would actually consider maybe the old time "money in a sock" method.
Wells Fargo's Disgustingly Immoral Business Practices
I work for a small business that had been with Wells Fargo for years. We never really had an issue with them until the last few months. In light of the scandal it seems they are doing anything in their power to prey on customers. Being that we were with them for awhile, they knew the flow of our financials all to well. Every month we have a few hundred thousand coming in an a few going out. Around the 20th when sales tax is due and a few other large expenses they knew our account would reach just under $10,000. We recieve funding checks from other financial institutions on customer vehicle purchases. A few months ago I went to the local branch to do my routine deposit on the 22nd. My deposit consisted of a check for close to $9,000 from PFS Financial and a check for $4000 from Nicholas Financial. Now mind you these are the same checks that I have deposited for years. All of a sudden a 7 day hold was placed on my deposit. I was confused and seriously upset. They knew our flow of income and expenses. They knew that placing a hold during that time of the month would wreak havoc. Needless to say they were complete assholes and wouldn't release the hold even after 4 appointments with the business banker. I kept getting dodged by the bank manager and the customer service bankers were even being cold towards me. They ended up collecting their overdraft fees, I felt really let down and pissed off. We went and opened an account at another bank but I didn't close the Wells account. We had been there so long and so many transactions would take time to transition to a new bank. We overcame that but then they did it again. They held more deposits. These deposits are not checks from individual people, they are checks from other banks!!!! But being that they created the overdrafts on the first hold they had an excuse to hold again. They had no right or reason to hold my deposit the first time and had they let the deposit go through like they have been for years no overdrafts would've occured. I don't understand what is going on with Wells but I feel bullied by them and it's not right. Small businesses are what makes this country the greatest nation on the planet. The American dream choked by an asshole entity named Wells Fargo. They didn't destroy us but they sure as hell lost our business for life.
Data as of Q2 2017
Learn why bank health mattersHealth Grade Components
| Overall | |
|---|---|
| FDIC Certificate # | 3511 |
| Year Established | 1870 |
| Employees | 237944 |
| Primary Regulator | OCC |
| Profit Margin | |
|---|---|
| Return on Assets - YTD | 1.18% |
| Return on Equity - YTD | 12.89% |
| Annual Interest Income | $26.64B |
| Assets and Liabilities | ||
|---|---|---|
| Assets | Q2 2017vs Q2 2016 | $1,731.9B$1,699.4B |
| Loans | Q2 2017vs Q2 2016 | $938.5B$921.4B |
| Deposits | Q2 2017vs Q2 2016 | $1,359.8B$1,293.5B |
| Equity Capital | Q2 2017vs Q2 2016 | $163B$158.1B |
| Loan Loss Allowance | Q2 2017vs Q2 2016 | $10.28B$10.65B |
| Unbacked Noncurrent Loans | Q2 2017vs Q2 2016 | $9.92B$13.23B |
| Real Estate Owned | Q2 2017vs Q2 2016 | $765.0MM$1.04B |
Always verify rates and promotions with the bank or credit union. We are not Wells Fargo Bank; we are a rate comparison website and cannot provide official rates or promotions.
* 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 | VIEW DETAILS | |
|---|---|---|---|---|---|
| 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 | VIEW DETAILS | |
|---|---|---|---|---|---|
| 0.05%*† | $5k* | - | Portfolio by Wells Fargo | ||
| OTHER TIERS: 0.01% → Up to $5k | |||||
| 0.01%† | - | - | Preferred Checking | ||
Wells Fargo Bank CD Rates
| APY | MIN | MAX | ACCOUNT NAME | VIEW DETAILS |
|---|---|---|---|---|
| 1.01%† | $5k | - | 58 Month CD Special - Bonus | |
| 0.95%† | $5k | - | 58 Month CD Special | |
| 0.95%† | $5k | - | Business 58 Month CD Special | |
| 0.80%† | $5k | - | 39 Month CD Special - Bonus | |
| 0.75%† | $5k | - | Business 39 Month CD Special | |
| 0.75%† | $5k | - | 39 Month CD Special | |
| 0.70%† | $5k | - | 19 Month CD Special - Bonus | |
| 0.65%† | $5k | - | 19 Month CD Special | |
| 0.65%† | $5k | - | Business 19 Month CD Special | |
| 0.35%† | - | - | Business 60 - 71 Month CD | |
| 0.35%† | - | - | Business 72 - 144 Month CD | |
| 0.30%† | $5k | - | 9 Month CD Special - Bonus | |
| 0.25%† | - | - | Business 48 - 59 Month CD | |
| 0.25%† | $5k | - | Business 9 Month CD Special | |
| 0.25%† | $5k | - | 9 Month CD Special | |
| 0.21%† | $2,500 | - | 24 Month Step Rate Bonus CD | |
| 0.20%† | - | - | Business 36 - 47 Month CD | |
| 0.16%† | $2,500 | - | 24 Month Step Rate CD | |
| 0.16%† | $1k | - | Business 24 Month Step Rate CD | |
| 0.15%† | - | - | Business 24 - 35 Month CD | |
| 0.10%† | - | - | 1 Year CD - Bonus | |
| 0.06%† | - | - | 3 Month CD - Bonus | |
| 0.06%† | - | - | 6 Month CD - Bonus | |
| 0.05%† | - | - | 1 Year CD | |
| 0.05%† | - | - | Business 12 - 23 Month CD | |
| 0.01%† | - | - | 3 Month CD | |
| 0.01%† | - | - | 6 Month CD | |
| 0.01%† | - | - | Business 3 - 5 Month CD | |
| 0.01%† | - | - | Business 6 - 11 Month CD | |
| 0.01%† | - | - | Business 1 - 2 Month CD |
Wells Fargo Bank IRA Rates
| APY | MIN | MAX | ACCOUNT NAME | VIEW DETAILS |
|---|---|---|---|---|
| 1.01%† | $2,500 | - | 58 Month IRA Special - Bonus | |
| 0.95%† | $2,500 | - | 58 Month IRA Special | |
| 0.80%† | $2,500 | - | 39 Month IRA Special - Bonus | |
| 0.75%† | $2,500 | - | 39 Month IRA Special | |
| 0.70%† | $2,500 | - | 19 Month IRA Special - Bonus | |
| 0.65%† | $2,500 | - | 19 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 | |
| 0.30%† | $2,500 | - | 9 Month IRA Special - Bonus | |
| 0.30%† | - | - | 48 - 59 Month IRA - Bonus | |
| 0.25%† | - | - | 48 - 59 Month IRA | |
| 0.25%† | $2,500 | - | 9 Month IRA Special | |
| 0.25%† | - | - | 36 - 47 Month IRA - Bonus | |
| 0.20%† | - | - | 36 - 47 Month IRA | |
| 0.20%† | - | - | 24 - 35 Month IRA - Bonus | |
| 0.15%† | - | - | 24 - 35 Month IRA | |
| 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 |
