At a glance

3.6

Bankrate Score

CDs

Checking

Savings

MMA

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

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

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 money market 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.

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Wells Fargo banking products

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.

FEATURES

0.01% APY

APY last updated between 11/14 and 11/20.

$25 minimum balance for APY

$25 minimum deposit to open

Wells Fargo savings overview

Wells Fargo offers two savings accounts: Way2Save and Platinum Savings. This review covers the former.

Wells Fargo’s Way2Save savings account has a $25 initial deposit requirement and a $5 monthly service fee.

A few ways to avoid the fee are by:

Keeping at least $300 in this savings account.
Having one recurring transfer of at least $25 from your Wells Fargo checking account automatically transferred into your Way2Save Savings account.
Being under 25 years old and the primary person on the account.

Some helpful savings tools are built into the account, including one that automatically transfers $1 into savings whenever you make a debit purchase.

The account’s APY is below the national average and well below the best rates offered by other banks.

Pros

Just $25 is needed to open an account.
An ATM card is available.
There are multiple ways to avoid the monthly fee.
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 11/14 and 11/20.

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.

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 11/14 and 11/20.

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.

3.5

/5

See methodology Compare CD rates

SCORE BREAKDOWN

APY offering:

2.75%

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.

FEATURES

1.01% – 2.75% APY

APY last updated between 11/14 and 11/20.

$2,500 minimum balance for APY

$2,500 minimum deposit to open

3 months – 5 years

Wells Fargo CD overview

Wells Fargo offers three terms — three, six and 12 months — of standard CDs online with a minimum deposit requirement of $2,500. The bank may offer more CD terms in certain markets. The APYs on these CDs are solid, but you can easily find higher yields elsewhere. There’s a marginal bonus rate boost for having a Prime Checking account, Premier Checking account or a Private Bank Interest Checking account linked to your CD.

However, at the time of Bankrate’s review, Wells Fargo was offering three special CDs — a four-month, seven-month and an 11-month CD — with higher yields. These require a $5,000 minimum deposit.

All of those CDs — both standard and special — have an early withdrawal penalty of three months’ worth of interest.

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 11/14 and 11/20.

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.

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 11/14 and 11/20.

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.

Compare Offer

Wells Fargo money market overview

Despite having savings in its name, we see Wells Fargo’s Platinum Savings has the check-writing privileges of a money market account. So, we’ve reviewed this account as a money market account.

The Platinum Savings account offers check-writing privileges. A $12 monthly fee applies unless a minimum monthly balance of $3,500 is maintained.

You can earn an even higher yield when the Platinum Savings account is linked to a Premier Checking account, but you’ll need $100,000 to start earning a more robust APY. The APY increases by tier, with the highest APY offered on balances of $1 million or more, but the yield is still comparatively low.

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.

4.4

/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:

$500.00

4/5

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.

Wells Fargo checking overview

Wells Fargo has four checking accounts to choose from. We reviewed the Everyday Checking account.

Wells Fargo’s Everyday Checking account requires $25 to open. There’s a $10 monthly maintenance fee, but it can be waived numerous ways.

You can also waive the monthly fee by:

Maintaining a $500 minimum daily balance.
Having at least $500 in qualifying direct deposits during the statement cycle.
Being between ages 17 and 24 as the primary account holder.
Having a Campus ATM card from Wells Fargo or a Wells Fargo Campus debit card.

While many banks have eliminated or reduced their overdraft fees, the Everyday Checking account still charges a $35 overdraft fee, which is higher than the industry average.

Another checking option is the Clear Access Banking account for teens and students. The account’s $5 monthly fee is waived for 13- to 24-year-olds. The account doesn’t have overdraft fees since overdraft protection isn’t offered, but it also doesn’t have check-writing privileges.

There’s also an interest-bearing Prime Checking account, but you must have $20,000 in the account to avoid the $25 monthly fee.

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.
Clear Access Banking is an account that doesn’t have check-writing privileges.

Compare Offer

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	$2.50*
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 branches 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 over 12,000 ATMs across the country.

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

Low customer satisfaction. Wells Fargo consistently 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.

About Wells Fargo

Founded in 1852 as a bank and express delivery company, Wells Fargo offers a full range of banking services, including checking accounts, savings accounts, CDs, money market accounts, mortgages and other loans.

In 2016, the Consumer Financial Protection Bureau fined Wells Fargo $100 million for the widespread illegal practice of secretly opening unauthorized accounts. The violation forced the bank to amend its approaches to sales, such as by sending an email confirmation to customers after the opening of a deposit account.

With branches in 39 states and the District of Columbia, Wells Fargo may be a good fit if you value nearly nationwide access to your accounts. The bulk of its 4,000 branches are in California, Texas, Florida, North Carolina, New Jersey, Virginia, Pennsylvania and Georgia.

Learn more: Wells Fargo savings account rates

How Wells Fargo compares to other banks

Compare different account types offered by Wells Fargo. Annual percentage yields (APYs) shown were updated between Nov. 14, 2024 and Nov. 20, 2024.

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 Nov. 14, 2024 and Nov. 20, 2024.
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 Nov. 14, 2024 and Nov. 20, 2024.
2.75%	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’s one-year CD pays a competitive yield for its relationship rate CDs. But its standard rates are 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 on a few select terms.	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 a competitive 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: 2.1 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: 2.5 stars out of 5 2.5 Bankrate Money Market rating = 2.5/5 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: 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 Nov. 14, 2024 and Nov. 20, 2024.
0.05%	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.
$25	$125

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 CIBC Bank USA Agility Savings Account offers a very competitive yield. There’s no monthly fees, although you’ll need to have at least $1,000 to open an account.

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.	You won’t pay a monthly service fee with CIBC’s Agility savings account. You’ll earn a very competitive yield with this account.	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.	A $1,000 minimum opening deposit is required to open the CIBC Agility Savings account.	N/A

Selected bank Wells Fargo checking account Member FDIC Bankrate score Rating: 4.4 stars out of 5 4.4 Bankrate Checking rating = 4.4/5 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 Nov. 14, 2024 and Nov. 20, 2024.
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 $12 monthly fee. There’s a $10 overdraft fee for those not enrolled in Balance Connect.	N/A

Wells Fargo FAQs

Wells Fargo is best for customers who want a large branch network and easy ATM access. However, customers looking to park their money in a savings account or CD to help grow their savings should look elsewhere.
Yes. Despite recent scandals, Wells Fargo has been around for more than 150 years. Deposits are insured by the Federal Deposit Insurance Corp. (FDIC) for up to the limit allowed by law, currently $250,000 per depositor, per account, per ownership category.
Wells Fargo is best known for its large brick-and-mortar banking footprint, which includes most states and the District of Columbia. It’s also known for getting into trouble, having been the subject of hefty fines by various financial regulators for illegal practices.

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 11/14 and 11/20. APY last updated between 11/14 and 11/20	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.
11/05/2024	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%
01/09/2024	0.01%	0.58%
01/02/2024	0.15%	0.58%
12/05/2023	0.15%	0.57%
11/21/2023	0.15%	0.61%

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 11/14 and 11/20. APY last updated between 11/14 and 11/20	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.
11/05/2024	1.50%	1.43%
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%
02/06/2024	2.00%	1.42%
12/05/2023	2.00%	1.43%
11/21/2023	2.00%	1.45%

Wells Fargo Bank Review 2024

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Wells Fargo has 23 reviews

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