Wells Fargo Savings Account Interest Rate:-The Wells Fargo savings account interest rate is 0.01% for its Way2Save goods. That’s following the national standard of 0.05% and significantly worse than annual interest yields, or APYs, on online savings accounts. (Those can be closer to 1.00%.) While Wells Fargo’s all-star rating is 3.5 out of 5 stars, the Way2Save savings account gets 3.0 out of 5 stars.
As one of the largest financial institutions in the U.S., Wells Fargo has millions of clients, 8,300 branches and 13,000 ATMs and offers both personal and business banking goods and services. What started as a simple banking service at the top of the gold rush in San Francisco turned this company into a global business. Although Wells Fargo has had a turbulent year — in April it was fined $1 billion for breaking the Consumer Financial Protection Act (CFPA) — it’s still one of the most internationally recognized brands in user banking.
Best savings accounts & rates of December 2020
Here are Bankrate’s selections for the best savings account rates from top online banks:
Best Overall Rate: Citibank – 0.70% APY
High Rate: Vio Bank – 0.66% APY
High Rate: Popular Direct – 0.65% APY
High Rate: Ally Bank – 0.60% APY
High Rate: American Express National Bank – 0.60% APY
High Rate: Synchrony Bank – 0.60% APY
High Rate: Comenity Direct – 0.60% APY
High Rate: Discover – 0.50% APY
High Rate: Marcus by Goldman Sachs – 0.50% APY
High Rate: Citizens Access – 0.50% APY
High Rate: Barclays Bank – 0.45% APY
High Rate: CIT Bank – up to 0.45% APY
High Rate: Capital One – 0.40% APY
High Rate: PurePoint Financial – 0.40% APY
Up to 0.02% APY for customers with a linked Wells Fargo Portfolio account. (APYs may vary depending on where you live.)
Which Wells Fargo savings account is best?
The WellsFargo Way2Save®
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