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The Wells Fargo savings account interest rate is 0.01% for its Way2Save option. That’s lower than the national average of 0.09%, and significantly worse than annual percentage yields, or APYs, on online savings accounts. (Those can be well above 2%.) While Wells Fargo’s overall star rating is 3.5 out of 5 stars, the Way2Save Savings Account earns 2.5 out of 5 stars.
If you have more money to deposit, Wells Fargo offers savings accounts with better interest rates, including a 12-month promotional 2.15% APY on deposits of at least $25,000.
» Skip ahead to see how Wells Fargo compares with two other banks.
Wells Fargo interest rate, fees
|Interest rate on balances||0.01%.|
|How it compares||The average national rate for savings accounts is 0.09% APY.|
|How to avoid monthly fees||
|Minimum opening deposit||$25.|
|Interest on balances for premium savings accounts||Up to 0.10% APY. Special promotional rate of 2.15% APY for one year on balances of at least $25,000. (APYs may vary depending on where you live.)|
» Check out high-interest rate options with