Read our Review of

Wells Fargo Bank Review 2025

Written by

Matthew Goldberg

Edited by

Yuliya Goldshteyn

Updated January 2, 2025

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At a glance

Overview

Wells Fargo may be a good fit for those who want access to a large network of branches and ATMs as well as a full-featured mobile banking app. Those seeking out high savings rates, however, may want to consider other options.

Highlights:

Digital Leader Large Branch Network

Highlights:

Digital Leader Large Branch Network

3.5

Bankrate Score

CDs

3.5 /5

Checking

4.0 /5

Savings

2.9 /5

MMA

2.1 /5

4.1

Customer Score

See all 51 consumer reviews

Overall

Wells Fargo is one of the biggest banks with locations in 39 states and the District of Columbia. But the bank has also faced heavy scrutiny by regulators in recent years for opening fake accounts and other offenses. While you won’t find attractive yields here, Wells Fargo’s checking account scores highly in our analysis.

Pros

Fees on checking accounts can easily be avoided.
Wells Fargo has eliminated non-sufficient funds (NSF) fees.
Wells Fargo offers early direct deposit.

Cons

Yields on certificates of deposit and savings accounts are generally low, like many big banks.
The Platinum Savings account has a steeper monthly fee if a specified balance isn’t maintained.
Wells Fargo still charges a $35 fee for overdrafting your account on most of its checking accounts.

Wells Fargo bank products

Wells Fargo Way2Save Savings Account

2.9

See methodology Compare savings rates

SCORE BREAKDOWN

APY offering:

0.01%

1/5

Minimum balance for APY:

$0.00

5/5

Monthly service fee:

$5.00

5/5

Minimum balance to avoid fee:

$300.00

4/5

Access to funds:

Great

5/5

Pros

Just $25 is needed to open an account.
An ATM card is available.
The account comes with automated savings tools.

Cons

Higher APYs are available at other banks and credit unions.
There are options to waive the monthly maintenance fee, but other banks offer higher APYs with fewer or no requirements to earn them.

Rate history for Wells Fargo's Savings account

See how rates for this account have changed over time. Interact with the trend lines to view APY by date.

Wells Fargo

APY

National average APY

How do we get this data?

Wells Fargo CDs

3.5

See methodology Compare CD rates

SCORE BREAKDOWN

APY offering:

2.00%

3/5

Minimum deposit:

$2,500.00

3/5

Range of term lengths:

3 mos – 5 yrs

5/5

Early withdrawal penalty:

Good

4/5

Offer no-penalty or bump-up CDs:

0/5

Offer IRA CDs:

Yes

5/5

Pros

Wells Fargo offers IRA CDs.
CDs can be opened online.
The special CDs offer competitive yields.

Cons

Some of the yields for the standard CDs are very low compared with what other banks offer.
Few CD terms are offered online.
Many online banks have lower minimum deposit requirements.
To earn the highest yield, you must either meet a high minimum deposit requirement or have a Premier, Prime or Private Bank Interest Checking account linked.

Rate history for Wells Fargo's CD accounts

See how rates for this account have changed over time. Select the CD term length from the dropdown and interact with the trend lines to view APY by date.

Wells Fargo

APY

National average APY

Term length

How do we get this data?

Wells Fargo Platinum Savings Account

2.1

See methodology Compare MMA rates

SCORE BREAKDOWN

APY offering:

0.01%

1/5

Minimum balance for APY:

$0.00

5/5

Monthly service fee:

$12.00

2/5

Minimum balance to avoid fee:

$3,500.00

2/5

Check writing:

Yes

5/5

Debit/ATM access:

Good

4/5

Pros

Minimum opening deposit is only $25.
The account has check-writing privileges.

Cons

A $3,500 minimum daily balance is required to avoid the $12 monthly service fee.
The highest yield offered requires at least $1 million to earn.
You can find higher yields at many online banks.

Wells Fargo Everyday Checking Account

4.0

See methodology Compare checking rates

SCORE BREAKDOWN

Monthly service fee:

$10.00

5/5

Minimum balance to avoid fee:

$1,500.00

2/5

Minimum deposit:

$25.00

5/5

Fee to use out-of-network ATM:

Average

3/5

Peer-to-peer payments:

Good

4/5

Early direct deposit:

Great

5/5

Overdraft fees:

Average

Rating: 3 stars out of 5

3/5

Charges applied when a customer spends more money than is available in their account, resulting in a negative balance.

NSF fees:

Great

Rating: 5 stars out of 5

5/5

Non-sufficient funds fees are incurred when a transaction is attempted without enough money in the account to cover it.

APY offering:

0.00%

Rating: 0 stars out of 5

0/5

APY, or annual percentage yield, is the yearly return on a bank or investment account. APY includes the effects of compounding interest.

ATM network:

Great

Rating: 5 stars out of 5

5/5

Accessibility to ATMs for account holders within a specific network or financial institution, facilitating cash withdrawals and transactions.

Pros

An Everyday Checking account can be opened with only $25.
The monthly fee is avoidable with $500 or more in monthly direct deposits.
You get all the features of modern banking through Wells Fargo’s mobile app, including person-to-person transactions through Zelle.

Cons

The Everyday Checking account charges a $10 monthly fee unless you meet certain criteria.
Wells Fargo’s Prime Checking account earns interest, but it requires at least $20,000 across linked accounts to avoid its $25 monthly fee.
For accounts with overdraft protection, the overdraft fee is a lofty $35.
The Clear Access Banking account doesn’t have check-writing privileges.

Compare more: Bankrate's best CD rates

How Wells Fargo compares to other banks

Compare different account types offered by Wells Fargo. Annual percentage yields (APYs) shown were updated between May 3, 2025 and May 9, 2025.

Selected bank Wells Fargo savings account Member FDIC Bankrate score Rating: 2.9 stars out of 5 2.9 Bankrate Savings rating = 2.9/5 Bankrate scores are objectively determined by our editorial team. Annual percentage yields (APYs), minimum opening deposit requirements and minimum balances to avoid monthly service fees are some of the things that make up Bankrate’s score.	Most comparable Chase Bank savings account Member FDIC Bankrate score Rating: 2.9 stars out of 5 2.9 Bankrate Savings rating = 2.9/5 Bankrate scores are objectively determined by our editorial team. Annual percentage yields (APYs), minimum opening deposit requirements and minimum balances to avoid monthly service fees are some of the things that make up Bankrate’s score. Read review	Search for or select a bank: Bank of America savings account Member FDIC Bankrate score 2.7 Bankrate Savings rating Bankrate scores are objectively determined by our editorial team. Annual percentage yields (APYs), minimum opening deposit requirements and minimum balances to avoid monthly service fees are some of the things that make up Bankrate’s score. Read review
APY APY, or annual percentage yield, is the yearly return on a bank or investment account. APY includes the effects of compounding interest. APYs last updated between May 3, 2025 and May 9, 2025.
0.01%	0.01%	0.01%
Minimum balance for APY
$0.00	$0.00	$0.00
Estimated earnings Interest earned calculation based on a $50,000 deposit amount for a period of 1 year and is rounded to the nearest dollar. Exact earnings are dependent on calendar year, balance, and compounding frequency. Minimum deposit rules may apply.
$5	$5	$5

The Wells Fargo Platinum Savings account has check-writing privileges. That might give you more payment flexibility than with other savings accounts. The bank doesn’t offer a debit card for this account.	The Chase Savings account is the bank’s standard savings account. It offers a yield well below the national average for savings accounts. The Chase Savings account has a $5 monthly maintenance fee. Starting every day with at least $300 or automatically transferring at least $25 per month from your Chase checking account to this savings account are two ways to waive the fee.	Bank of America has very low yields on its Bank of America Advantage Savings account. Its APY is well below the savings national average.

You can access your money through an ATM card with this account. The Platinum Savings account offers yields higher than the national average at all tiers.	Those who already bank with Chase might find it convenient to have a savings account at this bank. Chase has many branches and wide access to ATMs.	N/A You only need $100 to open Bank of America’s Advantage Savings account. Bank of America might be a good choice for you if its branches and ATMs are convenient to where you live.
You’ll need at least $1 million to earn Well Fargo’s top Platinum Savings account yield. But you can get that at other online banks with no minimum balance. There’s a $12 monthly service fee if you don’t keep at least $3,500 in the Platinum Savings account.	The Chase Savings account has a waivable $5 monthly maintenance fee. The Chase Savings account doesn’t earn a competitive yield.	N/A The account’s yield is very uncompetitive. You’ll need to qualify for the bank’s Platinum Honors Tier to earn its highest yield. And that APY is well below the national average.

Selected bank Wells Fargo CD Member FDIC Bankrate score Rating: 3.5 stars out of 5 3.5 Bankrate CD rating = 3.5/5 Bankrate scores are objectively determined by our editorial team. Annual percentage yields (APYs) and minimum deposits are some of the things that make up Bankrate’s score.	Most comparable Chase Bank CD Member FDIC Bankrate score Rating: 3 stars out of 5 3.0 Bankrate CD rating = 3.0/5 Bankrate scores are objectively determined by our editorial team. Annual percentage yields (APYs) and minimum deposits are some of the things that make up Bankrate’s score. Read review	Search for or select a bank: WebBank CD Member FDIC Bankrate score 2.4 Bankrate CD rating Bankrate scores are objectively determined by our editorial team. Annual percentage yields (APYs) and minimum deposits are some of the things that make up Bankrate’s score. Read review
APY APY, or annual percentage yield, is the yearly return on a bank or investment account. APY includes the effects of compounding interest. APYs last updated between May 3, 2025 and May 9, 2025.
2.00%	0.01%	4.00%
Minimum deposit
$2,500.00	$1,000.00	$2,500.00
Term
1 yr	1 yr	1 yr

Wells Fargo’s standard CD yields are higher than those from some other big banks, but much higher rates can be found elsewhere. Only three standard CD terms are available in some markets, although rates and terms offered can vary by region.	Chase has a wide range of terms available. The bank offers a higher relationship rate for those with a Chase personal checking account. You’ll need at least $1,000 to open a Chase CD.	WebBank offers five FDIC-insured CD terms ranging from six months to five years. All five CDs are available nationwide and require a $2,500 deposit. The yields are generally low, though at least one term offers a decent APY. You can easily find more competitive yields if you shop around. WebBank does not offer any specialty CDs, such as bump-up or no-penalty CDs.

Wells Fargo CDs can be opened online. IRA CDs are offered.	Chase pays a relationship rate. There is a wide range of terms offered, making Chase a good option if you want to build a CD ladder.	N/A WebBank offers six CD terms available nationwide.
You need at least $2,500 to open a standard CD at Wells Fargo. A limited number of terms are offered in some markets. Significantly higher APYs can be found at other banks.	Standard rates are much lower than the national average. You’ll need an eligible Chase checking account to earn a higher relationship rate. You need $1,000 to open a Chase CD, which is more than the minimum at some other banks.	N/A The bank doesn’t offer any specialty CDs. Many competitors offer a greater variety of terms. Most of the yields offered are relatively low.

Selected bank Wells Fargo money market account Member FDIC Bankrate score Rating: 2.1 stars out of 5 2.1 Bankrate Money Market rating = 2.1/5 Bankrate scores are objectively determined by our editorial team. Annual percentage yields (APYs), minimum opening deposit requirements and minimum balances to avoid monthly service fees are some of the things that make up Bankrate’s score.	Most comparable CIBC Bank USA money market account Member FDIC Bankrate score Rating: 3.5 stars out of 5 3.5 Bankrate Money Market rating = 3.5/5 Bankrate scores are objectively determined by our editorial team. Annual percentage yields (APYs), minimum opening deposit requirements and minimum balances to avoid monthly service fees are some of the things that make up Bankrate’s score. Read review	Search for or select a bank: Axos Bank money market account Member FDIC Bankrate score 3.5 Bankrate Money Market rating Bankrate scores are objectively determined by our editorial team. Annual percentage yields (APYs), minimum opening deposit requirements and minimum balances to avoid monthly service fees are some of the things that make up Bankrate’s score. Read review
APY APY, or annual percentage yield, is the yearly return on a bank or investment account. APY includes the effects of compounding interest. APYs last updated between May 3, 2025 and May 9, 2025.
0.01%	0.25%	0.25%
Minimum balance for APY
$0.00	$10,000.00	$0.00
Estimated earnings Interest earned calculation based on a $50,000 deposit amount for a period of 1 year and is rounded to the nearest dollar. Exact earnings are dependent on calendar year, balance, and compounding frequency. Minimum deposit rules may apply.
$5	$125	$125

Wells Fargo’s Platinum Savings offers check-writing privileges and an ATM card, which makes it more akin to a money market account than a savings account. The account offers a near rock-bottom yield, and comes with a $12 monthly fee to boot, which can only be waived by maintaining a minimum monthly balance of $3,500.	The CIBC Bank USA Personal Money Market Account offers a tiered APY structure, but the yields are low. There’s also a steep $15 monthly fee, though you can waive it by maintaining a balance above $2,500.	Axos Bank’s High Yield Money Market account offers the same paltry yield on all balances, much lower than the national average. There are no monthly fees or minimum balance requirements, and the account comes with check-writing privileges.

Wells Fargo’s money market account comes with check-writing privileges and an ATM card. Only $25 is required to open an account.	The account comes with an ATM card and check-writing privileges.	N/A There are no monthly fees. The account offers check-writing privileges.
Wells Fargo’s Platinum Savings offers an abysmal yield. The monthly fee can only be waived by maintaining a relatively large monthly balance.	Higher APYs can be found from other banks. There's a $15 monthly fee for accounts with less than $2,500.	N/A Yields are much lower than the national average; much higher yields are found easily by shopping around.

Selected bank Wells Fargo checking account Member FDIC Bankrate score Rating: 4 stars out of 5 4.0 Bankrate Checking rating = 4.0/5 Bankrate scores are objectively determined by our editorial team. Minimum balances to avoid monthly service fees, whether the bank has a monthly service fee, minimum opening deposit requirements, fees to use out-of-network ATMs and overdraft fees are some of the things that make up Bankrate’s score.	Most comparable Bank of America checking account Member FDIC Bankrate score Rating: 3.8 stars out of 5 3.8 Bankrate Checking rating = 3.8/5 Bankrate scores are objectively determined by our editorial team. Minimum balances to avoid monthly service fees, whether the bank has a monthly service fee, minimum opening deposit requirements, fees to use out-of-network ATMs and overdraft fees are some of the things that make up Bankrate’s score. Read review	Search for or select a bank: Chase Bank checking account Member FDIC Bankrate score 3.9 Bankrate Checking rating Bankrate scores are objectively determined by our editorial team. Minimum balances to avoid monthly service fees, whether the bank has a monthly service fee, minimum opening deposit requirements, fees to use out-of-network ATMs and overdraft fees are some of the things that make up Bankrate’s score. Read review
APY APY, or annual percentage yield, is the yearly return on a bank or investment account. APY includes the effects of compounding interest. APYs last updated between May 3, 2025 and May 9, 2025.
0.01%	0.01%	0.01%
Minimum balance to open
$25.00	$100.00	$0.00

Wells Fargo’s Everyday Checking requires a $25 minimum deposit and comes with a $10 monthly fee, which can be waived. Customers get access to mobile deposit, Bill Pay, Zelle and a debit card.	Bank of America’s Advantage Plus checking account can be opened with $100. There’s a $12 monthly fee, but there are multiple ways to waive it. Those not enrolled in Balance Connect can be charged an overdraft fee. Bank of America’s mobile app includes a virtual banking assistant called Erica.	Chase Total Checking includes features such as access to more than 15,000 ATMs and 4,700 branches across the U.S. The account has a monthly service fee of $12, which can be waived by meeting certain criteria, such as direct deposits totaling at least $500 each month or maintaining a minimum balance. This account offers customers a mobile app for managing finances as well as services like Zelle for money transfers.

There are multiple ways to waive the monthly fee. The account comes with a debit card. Customers can write checks from the account. Wells Fargo has more than 11,000 ATMs across the country.	Waiving the monthly fee is easy. An overdraft protection option called Balance Connect is available without fees. Customers get access to Bank of America’s mobile app, which comes with a suite of digital tools. Bank of America has about 15,000 ATMs nationwide.	N/A Customers have access to more than 15,000 ATMs and 4,700 branches across the U.S. Chase frequently offers sign-up bonuses for some of its accounts.
There’s a $10 monthly fee. The account is subject to a $35 overdraft fee.	There’s a $10 overdraft fee for those not enrolled in Balance Connect.	N/A Customers who don’t meet balance requirements face monthly service fees. The Chase Total Checking account does not earn interest.

Bank fees

Fee	Charged?
Overdraft fee	$35
Non-sufficient funds fee	None
Monthly maintenance fee	$5 - $35, depending on the account
Out-of-network ATM fee	$3*
Excessive transaction fee	None

*Non-international withdrawals

Find out: Tips to avoid common bank fees

Customer experience

Customer support

Physical presence. Wells Fargo has more than 4,000 locations across 39 states and the District of Columbia, allowing customers to take advantage of in-person banking in most states. There are also plenty of ATM locations, with more than 11,000 ATMs across the country.

Customer service. Wells Fargo offers 24/7 support over the phone and social media chat.

Low customer satisfaction. Wells Fargo scores below average in overall customer satisfaction, according to J.D. Power’s 2024 U.S. Retail Banking Satisfaction Study. Of note, the bank scored last among other big banks in the Northwest region and the New York Tri-State area for the second year in a row.

Video overview: Established with physical locations

All rates, features and offers shown in the media on this review were accurate at the time they were procured, but may have changed since recording. The content may also contain views and opinions that do not reflect those of Bankrate.

Digital experience

Highly rated mobile app. The Wells Fargo mobile app has high reviews from users on the Apple App Store and the Google Play Store. In addition to helpful budgeting tools, debt-to-income reports and spending reports, the app makes it easy to deposit checks, retrieve your monthly FICO score, and send money through Zelle. Moreover, Wells Fargo’s app lets you send money to non-Wells Fargo accounts easily, as you can add external accounts right on the app.

Fee notifications. Wells Fargo’s app doesn’t notify you when you’ll be charged a monthly fee. “Once, my savings account dipped below the minimum threshold to avoid the monthly account fee,” said a Bankrate staff member who uses Wells Fargo personally. “There was no notification that the account balance was lower than necessary to avoid the fee, which would’ve been helpful to know given it’s difficult to remember what fee rules are.

Features

Wells Fargo online banking account summary

Wells Fargo online banking account options

Wells Fargo online banking account statements hub

The above images were last updated on April 17, 2024.

Complaints

CFPB enforcement action. In 2022, Wells Fargo was fined $1.7 billion by the Consumer Financial Protection Bureau. Among other things, the CFPB found that Wells Fargo “unfairly froze multiple consumer accounts in instances of suspected fraud when lesser restraints were available; made deceptive claims as to the availability of waivers of monthly service fees; and unfairly charged overdraft fees even if the consumer had enough funds available in their account to cover the amount of the transaction at the time they made it.” In addition to the fine, Wells Fargo was ordered to pay more than $2 billion in redress.

Bankrate staff insights

"Overall, banking with Wells Fargo is stress-free, and I trust the security of my accounts and money,” said a Bankrate staff member with an account at Wells Fargo. “It’s my primary bank for paying my expenses, and the ability to transfer money to other sources makes it great for this. But as with most big banks, the interest rates are, no pun intended, uninteresting. The 0.15% rate on the savings account has driven me to utilize a separate online bank for my actual savings account to earn a competitive rate."

Disclosure: To enhance our product reviews, Bankrate employees often open accounts and provide feedback. They may have been compensated for their time and account maintenance, but this does not affect the integrity of their review.

Review methodology

With so many financial institutions to choose from, it can be hard to know who to trust. Bankrate’s ever-growing list of bank and credit union reviews is updated regularly. Our editorial team analyzes and reviews each institution across deposit products such as savings accounts, checking accounts, certificates of deposit (CDs) and money market accounts (MMAs). Banks are rated by important factors such as offered interest rates, fees, minimum balance requirements, access to funds and more.

We assign a score to each type of account and its features, weigh them carefully based on importance to account holders and determine an overall score. Read our full review methodology.

Wells Fargo customer reviews

Wells Fargo has 51 reviews

Dive into community reviews below and see what others think about Wells Fargo.

4.1

51 ratings

Score breakdown

5 stars

45%

4 stars

31%

3 stars

18%

2 stars

1 star

Score by category

Overall Rating 4.1 / 5

Competitiveness of APY 3.7 / 5

Amount of fees 3.8 / 5

Customer support 4.2 / 5

Website / Mobile app 4.4 / 5

Bankrate methodology disclosure

In July 2024, Bankrate collaborated with a third-party vendor to survey 1,200 bank account holders nationwide. Bankrate and our vendor collected and summarized account holder responses to five rating questions on a 5-point scale as well as open-ended reviews of the banking experience. Responses are based on individual account holder product details, and therefore cannot be verified for accuracy. Reviewers received an incentive for their feedback. Their ratings are unedited and have not been reviewed or approved by the associated bank or credit union, nor do these responses reflect Bankrate's own expert review of these banking products.

Community Reviews

See what users like you are saying about Wells Fargo.

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Anonymous account holder

March 25, 2025

It's easy and convenient, and I can conduct business over the phone.

Score by category

Amount of fees 4 / 5

Competitiveness of APY 4 / 5

Customer support 4 / 5

Website / Mobile app 4 / 5

Accounts held by this user

Certificate of Deposit (CD) No

Money Market Account (MMA) No

Savings Account Yes

Checking Account No

Anonymous account holder

March 25, 2025

My experience has been pretty good. They have a good app and great customer service.

Score by category

Amount of fees 2 / 5

Competitiveness of APY 3 / 5

Customer support 4 / 5

Website / Mobile app 4 / 5

Accounts held by this user

Certificate of Deposit (CD) No

Money Market Account (MMA) No

Savings Account Yes

Checking Account Yes

Anonymous account holder

March 21, 2025

I think it is as easy to use as other banks' websites and apps. Nothing revolutionary, just a good functional interface.

Score by category

Amount of fees 3 / 5

Competitiveness of APY 4 / 5

Customer support 3 / 5

Website / Mobile app 3 / 5

Accounts held by this user

Certificate of Deposit (CD) No

Money Market Account (MMA) No

Savings Account Yes

Checking Account Yes

Anonymous account holder

March 21, 2025

Overall had good experiences with the product and services. Can deposit checks from home.

Score by category

Amount of fees 4 / 5

Competitiveness of APY 3 / 5

Customer support 5 / 5

Website / Mobile app 5 / 5

Accounts held by this user

Certificate of Deposit (CD) No

Money Market Account (MMA) No

Savings Account Yes

Checking Account Yes

Anonymous account holder

March 21, 2025

Deposits are made easy on the app

Score by category

Amount of fees 4 / 5

Competitiveness of APY 4 / 5

Customer support 4 / 5

Website / Mobile app 5 / 5

Accounts held by this user

Certificate of Deposit (CD) No

Money Market Account (MMA) No

Savings Account Yes

Checking Account Yes

Anonymous account holder

February 24, 2025

You couldn't ask for better customer service. I have been with Wells for 4 years and olny had to call customer service once. They had the problem fixed quick fast and in a hurry.

Score by category

Amount of fees 3 / 5

Competitiveness of APY 4 / 5

Customer support 5 / 5

Website / Mobile app 4 / 5

Accounts held by this user

Certificate of Deposit (CD) No

Money Market Account (MMA) No

Savings Account No

Checking Account Yes

Anonymous account holder

February 24, 2025

Wells Fargo is great at being there if you need them they are reliable and supportive.

Score by category

Amount of fees 5 / 5

Competitiveness of APY 5 / 5

Customer support 5 / 5

Website / Mobile app 5 / 5

Accounts held by this user

Certificate of Deposit (CD) No

Money Market Account (MMA) No

Savings Account Yes

Checking Account Yes

Anonymous account holder

February 22, 2025

I have no complaints. I have used in person, over the phone, and in app support. I like the ease of using Zelle to send and recieve money. I like the ease of using bill pay to pay my bills and having the bill pay accounts saved in the app to make monthly paying easier. I like that my Yes - Savings automatically drafts funds into itself monthly.

Score by category

Amount of fees 5 / 5

Competitiveness of APY 3 / 5

Customer support 5 / 5

Website / Mobile app 5 / 5

Accounts held by this user

Certificate of Deposit (CD) No

Money Market Account (MMA) No

Savings Account Yes

Checking Account Yes

Anonymous account holder

February 22, 2025

I’ve had a great experience with them far as the perks and product experience with great costumer service and overall just professional

Score by category

Amount of fees 5 / 5

Competitiveness of APY 4 / 5

Customer support 5 / 5

Website / Mobile app 5 / 5

Accounts held by this user

Certificate of Deposit (CD) No

Money Market Account (MMA) No

Savings Account Yes

Checking Account Yes

Anonymous account holder

February 22, 2025

I do most of my banking on the app. I have reached out to customer service in-person & on the phone. It’s okay as far as satisfaction. No major complaints at this time other than I would prefer earning a higher interest rate.

Score by category

Amount of fees 4 / 5

Competitiveness of APY 4 / 5

Customer support 3 / 5

Website / Mobile app 4 / 5

Accounts held by this user

Certificate of Deposit (CD) No

Money Market Account (MMA) No

Savings Account Yes

Checking Account Yes

Date Bankrate gathers rate data either directly from our partners, or through our proprietary rate surveying service. The rate change date is based on when Bankrate received or captured the rate change and may differ from the actual date the rate changed.	Wells Fargo APY APY last updated 5/5/2025. APY last updated 5/5/2025	National average APY The “national average” is determined by Bankrate’s comprehensive national survey of savings accounts and CDs and reflects the monthly average APY for each product.
05/05/2025	0.01%	0.60%
04/07/2025	0.01%	0.59%
03/03/2025	0.01%	0.60%
02/03/2025	0.01%	0.61%
01/07/2025	0.01%	0.56%
10/01/2024	0.01%	0.57%
09/03/2024	0.01%	0.61%
05/14/2024	0.01%	0.59%

Date Bankrate gathers rate data either directly from our partners, or through our proprietary rate surveying service. The rate change date is based on when Bankrate received or captured the rate change and may differ from the actual date the rate changed.	Wells Fargo APY APY last updated 5/6/2025. APY last updated 5/6/2025	National average APY The “national average” is determined by Bankrate’s comprehensive national survey of savings accounts and CDs and reflects the monthly average APY for each product.
05/05/2025	1.01%	1.69%
04/07/2025	1.01%	1.65%
03/03/2025	1.01%	1.55%
02/14/2025	1.01%	1.54%
02/10/2025	1.50%	1.54%
02/03/2025	1.01%	1.54%
01/07/2025	1.50%	1.43%
11/05/2024	1.50%	1.42%
10/29/2024	1.01%	1.42%
10/22/2024	2.00%	1.42%
10/01/2024	1.50%	1.42%
09/24/2024	1.50%	1.43%
09/03/2024	2.00%	1.43%
08/06/2024	2.00%	1.44%
07/16/2024	2.00%	1.42%
07/15/2024	1.50%	1.42%
07/02/2024	2.00%	1.42%
06/04/2024	2.00%	1.43%
05/14/2024	2.00%	1.42%

Date Bankrate gathers rate data either directly from our partners, or through our proprietary rate surveying service. The rate change date is based on when Bankrate received or captured the rate change and may differ from the actual date the rate changed.	Wells Fargo APY APY last updated 5/5/2025. APY last updated 5/5/2025	National average APY The “national average” is determined by Bankrate’s comprehensive national survey of savings accounts and CDs and reflects the monthly average APY for each product.
05/05/2025	0.01%	0.60%
04/07/2025	0.01%	0.59%
03/03/2025	0.01%	0.60%
02/03/2025	0.01%	0.61%
01/07/2025	0.01%	0.56%
10/01/2024	0.01%	0.57%
09/03/2024	0.01%	0.61%
05/14/2024	0.01%	0.59%

Date Bankrate gathers rate data either directly from our partners, or through our proprietary rate surveying service. The rate change date is based on when Bankrate received or captured the rate change and may differ from the actual date the rate changed.	Wells Fargo APY APY last updated 5/6/2025. APY last updated 5/6/2025	National average APY The “national average” is determined by Bankrate’s comprehensive national survey of savings accounts and CDs and reflects the monthly average APY for each product.
05/05/2025	2.00%	1.45%
04/07/2025	2.00%	1.40%
03/03/2025	2.00%	1.30%
02/03/2025	2.00%	1.31%
01/07/2025	2.00%	1.26%
12/03/2024	2.00%	1.27%
11/05/2024	2.00%	1.28%
10/01/2024	2.00%	1.30%
09/24/2024	2.00%	1.29%
09/03/2024	2.50%	1.29%
08/06/2024	2.50%	1.26%
07/02/2024	2.50%	1.25%
06/04/2024	2.50%	1.24%
05/14/2024	2.50%	1.23%

Wells Fargo Bank Review 2025

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Wells Fargo bank products

Wells Fargo Way2Save Savings Account

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Rate history for Wells Fargo's Savings account

Wells Fargo CDs

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Rate history for Wells Fargo's CD accounts

Wells Fargo Platinum Savings Account

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Wells Fargo Everyday Checking Account

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How Wells Fargo compares to other banks

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Wells Fargo has 51 reviews

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