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Wells Fargo Review: Great Loyalty Perks, Diverse Offerings, and a Large Branch Network

Review Updated
Kailey Hagen
Robin Hartill, CFP
By: Kailey Hagen and Robin Hartill, CFP

Our Banking Experts

Nathan Alderman
Check IconFact Checked Nathan Alderman
Many or all of the products here are from our partners that compensate us. It’s how we make money. But our editorial integrity ensures our experts’ opinions aren’t influenced by compensation. Terms may apply to offers listed on this page. APY = Annual Percentage Yield

Poll a group of Wells Fargo customers about their experiences with the bank and you'll probably get a mixed bag. But there's no denying it offers some alluring perks you won't find with many competitors, like debit cards for savings account owners and discounts on loan products for customers with multiple accounts. Check out our full Wells Fargo review below to decide if it's right for you.

Offer image for

Wells Fargo

Rating image, 4.00 out of 5 stars.
4.00/5 Circle with letter I in it. Our ratings are based on a 5 star scale. 5 stars equals Best. 4 stars equals Excellent. 3 stars equals Good. 2 stars equals Fair. 1 star equals Poor. We want your money to work harder for you. Which is why our ratings are biased toward offers that deliver versatility while cutting out-of-pocket costs.
= Best
= Excellent
= Good
= Fair
= Poor
Bottom Line

Wells Fargo offers a variety of banking accounts and relationship benefits, including rare perks like loan discounts to those with multiple accounts. It's also one of the few banks to offer a debit card to savings account customers, and its branch network shines with a large national footprint.

Pros
  • Variety of checking accounts
  • Relationship benefits for loyal customers
  • Debit card with savings accounts
  • Ability to bank all in one place
Cons
  • Checking account fees
  • Low APYs
  • Poor customer service ratings
  • No long-term CDs
  • High overdraft fees

Wells Fargo savings accounts review

Wells Fargo offers two savings accounts, the Way2Save® Savings account and the Platinum Savings account.

Wells Fargo Way2Save® Savings

The Way2Save® Savings account is the better choice for teenagers and those who usually don't keep much money in savings. It has a $5 monthly fee, which can be waived in several easy ways

The interest rate is below the national average. Nevertheless, Wells Fargo tries to make up for it with other features you don't often see in brick-and-mortar savings accounts. For example, this account includes a debit card for direct access to cash.

It also offers automatic savings tools, like Save As You Go® transfers. If you have this feature enabled, Wells Fargo will automatically transfer $1 from your linked Wells Fargo checking account to your Way2Save® Savings account whenever you make a nonrecurring debit card purchase or pay a bill online.

Wells Fargo Platinum Savings

The Wells Fargo Platinum Savings account is the smarter option for those interested in doing all of their banking with Wells Fargo.

This account includes a debit card. It also features automatic savings transfers. You can link your Platinum Savings account to your Wells Fargo checking account as well for overdraft protection.

The monthly maintenance fee is $12, though you can avoid it if you maintain a minimum daily balance of $3,500. Both the fee and the balance requirement to have the banking fee waived are much higher than with the Way2Save® Savings account. Make sure you are comfortable meeting these before you sign up.

High-yield savings account comparison

We recommend comparing high-yield savings account options to ensure the account you're selecting is the best fit for you. To make your search easier, here's a short list of standout accounts.

Show Best Offers Available in

Account APY Promotion Next Steps
up to 4.60%
Rate info Circle with letter I in it. You can earn the maximum APY by having Direct Deposit (no minimum amount required) or by making $5,000 or more in Qualifying Deposits every 30 days. See SoFi Checking and Savings rate sheet at: https://www.sofi.com/legal/banking-rate-sheet.
Min. to earn: $0
N/A
5.25%
Rate info Circle with letter I in it. To ensure you keep getting the highest rate at UFB, you'll need to keep an eye on their rates. Occasionally, the bank launches new accounts with higher rates. Existing accounts need to contact the bank to request being moved to one of these new accounts.
Min. to earn: $0
N/A
4.35%
Rate info Circle with letter I in it. 4.35% annual percentage yield as of March 1, 2024
Min. to earn: $1
N/A

Wells Fargo CD accounts

Wells Fargo offers one type of certificate of deposit (CD), explained in detail below.

Wells Fargo Standard CD

Wells Fargo Standard CDs give you the choice between a three-month, six-month, or one-year term, though additional terms may be available at your branch. Surprisingly, it doesn't offer traditional CDs with terms longer than one year, so it's not ideal for those who hope to build a CD ladder. Minimum balance requirements are not unreasonable, but they are a little higher than you see with some other banks. APYs are pretty low, even for those with larger balances.

Compare CD rates

Wells Fargo CD rates can't compete with the yields offered by online banks, nor do the banks standard CDs offer a flexible range of terms. We suggest reviewing alternatives to find the right CD account for you.

Rates as of
Bank & CD Offer APY Term Min. Deposit Next Steps
APY: 4.80% Term: 1 Year Min. Deposit:  $2,500
APY: 4.71% Term: 1 Year Min. Deposit:  $1
APY: 4.97% Term: 9 Months Min. Deposit:  $1
Member FDIC.
APY: 4.75% Term: 1 Year Min. Deposit:  $500
Huntington Bank Standard CD
Member FDIC.
APY: 0.05% Term: 1 Months Min. Deposit:  $1,000
Freedom Bank High-Yield CDs from Raisin
Member FDIC.
APY: 5.06% Term: 1 Months Min. Deposit:  $500
APY: 3.00% Term: 1 Months Min. Deposit: 
APY: 3.00% Term: 2 Months Min. Deposit: 
APY: 2.00% Term: 3 Months Min. Deposit:  $2,500
APY: 3.00% Term: 3 Months Min. Deposit:  $0
APY: 5.41% Term: 3 Months Min. Deposit:  $1
Freedom Bank High-Yield CDs from Raisin
Member FDIC.
APY: 5.10% Term: 3 Months Min. Deposit:  $500
Wells Fargo Standard CD
Member FDIC.
APY: Up to 4.51% Term: 3 Months Min. Deposit:  $2,500
APY: 3.00% Term: 3 Months Min. Deposit:  $500
APY: 3.50% Term: 3 Months Min. Deposit: 
First National Bank Standard CD
Member FDIC.
APY: 1.00% Term: 3 Months Min. Deposit:  $500
Huntington Bank Standard CD
Member FDIC.
APY: 0.05% Term: 3 Months Min. Deposit:  $1,000
APY: 4.90% Term: 5 Months Min. Deposit: 
Valley Bank
Member FDIC.
APY: 4.75% Term: 6 Months Min. Deposit: 
Member FDIC.
APY: 4.76% Term: 6 Months Min. Deposit:  $1,000
Member FDIC.
APY: 5.45% Term: 6 Months Min. Deposit:  $1,000
First National Bank Standard CD
Member FDIC.
APY: 1.00% Term: 6 Months Min. Deposit:  $500
Member FDIC.
APY: 5.00% Term: 6 Months Min. Deposit:  $2,500
APY: 5.23% Term: 6 Months Min. Deposit:  $1
All America Bank CD
Member FDIC.
APY: 4.75% Term: 6 Months Min. Deposit: 
Generations Bank CD
Member FDIC.
APY: 5.00% Term: 6 Months Min. Deposit:  $1,000
Generations Bank High-Yield CD from Raisin
Member FDIC.
APY: 5.21% Term: 6 Months Min. Deposit:  $1
APY: 5.10% Term: 6 Months Min. Deposit:  $2,500
APY: 4.95% Term: 6 Months Min. Deposit:  $500
Wells Fargo Standard CD
Member FDIC.
APY: Up to 2.51% Term: 6 Months Min. Deposit:  $2,500
Vanguard Brokered CD
Member FDIC.
APY: 5.15% Term: 6 Months Min. Deposit:  $1,000
Member FDIC.
APY: 5.00% Term: 6 Months Min. Deposit:  $1,000
APY: 4.40% Term: 6 Months Min. Deposit:  $0
Bask Bank CD
Member FDIC.
APY: 5.10% Term: 6 Months Min. Deposit:  $1,000
Huntington Bank Standard CD
Member FDIC.
APY: 0.10% Term: 6 Months Min. Deposit:  $1,000
APY: 4.00% Term: 6 Months Min. Deposit:  $1,000
APY: 5.05% Term: 6 Months Min. Deposit:  $500
APY: 4.25% Term: 6 Months Min. Deposit:  $2,500
APY: 4.80% Term: 6 Months Min. Deposit:  $0
NASA Federal Credit Union Share Certificate
Federally insured by NCUA.
APY: 4.50% Term: 6 Months Min. Deposit:  $1,000
APY: 4.35% Term: 6 Months Min. Deposit:  $0
Member FDIC.
APY: 5.05% Term: 6 Months Min. Deposit:  $500
Arvest Bank CD
Member FDIC.
APY: Up to 4.60% Term: 6 Months Min. Deposit:  $1,000
Fidelity CD
Member FDIC.
APY: 5.45% Term: 6 Months Min. Deposit:  $1,000
APY: 3.00% Term: 6 Months Min. Deposit:  $500
Member FDIC.
APY: 1.00% - 5.00% Term: 6 Months Min. Deposit:  $250.00
Republic Bank of Chicago CD
Member FDIC.
APY: 0.50% Term: 6 Months Min. Deposit:  $1,000
Member FDIC.
APY: 5.00% Term: 6 Months Min. Deposit:  $500
First Internet Bank of Indiana CD
Member FDIC.
APY: 5.22% Term: 6 Months Min. Deposit:  $1,000
First Tech CD
APY: up to 4.91% Term: 6 Months Min. Deposit:  $500
Member FDIC.
APY: 5.52% Term: 6 Months Min. Deposit: 
Salem Five Bank CD
Member FDIC.
APY: 5.00% Term: 6 Months Min. Deposit:  $10,000
APY: 3.80% Term: 6 Months Min. Deposit: 
APY: 4.00% Term: 6 Months Min. Deposit: 
Freedom Bank High-Yield CDs from Raisin
Member FDIC.
APY: 5.10% Term: 6 Months Min. Deposit:  $500
Member FDIC.
APY: 0.05% Term: 6 Months Min. Deposit:  $1,000
Arvest Bank CD
Member FDIC.
APY: Up to 5.05% Term: 7 Months Min. Deposit:  $1,000
APY: 5.00% Term: 7 Months Min. Deposit: 
First National Bank Special CD
Member FDIC.
APY: 5.20% Term: 7 Months Min. Deposit:  Up to $10,000
APY: 4.75% Term: 7 Months Min. Deposit:  $500
Huntington Bank Promotional CD
Member FDIC.
APY: 5.13% Term: 7 Months Min. Deposit:  $1,000
Member FDIC.
APY: 5.01% Term: 7 Months Min. Deposit:  $500
Wells Fargo Standard CD
Member FDIC.
APY: Up to 5.01% Term: 7 Months Min. Deposit:  $2,500
NASA Federal Credit Union High-Yield Certificate
Federally insured by NCUA.
APY: 5.55% Term: 9 Months Min. Deposit:  $10,000
Member FDIC.
APY: 3.75% Term: 9 Months Min. Deposit:  $500
APY: 5.15% Term: 9 Months Min. Deposit:  $2,500
Freedom Bank No Penalty CDs from Raisin
Member FDIC.
APY: 5.10% Term: 9 Months Min. Deposit:  $1
APY: 5.10% Term: 9 Months Min. Deposit:  $500
Member FDIC.
APY: 5.30% Term: 9 Months Min. Deposit:  $500
Huntington Bank Standard CD
Member FDIC.
APY: 0.10% Term: 9 Months Min. Deposit:  $1,000
APY: 4.25% Term: 9 Months Min. Deposit:  $2,500
Salem Five Bank CD
Member FDIC.
APY: 5.00% Term: 9 Months Min. Deposit:  $10,000
APY: 4.45% Term: 9 Months Min. Deposit:  $0
APY: 5.15% Term: 9 Months Min. Deposit:  $0
Generations Bank High-Yield CD from Raisin
Member FDIC.
APY: 5.31% Term: 10 Months Min. Deposit:  $1
Huntington Bank Promotional CD
Member FDIC.
APY: 4.86% Term: 11 Months Min. Deposit:  $1,000
APY: 4.50% Term: 11 Months Min. Deposit:  $0
Member FDIC.
APY: 4.90% Term: 11 Months Min. Deposit:  $1,000
APY: 4.25% Term: 1 Year Min. Deposit: 
First Tech CD
APY: up to 4.55% Term: 1 Year Min. Deposit:  $500
All America Bank CD
Member FDIC.
APY: 4.75% Term: 1 Year Min. Deposit: 
Generations Bank CD
Member FDIC.
APY: 5.20% Term: 1 Year Min. Deposit:  $1,000
Member FDIC.
APY: 5.35% Term: 1 Year Min. Deposit:  $1,000
Huntington Bank Standard CD
Member FDIC.
APY: 0.10% Term: 1 Year Min. Deposit:  $1,000
APY: 4.95% Term: 1 Year Min. Deposit:  $500
Vanguard Brokered CD
Member FDIC.
APY: 5.30% Term: 1 Year Min. Deposit:  $1,000
Member FDIC.
APY: 4.76% Term: 1 Year Min. Deposit:  $1,000
First Internet Bank of Indiana CD
Member FDIC.
APY: 5.35% Term: 1 Year Min. Deposit:  $1,000
Valley Bank
Member FDIC.
APY: 4.50% Term: 1 Year Min. Deposit: 
Member FDIC.
APY: 2.75% to 3.75% Term: 1 Year Min. Deposit:  $500
Member FDIC.
APY: 5.30% Term: 1 Year Min. Deposit:  $500
Member FDIC.
APY: 5.50% Term: 1 Year Min. Deposit: 
APY: 5.25% Term: 1 Year Min. Deposit:  $2,500
First National Bank Standard CD
Member FDIC.
APY: 1.00% Term: 1 Year Min. Deposit:  $500
APY: 4.75% Term: 1 Year Min. Deposit:  $1,000
Member FDIC.
APY: 5.35% Term: 1 Year Min. Deposit:  $1,500
Freedom Bank No Penalty CDs from Raisin
Member FDIC.
APY: 5.15% Term: 1 Year Min. Deposit:  $1
NASA Federal Credit Union Share Certificate
Federally insured by NCUA.
APY: 4.60% Term: 1 Year Min. Deposit:  $1,000
Arvest Bank CD
Member FDIC.
APY: Up to 5.10% Term: 1 Year Min. Deposit:  $1,000
Flushing Bank CD
Member FDIC.
APY: 5.00% Term: 1 Year Min. Deposit:  $1,000
APY: 1.50% Term: 1 Year Min. Deposit:  $500
APY: 4.90% Term: 1 Year Min. Deposit:  $0
APY: 5.15% Term: 1 Year Min. Deposit:  $500
APY: 3.75% Term: 1 Year Min. Deposit:  $0
APY: 5.00% Term: 1 Year Min. Deposit:  $5,000
Fidelity CD
Member FDIC.
APY: 5.45% Term: 1 Year Min. Deposit:  $1,000
Bask Bank CD
Member FDIC.
APY: 5.00% Term: 1 Year Min. Deposit:  $1,000
Republic Bank of Chicago CD
Member FDIC.
APY: 0.75% Term: 1 Year Min. Deposit:  $1,000
APY: 5.00% Term: 1 Year Min. Deposit:  $0
Salem Five Bank CD
Member FDIC.
APY: 5.55% Term: 1 Year Min. Deposit:  $10,000
Member FDIC.
APY: 5.15% Term: 1 Year Min. Deposit:  $2,500
Connexus Credit Union Share CD
APY: Up to 4.81 Term: 1 Year Min. Deposit:  $5,000
Member FDIC.
APY: 1.00% - 4.75% Term: 1 Year Min. Deposit:  $250.00
APY: 4.65% Term: 1 Year Min. Deposit:  $0
Member FDIC.
APY: 0.05% Term: 1 Year Min. Deposit:  $1,000
APY: 5.25% Term: 13 Months Min. Deposit: 
First National Bank Special CD
Member FDIC.
APY: 5.00% Term: 13 Months Min. Deposit:  Up to $10,000
Member FDIC.
APY: 4.65% Term: 13 Months Min. Deposit:  $1,000
APY: 5.15% Term: 13 Months Min. Deposit: 
Member FDIC.
APY: 5.25% Term: 13 Months Min. Deposit:  $1,000
Republic Bank of Chicago CD
Member FDIC.
APY: 4.33% Term: 13 Months Min. Deposit:  $1,000
SchoolsFirst Federal Credit Union CD
Federally insured by NCUA.
APY: 5.00% Term: 13 Months Min. Deposit:  $500
Member FDIC.
APY: 4.00% Term: 15 Months Min. Deposit:  $500
NASA Federal Credit Union High-Yield Certificate
Federally insured by NCUA.
APY: 5.30% Term: 15 Months Min. Deposit:  $10,000
Flushing Bank CD
Member FDIC.
APY: 4.60% Term: 15 Months Min. Deposit:  $1,000
Federally insured by NCUA.
APY: 5.10% Term: 16 Months Min. Deposit:  $500
APY: 4.50% Term: 1.5 Year Min. Deposit:  $0
Member FDIC.
APY: 4.60% Term: 1.5 Year Min. Deposit:  $1,000
Member FDIC.
APY: 5.00% Term: 1.5 Year Min. Deposit:  $2,500
Salem Five Bank CD
Member FDIC.
APY: 4.50% Term: 1.5 Year Min. Deposit:  $10,000
Huntington Bank Standard CD
Member FDIC.
APY: 0.10% Term: 1.5 Year Min. Deposit:  $1,000
APY: 1.00% Term: 1.5 Year Min. Deposit:  $0
Member FDIC.
APY: 4.60% Term: 1.5 Year Min. Deposit:  $1,000
Member FDIC.
APY: 2.85% Term: 1.5 Year Min. Deposit:  $500
APY: 4.80% Term: 1.5 Year Min. Deposit:  $500
Member FDIC.
APY: 0.05% Term: 1.5 Year Min. Deposit:  $1,000
APY: 4.60% Term: 1.5 Year Min. Deposit:  $1,000
APY: 4.50% Term: 1.5 Year Min. Deposit:  $0
APY: 4.70% Term: 1.5 Year Min. Deposit:  $0
APY: 4.27% Term: 1.5 Year Min. Deposit: 
APY: 4.75% Term: 1.5 Year Min. Deposit:  $500
First National Bank Standard CD
Member FDIC.
APY: 1.00% Term: 1.5 Year Min. Deposit:  $500
Member FDIC.
APY: 0.05% Term: 1.5 Year Min. Deposit:  $250.00
Member FDIC.
APY: 5.15% Term: 1.5 Year Min. Deposit:  $1,000
Member FDIC.
APY: 5.55% Term: 1.5 Year Min. Deposit: 
Republic Bank of Chicago CD
Member FDIC.
APY: 1.00% Term: 1.5 Year Min. Deposit:  $1,000
APY: 4.50% Term: 1.5 Year Min. Deposit:  $2,500
Member FDIC.
APY: 5.55% Term: 1.5 Year Min. Deposit:  $1,000
First Internet Bank of Indiana CD
Member FDIC.
APY: 5.07% Term: 1.5 Year Min. Deposit:  $1,000
APY: 1.50% Term: 1.5 Year Min. Deposit:  $500
Member FDIC.
APY: 2.00% Term: 1.5 Year Min. Deposit:  $500
APY: 4.90% Term: 1.5 Year Min. Deposit:  $2,500
Vanguard Brokered CD
Member FDIC.
APY: 5.20% Term: 1.5 Year Min. Deposit:  $1,000
APY: 4.45% Term: 1.5 Year Min. Deposit:  $0
Bask Bank CD
Member FDIC.
APY: 4.50% Term: 1.5 Year Min. Deposit:  $1,000
Fidelity CD
Member FDIC.
APY: 5.50% Term: 1.5 Year Min. Deposit:  $1,000
First National Bank Special CD
Member FDIC.
APY: 3.50% Term: 19 Months Min. Deposit:  Up to $10,000
APY: 4.50% Term: 2 Year Min. Deposit:  $500
First Internet Bank of Indiana CD
Member FDIC.
APY: 4.85% Term: 2 Year Min. Deposit:  $1,000
Member FDIC.
APY: 4.25% Term: 2 Year Min. Deposit:  $1,000
APY: 4.40% Term: 2 Year Min. Deposit:  $500
Salem Five Bank CD
Member FDIC.
APY: 3.25% Term: 2 Year Min. Deposit:  $10,000
Member FDIC.
APY: 4.65% Term: 2 Year Min. Deposit:  $1,500
APY: 4.00% Term: 2 Year Min. Deposit:  $2,500
Valley Bank
Member FDIC.
APY: 4.00% Term: 2 Year Min. Deposit: 
APY: 4.20% Term: 2 Year Min. Deposit:  $0
APY: 3.30% Term: 2 Year Min. Deposit:  $5,000
Bask Bank CD
Member FDIC.
APY: 4.50% Term: 2 Year Min. Deposit:  $1,000
APY: 4.40% Term: 2 Year Min. Deposit:  $1,000
Arvest Bank CD
Member FDIC.
APY: Up to 4.63% Term: 2 Year Min. Deposit:  $1,000
APY: 4.50% Term: 2 Year Min. Deposit:  $2,500
Member FDIC.
APY: 4.50% Term: 2 Year Min. Deposit:  $500
APY: 4.00% Term: 2 Year Min. Deposit:  $0
Member FDIC.
APY: 0.05% Term: 2 Year Min. Deposit:  $250.00
Fidelity CD
Member FDIC.
APY: 5.40% Term: 2 Year Min. Deposit:  $1,000
Republic Bank of Chicago CD
Member FDIC.
APY: 1.25% Term: 2 Year Min. Deposit:  $1,000
First Tech CD
APY: up to 2.25% Term: 2 Year Min. Deposit:  $500
Member FDIC.
APY: 5.40% Term: 2 Year Min. Deposit: 
APY: 1.50% Term: 2 Year Min. Deposit:  $500
Member FDIC.
APY: 0.05% Term: 2 Year Min. Deposit:  $1,000
Member FDIC.
APY: 5.40% Term: 2 Year Min. Deposit:  $1,000
Member FDIC.
APY: 4.50% Term: 2 Year Min. Deposit:  $2,500
All America Bank CD
Member FDIC.
APY: 4.25% Term: 2 Year Min. Deposit: 
Generations Bank CD
Member FDIC.
APY: 4.24% Term: 2 Year Min. Deposit:  $1,000
Connexus Credit Union Share CD
APY: Up to 4.56% Term: 2 Year Min. Deposit:  $5,000
APY: 4.00% Term: 2 Year Min. Deposit:  $0
APY: 4.30% Term: 2 Year Min. Deposit: 
First National Bank Standard CD
Member FDIC.
APY: 1.00% Term: 2 Year Min. Deposit:  $500
NASA Federal Credit Union Share Certificate
Federally insured by NCUA.
APY: 4.45% Term: 2 Year Min. Deposit:  $1,000
Huntington Bank Standard CD
Member FDIC.
APY: 0.10% Term: 2 Year Min. Deposit:  $1,000
Member FDIC.
APY: 2.00% Term: 2 Year Min. Deposit:  $500
Vanguard Brokered CD
Member FDIC.
APY: 5.10% Term: 2 Year Min. Deposit:  $1,000
First National Bank Special CD
Member FDIC.
APY: 3.50% Term: 25 Months Min. Deposit:  Up to $10,000
Member FDIC.
APY: 5.00% Term: 25 Months Min. Deposit:  $1,000
APY: 1.50% Term: 30 Months Min. Deposit:  $500
APY: 3.75% Term: 30 Months Min. Deposit:  $2,500
Member FDIC.
APY: 4.75% Term: 35 Months Min. Deposit:  $1,000
First National Bank Special CD
Member FDIC.
APY: 3.00% Term: 35 Months Min. Deposit:  Up to $10,000
APY: 3.35% Term: 3 Year Min. Deposit:  $5,000
APY: 3.75% Term: 3 Year Min. Deposit:  $2,500
Member FDIC.
APY: 4.40% Term: 3 Year Min. Deposit:  $500
APY: 3.50% Term: 3 Year Min. Deposit:  $0
APY: 4.00% Term: 3 Year Min. Deposit:  $2,500
Vanguard Brokered CD
Member FDIC.
APY: 5.00% Term: 3 Year Min. Deposit:  $1,000
All America Bank CD
Member FDIC.
APY: 3.75% Term: 3 Year Min. Deposit: 
Huntington Bank Standard CD
Member FDIC.
APY: 0.10% Term: 3 Year Min. Deposit:  $1,000
APY: 1.50% Term: 3 Year Min. Deposit:  $500
First National Bank Standard CD
Member FDIC.
APY: 1.00% Term: 3 Year Min. Deposit:  $500
APY: 1.15% Term: 3 Year Min. Deposit:  $0
Member FDIC.
APY: 5.15% Term: 3 Year Min. Deposit: 
First Internet Bank of Indiana CD
Member FDIC.
APY: 4.75% Term: 3 Year Min. Deposit:  $1,000
Member FDIC.
APY: 4.30% Term: 3 Year Min. Deposit:  $2,500
APY: 4.30% Term: 3 Year Min. Deposit:  $500
APY: 2.85% Term: 3 Year Min. Deposit: 
APY: 4.10% Term: 3 Year Min. Deposit:  $1,000
Member FDIC.
APY: 5.15% Term: 3 Year Min. Deposit:  $1,000
Member FDIC.
APY: 2.00% Term: 3 Year Min. Deposit:  $500
APY: 4.00% Term: 3 Year Min. Deposit:  $0
Republic Bank of Chicago CD
Member FDIC.
APY: 1.50% Term: 3 Year Min. Deposit:  $1,000
Salem Five Bank CD
Member FDIC.
APY: 2.00% Term: 3 Year Min. Deposit:  $10,000
NASA Federal Credit Union Share Certificate
Federally insured by NCUA.
APY: 4.35% Term: 3 Year Min. Deposit:  $1,000
APY: 4.15% Term: 3 Year Min. Deposit:  $0
Member FDIC.
APY: 0.05% Term: 3 Year Min. Deposit:  $250.00
Member FDIC.
APY: 4.15% Term: 3 Year Min. Deposit:  $1,000
Member FDIC.
APY: 0.10% Term: 3 Year Min. Deposit:  $1,000
Member FDIC.
APY: 4.25% Term: 3 Year Min. Deposit:  $1,500
APY: 4.25% Term: 3 Year Min. Deposit:  $500
First Tech CD
APY: up to 2.45% Term: 3 Year Min. Deposit:  $500
Fidelity CD
Member FDIC.
APY: 5.15% Term: 3 Year Min. Deposit:  $1,000
Member FDIC.
APY: up to 1.75% Term: 37 Months Min. Deposit:  $1
Member FDIC.
APY: 4.75% Term: 45 Months Min. Deposit:  $1,000
Salem Five Bank CD
Member FDIC.
APY: 2.25% Term: 4 Year Min. Deposit:  $10,000
First National Bank Standard CD
Member FDIC.
APY: 1.00% Term: 4 Year Min. Deposit:  $500
Member FDIC.
APY: 4.90% Term: 4 Year Min. Deposit:  $1,000
APY: 3.40% Term: 4 Year Min. Deposit:  $5,000
APY: 4.20% Term: 4 Year Min. Deposit:  $500
APY: 1.61% Term: 4 Year Min. Deposit: 
Member FDIC.
APY: 0.15% Term: 4 Year Min. Deposit:  $1,000
APY: 2.50% Term: 4 Year Min. Deposit: 
First Internet Bank of Indiana CD
Member FDIC.
APY: 4.54% Term: 4 Year Min. Deposit:  $1,000
Member FDIC.
APY: 4.90% Term: 4 Year Min. Deposit: 
Republic Bank of Chicago CD
Member FDIC.
APY: 1.50% Term: 4 Year Min. Deposit:  $1,000
Vanguard Brokered CD
Member FDIC.
APY: 5.05% Term: 4 Year Min. Deposit:  $1,000
APY: 3.50% Term: 4 Year Min. Deposit:  $0
APY: 4.05% Term: 4 Year Min. Deposit:  $1,000
APY: 4.00% Term: 4 Year Min. Deposit:  $0
Huntington Bank Standard CD
Member FDIC.
APY: 0.10% Term: 4 Year Min. Deposit:  $1,000
Fidelity CD
Member FDIC.
APY: 4.90% Term: 4 Year Min. Deposit:  $1,000
Member FDIC.
APY: 2.00% Term: 4 Year Min. Deposit:  $500
Member FDIC.
APY: 4.15% Term: 4 Year Min. Deposit:  $1,500
APY: 3.75% Term: 4 Year Min. Deposit:  $2,500
APY: 4.05% Term: 4 Year Min. Deposit:  $0
APY: 4.00% Term: 4 Year Min. Deposit:  $500
APY: 1.20% Term: 4 Year Min. Deposit:  $0
Member FDIC.
APY: 3.95% Term: 4 Year Min. Deposit:  $1,000
NASA Federal Credit Union Share Certificate
Federally insured by NCUA.
APY: 4.20% Term: 4 Year Min. Deposit:  $1,000
All America Bank CD
Member FDIC.
APY: 3.49% Term: 4 Year Min. Deposit: 
NASA Federal Credit Union High-Yield Certificate
Federally insured by NCUA.
APY: 4.60% Term: 49 Months Min. Deposit:  $10,000
First National Bank Special CD
Member FDIC.
APY: 3.00% Term: 52 Months Min. Deposit:  Up to $10,000
Member FDIC.
APY: 4.75% Term: 59 Months Min. Deposit:  $1,000
Republic Bank of Chicago CD
Member FDIC.
APY: 1.50% Term: 5 Year Min. Deposit:  $1,000
Member FDIC.
APY: 4.00% Term: 5 Year Min. Deposit:  $2,500
Huntington Bank Standard CD
Member FDIC.
APY: 0.10% Term: 5 Year Min. Deposit:  $1,000
Fidelity CD
Member FDIC.
APY: 4.85% Term: 5 Year Min. Deposit:  $1,000
Member FDIC.
APY: 2.00% Term: 5 Year Min. Deposit:  $500
APY: 4.00% Term: 5 Year Min. Deposit:  $2,500
APY: 3.75% Term: 5 Year Min. Deposit:  $0
First Tech CD
APY: up to 3.55% Term: 5 Year Min. Deposit:  $500
APY: 3.75% Term: 5 Year Min. Deposit:  $2,500
Vanguard Brokered CD
Member FDIC.
APY: 5.00% Term: 5 Year Min. Deposit:  $1,000
All America Bank CD
Member FDIC.
APY: 3.49% Term: 5 Year Min. Deposit: 
APY: 4.00% Term: 5 Year Min. Deposit:  $0
Member FDIC.
APY: 0.25% Term: 5 Year Min. Deposit:  $1,000
First National Bank Standard CD
Member FDIC.
APY: 1.50% Term: 5 Year Min. Deposit:  $500
Member FDIC.
APY: 4.80% Term: 5 Year Min. Deposit:  $1,000
APY: 4.10% Term: 5 Year Min. Deposit:  $500
First Internet Bank of Indiana CD
Member FDIC.
APY: 4.59% Term: 5 Year Min. Deposit:  $1,000
Member FDIC.
APY: 4.15% Term: 5 Year Min. Deposit:  $1,500
Member FDIC.
APY: 0.05% Term: 5 Year Min. Deposit:  $250.00
Member FDIC.
APY: 3.90% Term: 5 Year Min. Deposit:  $1,000
APY: 3.00% Term: 5 Year Min. Deposit:  $0
Salem Five Bank CD
Member FDIC.
APY: 2.25% Term: 5 Year Min. Deposit:  $10,000
APY: 1.50% Term: 5 Year Min. Deposit:  $500
APY: 3.25% Term: 5 Year Min. Deposit: 
APY: 4.00% Term: 5 Year Min. Deposit:  $500
APY: 4.00% Term: 5 Year Min. Deposit:  $0
Member FDIC.
APY: 4.80% Term: 5 Year Min. Deposit: 
APY: 3.45% Term: 5 Year Min. Deposit:  $5,000
APY: 3.90% Term: 5 Year Min. Deposit:  $0
Member FDIC.
APY: 4.30% Term: 5 Year Min. Deposit:  $500
NASA Federal Credit Union Share Certificate
Federally insured by NCUA.
APY: 4.10% Term: 5 Year Min. Deposit:  $1,000
APY: 3.95% Term: 5 Year Min. Deposit:  $1,000
Member FDIC.
APY: up to 2.00% Term: 61 Months Min. Deposit:  $1
First National Bank Special CD
Member FDIC.
APY: 3.00% Term: 61 Months Min. Deposit:  Up to $10,000
APY: 4.00% Term: 6 Year Min. Deposit:  $500
APY: 1.50% Term: 6 Year Min. Deposit:  $500
Huntington Bank Standard CD
Member FDIC.
APY: 0.10% Term: 6 Year Min. Deposit:  $1,000
APY: 3.75% Term: 7 Year Min. Deposit:  $2,500
APY: 3.75% Term: 10 Year Min. Deposit:  $2,500

Wells Fargo checking accounts review

Wells Fargo has four personal checking accounts. All checking accounts have a $25 minimum opening deposit. The bank also charges overdraft fees of $35 up to three times per business day to checking account customers who don't have overdraft protection.

Wells Fargo Clear Access Banking

This bank account has a $5 monthly fee that's waived if you're 24 years old or younger or if you link a Wells Fargo Campus ATM Card or Campus Debit Card to the account. Those under 24 years old don't pay a monthly fee at all. Like the Everyday Checking account, it offers online and mobile banking tools as well as a debit card for easy access to your funds. However, you can't write checks from the account.

Wells Fargo Everyday Checking

The Wells Fargo Everyday Checking account pairs well with the Way2Save® Savings account. The account has a $10 monthly maintenance fee that's waived if you maintain a $500 minimum daily balance or have $500 worth of electronic deposits. The account is also free if you're a college student with a linked Wells Fargo student bank account or if you're age 24 and younger. The account includes online and mobile banking tools, plus budgeting tools, and it comes with a debit card and check-writing capabilities.

Prime Checking

This account offers a modest rate of interest and special perks like discounted rates on some Wells Fargo loan products. It also has higher limits for transferring money between banks than its other checking accounts. But you have to keep a balance of $20,000 at the end of each statement period to avoid its $25 monthly fee.

Premier Checking

The Premier Checking account requires a $250,000 balance at the end of each statement period to avoid the account's $35 monthly service fee. You can only open a Premier Checking account by visiting a Wells Fargo branch in person. The account offers a higher level of relationship banking benefits and discounts than the Prime Checking account.

Checking account comparison

We recommend comparing checking account options to ensure the account you're selecting is the best fit for you. To make your search easier, here's a short list of standout accounts.

Show Best Offers Available in

Account APY Promotion Next Steps
0%
Min. to earn: N/A
Earn 1% cash back on up to $3,000 in debit card purchases each month (see details when you click 'Open Account')
0.50%
Rate info Circle with letter I in it. You can earn the maximum savings APY by having Direct Deposit (no minimum amount required) or by making $5,000 or more in Qualifying Deposits every 30 days. See SoFi Checking and Savings rate sheet at: https://www.sofi.com/legal/banking-rate-sheet.
Min. to earn: $0
Cash bonus up to $300 with direct deposit set up (see details when you click 'Open Account')
0.40% (up to 3.30%)
Rate info Circle with letter I in it. To earn the full APY, account holders must do all of the following: Receive monthly direct deposits totaling more than $1,500; make 10 transactions a month with your Axos debit card, or sign up for Axos's Personal Finance Manager; maintain an average daily balance of $2,500 per month in an Axos Invest Self Directed Trading Account; and use your Rewards Checking account to make your full monthly Axos Bank consumer mortgage, personal, or auto loan payment.
Min. to earn: Monthly direct deposits totaling at least $1,500
Use promo code AXOS300 and apply by June 30th, to earn up to a $300 bonus!

Wells Fargo customer service and experience

Wells Fargo scored second to last in the 2022 J.D. Power U.S. National Banking Satisfaction Study. This may be a source of concern for some potential customers, particularly those who are interested in a brick-and-mortar bank because they believe it offers superior customer service.

The bank's customer service may not affect your day-to-day experience, though, particularly if you're used to managing most of your money online.

Wells Fargo relationship benefits

Wells Fargo offers fee waivers on most of its accounts to customers who are able to meet certain requirements. It also offers higher interest rates to Prime Checking customers who open other accounts with the bank. Curiously, it doesn't extend these benefits to customers with other checking accounts.

Prime Checking customers can also look forward to additional perks, like discounts on Wells Fargo loans and investment accounts, as well as additional fee waivers if they maintain a certain balance. These are rarer perks that may appeal to those who are interested in Wells Fargo's services beyond banking.

Is Wells Fargo right for you?

Wells Fargo is a smart choice for you if:

  • You like being rewarded for being a loyal customer.
  • You enjoy banking in person and want access to a large branch network.
  • You want to do all of your banking and investing in one place.

FAQs

  • Wells Fargo is known for its convenience and offering a full suite of banking and credit products. However, it's also come under scrutiny multiple times for its practices, including a 2016 scandal involving the creation of phony bank accounts.

  • The money you deposit at Wells Fargo is safe because it's FDIC insured. In the event that any FDIC-insured bank fails, customers are guaranteed to get back deposits of up to $250,000 per depositor, per institution.

  • You can open most Wells Fargo checking and savings accounts online. However, there are a few exceptions. If you're younger than 18, you'll typically have to visit a branch to open an account. Opening a Premier Checking account also requires an in-person visit to a branch.

  • Wells Fargo has approximately 4,900 retail banking branches in the U.S., as well as approximately 12,000 ATMs.

Our Banking Experts