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

Bankrate scores are objectively determined by our editorial team. Our scoring formula weighs several factors consumers should consider when choosing financial products and services.

CDs

3.5 /5

Checking

4.0 /5

Savings

2.9 /5

MMA

2.0 /5

4.2

Customer Score

Star ranking and total number reflects the lifetime customer reviews received while this bank has been monitored by Bankrate.

See all 23 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

/5

See methodology Compare savings rates

SCORE BREAKDOWN

APY offering:

0.01%

1/5

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

Minimum balance for APY:

$25.00

5/5

The lowest deposit amount an account must have before it can earn interest.

Monthly service fee:

$5.00

5/5

A monthly charge a financial institution deducts from an account if certain requirements are not met.

Minimum balance to avoid fee:

$300.00

4/5

The lowest balance an account must maintain in order to avoid a fee.

Access to funds:

Great

5/5

A procedure that allows an individual or organization to access and manage the funds of another account holder.

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

APY last updated between 2/14 and 2/20.

National average APY

How do we get this data?

Bankrate independently tracks hundreds of APYs and product details for banking institutions nationwide. We retain the historical data of every rate we track in our database. If there are any gaps where we weren’t actively tracking a rate at the time, the graph will reflect the missing data.

Wells Fargo CDs

3.5

/5

See methodology Compare CD rates

SCORE BREAKDOWN

APY offering:

2.00%

3/5

APY, or annual percentage yield, is the yearly return on a bank or investment account. APY includes the effects of compounding interest. APYs are selected based on Bankrate reviews of the highest rates a bank offers between the term ranges of 7 and 17 months. This excludes jumbo CDs and applies when the minimum deposit is $25k or less.

Minimum deposit:

$2,500.00

3/5

The minimum deposit amount a financial institution requires in order to open a CD.

Range of term lengths:

3 mos – 5 yrs

5/5

A designated amount of time that funds must be held within a CD.

Early withdrawal penalty:

Good

4/5

A penalty incurred when funds have been withdrawn from a CD before its maturity date.

Offer no-penalty or bump-up CDs:

No

0/5

A CD that doesn’t incur a penalty if funds are withdrawn before its maturity date.

Offer IRA CDs:

Yes

5/5

An IRA account which consists of CDs that typically earns fixed interest over a specified period of time.

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

APY last updated between 2/14 and 2/20.

National average APY

Term length

How do we get this data?

Bankrate independently tracks hundreds of APYs and product details for banking institutions nationwide. We retain the historical data of every rate we track in our database. If there are any gaps where we weren’t actively tracking a rate at the time, the graph will reflect the missing data.

Wells Fargo Platinum Savings Account

2.0

/5

See methodology Compare MMA rates

SCORE BREAKDOWN

APY offering:

0.01%

1/5

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

Minimum balance for APY:

$25.00

5/5

The lowest balance an account must maintain in order to earn interest.

Monthly service fee:

$12.00

2/5

A monthly charge a financial institution deducts from an account if certain requirements are not met.

Minimum balance to avoid fee:

$3,500.00

2/5

The lowest amount an account must maintain in order to avoid a fee.

Check writing:

No

3/5

The ability to write a certain amount of checks within a statement cycle.

Debit/ATM access:

Good

4/5

The ability to withdraw funds from an account through the use of debit or ATM card.

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

4.5

/5

See methodology Compare checking rates

SCORE BREAKDOWN

Monthly service fee:

$10.00

5/5

A monthly charge a financial institution deducts from an account if certain requirements are not met.

Minimum balance to avoid fee:

$1,500.00

2/5

The lowest balance an account must maintain in order to avoid a fee.

Minimum deposit:

$25.00

5/5

The minimum deposit amount a financial institution requires in order to open a checking account.

Fee to use out-of-network ATM:

Average

3/5

A charge incurred when withdrawing funds from an ATM that is not in the bank's network.

Peer-to-peer payments:

Good

4/5

The ability to transfer funds directly between individuals using a digital platform or service.

Early direct deposit:

Great

5/5

The option to receive your paycheck or funds in your account before the official payment date.

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 Feb. 14, 2025 and Feb. 20, 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: Bankrate score 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 Feb. 14, 2025 and Feb. 20, 2025.
0.01%	0.01%
Minimum balance for APY
$25.00	$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

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.

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’s many branches and ATMs might also make this a good fit for people who live in a Chase market.	N/A
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. Many online banks don’t have monthly service fees. The Chase Savings account doesn’t earn a competitive yield.	N/A

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: Bankrate score 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 Feb. 14, 2025 and Feb. 20, 2025.
2.00%	0.01%
Minimum deposit
$2,500.00	$1,000.00
Term
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 pays an above-average yield for its one-year relationship rate CD. But its standard rate is well below the national average for one-year CDs. You’ll need at least $1,000 to open a Chase CD.

Wells Fargo CDs can be opened online. IRA CDs are offered.	Chase pays a relationship rate on its one-year CD. While the standard rates are not competitive, the relationship rates are above national averages.	N/A
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.	The Chase one-year CD has a yield that’s much lower than the national average. You’ll need an eligible Chase checking account to earn an above-average APY on a Chase one-year CD. You need $1,000 to open a Chase CD, which is more than the minimum at some other banks.	N/A

Selected bank Wells Fargo money market account Member FDIC Bankrate score Rating: 2 stars out of 5 2.0 Bankrate Money Market rating = 2.0/5 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: 3.4 stars out of 5 3.4 Bankrate Money Market rating = 3.4/5 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: Bankrate score 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 Feb. 14, 2025 and Feb. 20, 2025.
0.01%	0.25%
Minimum balance for APY
$10,000.00	$10,000.00
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

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.

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
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

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: Bankrate score 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 Feb. 14, 2025 and Feb. 20, 2025.
0.01%	0.01%
Minimum balance to open
$25.00	$100.00

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.

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
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

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.

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

Screen view

Desktop Mobile

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.

We want to know what you think about Wells Fargo

Do you have experience with Wells Fargo? Let us know your thoughts.

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 23 reviews

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

4.2

23 ratings

Star ranking and total number reflects the lifetime customer reviews received while this bank has been monitored by Bankrate. To help serve you with relevant information, the customer reviews shown below are limited to only those that this bank has received during the past 12 months.

Score breakdown

5 stars

43%

4 stars

43%

3 stars

4%

2 stars

4%

1 star

4%

Score by category

Overall Rating 4.2 / 5

Competitiveness of APY 3.8 / 5

Amount of fees 3.8 / 5

Customer support 4.1 / 5

Website / Mobile app 4.3 / 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

September 13, 2024

A minimum balance before a monthly fee will be charged and there isn't any overdraft protection program. I didn't have the option to choose. This bank purchased my original bank, Wachovia.

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 No

Checking Account Yes

Anonymous account holder

September 13, 2024

Their location is up my road. They are ran by great professional people I respect.

Score by category

Amount of fees 5 / 5

Competitiveness of APY 5 / 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 Yes

Checking Account No

Anonymous account holder

September 13, 2024

The staff is very knowledgeable and courteous. Lots of branches and ATMs.

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

September 13, 2024

I very much enjoy doing business with Wells Fargo Bank. Their customer service is excellent and it is easy to get a representative on the phone that has all of the knowledge on hand to answer any questions that I may have. Their rates are very competitive and their website is excellent and very user friendly. I had a recommendation from a friend to use this bank. I did a bit of research also to read customer reviews and they were very good regarding rates and customer service.

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) Yes

Money Market Account (MMA) Yes

Savings Account Yes

Checking Account Yes

Anonymous account holder

September 13, 2024

This bank has a lot of saving features and a lot of help for your financial needs!. Wells Fargo has great customer service and helps a lot with any questions you need.

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

September 13, 2024

They work with you on all of your financial needs regardless of income, and they try to work with you on building your portfolio if you don't know how. The customer service and product availability are all there. They are going into a new era of more customer service and great websites and good incentives for their credit and debit cards and accounts.

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

September 13, 2024

Online bankimg and great experience at bank. I've had nothing but positive experiences at bank.

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 No

Checking Account Yes

Anonymous account holder

September 13, 2024

They are an all around great bank to do business with. Customer service Location Family history with bank.

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 No

Anonymous account holder

September 13, 2024

Very easy to manage and no fees to rollover your accounts. My family has been part of wells Fargo for over 1005 years. We know the team at our local Wells Fargo office. Their banking products fit my needs.

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) Yes

Money Market Account (MMA) Yes

Savings Account Yes

Checking Account Yes

Anonymous account holder

September 13, 2024

It's ok. Close location.

Score by category

Amount of fees 3 / 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

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 between 2/14 and 2/20. APY last updated between 2/14 and 2/20	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.
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%
05/07/2024	0.01%	0.59%
04/02/2024	0.01%	0.58%
03/05/2024	0.01%	0.57%
02/27/2024	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 between 2/14 and 2/20. APY last updated between 2/14 and 2/20	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.
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%
04/09/2024	2.01%	1.42%
04/02/2024	2.00%	1.42%
03/12/2024	2.00%	1.43%
02/27/2024	2.00%	1.42%

Wells Fargo Bank Review 2025

The Bankrate promise

At a glance

Overview

Highlights:

Highlights:

Overall

Pros

Cons

Wells Fargo bank products

Wells Fargo Way2Save Savings Account

Pros

Cons

Rate history for Wells Fargo's Savings account

Wells Fargo CDs

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Cons

Rate history for Wells Fargo's CD accounts

Wells Fargo Platinum Savings Account

Pros

Cons

Wells Fargo Everyday Checking Account

Additional details and scores

Pros

Cons

How Wells Fargo compares to other banks

Bank fees

Customer experience

Customer support

Digital experience

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Wells Fargo customer reviews

Wells Fargo has 23 reviews

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