Savings Accounts and CDs
Choose a savings account
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Way2Save® Savings
Saving as you spend with Save As You Go® automatic transfers
$5 How to avoid the fee each fee period
Optional Overdraft Protection for your checking account
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Platinum Savings
Savings with the option to write checks
$12 Avoid the fee with a $3,500 minimum daily balance each fee period
Optional Overdraft Protection for your checking account
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Wells Fargo CDs
An alternative way to grow your savings with higher interest rates
Flexible term options from 3 months to a year or more
No monthly service fee
Not sure which savings account is best for you?
Savings FAQs
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Overdraft Protection is not available for Clear Access Banking accounts.
The monthly service fee for Wells Fargo Fixed Rate CDs is $0. The minimum opening deposit for a Standard Fixed Rate CD is $2,500, unless otherwise noted. The minimum opening deposit is subject to change, as shown on wellsfargo.com/savings-cds/rates.
You may pay an early withdrawal penalty or a Regulation D penalty if you withdraw funds from your account before the term is complete. Some exceptions may apply. Penalties could reduce earnings on this account. The early withdrawal penalty amount is calculated and deducted from any earned interest. If the penalty is greater than the earned interest, the remaining penalty amount is deducted from the principal of the account.
The Regulation D penalty is seven days’ simple interest on the amount withdrawn and applies to:
- Withdrawals made within seven days of account opening including the day the account was opened.
- Withdrawals made during the grace period, when additional deposits are made during the grace period and the withdrawal exceeds the amount of the matured CD balance.
- Withdrawals within seven days of any prior withdrawal where the Bank’s early withdrawal penalty is not applied.
Other than the Regulation D penalty described above, any money withdrawn from the CD before the end of its term will be subject to an early withdrawal penalty based on the length of the CD term. If your term is:
- Less than 90 days (or less than 3 months), the penalty is 1 month's interest,
- 90 to 365 days (or 3-12 months), the penalty is 3 months' interest,
- Over 12 months through 24 months, the penalty is 6 months' interest, or
- Over 24 months, the penalty is 12 months' interest.
See the Consumer Account Fee and Information Schedule and Deposit Account Agreement for additional consumer account information.
Fees may reduce earnings. Interest rates are variable and may be changed by the Bank at any time.
When you have the Save As You Go transfer option, each time you (or any authorized signer or joint owner) use your debit card for a one-time purchase or complete a Bill Pay transaction through online banking, and the one-time debit card purchase or Bill Pay transaction posts to the account, we’ll automatically transfer $1 from your linked Wells Fargo checking account to your Way2Save Savings account. We may determine through our sole discretion if a particular transaction is a qualifying transaction. At the end of each business day, we count your qualifying transactions and multiply them by $1. Then we process that amount as a single transfer on the next business day. If your checking account does not have available funds, is overdrawn, or Overdraft Protection was initiated, the transfer won’t occur.
The fee period is the period used to calculate the monthly service fee. The fee period details are provided on the Monthly Service Fee Summary located in your account statement.
Deposit products offered by Wells Fargo Bank, N.A. Member FDIC.
QSR-12042026-8039929.1.1
LRC-0625
