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A Wells Fargo Business Market Rate Savings account is for businesses with lower balances just starting to save or saving for unexpected expenses. Benefits include:
- Optional Overdraft Protection. Use your Business Market Rate Savings account to help protect your Wells Fargo business checking account from overdrafts
- Online access. Manage your accounts with Wells Fargo Business Online® and Wells Fargo Mobile®
- Convenience. Access approximately 4,600 Wells Fargo banking locations and more than 11,000 Wells Fargo ATMs
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Business Market Rate Savings
Minimum Opening Deposit: $25
| Balance | Standard Interest Rate | Annual Percentage Yield (APY) |
|---|---|---|
| $0 or more | 0.01% | 0.01% |
Monthly service fee
Avoid the $5 monthly service fee with one of the following each fee period:
- $300 minimum daily balance
- A total amount of $25 or more of automatic transfers from a Wells Fargo business checking account into this savings account
Monthly deposits
The following deposits are included at no charge:
- First 20 deposited items per fee period
- First $5,000 cash deposits processed per fee period
Minimum opening deposit: $25
Learn more about fees that apply to Savings accounts in the Business Account Fee and Information Schedule.
With Business Market Rate Savings you get:
- Interest compounded daily and paid monthly
- Check writing ability
- ATM access with a business ATM card or business deposit card
- FDIC insurance up to applicable limits
- Telephone access to our Small Business Customer Service, 7 days a week
Annual Percentage Yield (APY) and Annual Percentage Yield Earned (APYE): The Annual Percentage Yield (APY) is a percentage rate reflecting the total amount of interest paid on an account based on the interest rate and the frequency of compounding for a 365-day period. The Annual Percentage Yield Earned (APYE) is an annualized rate that reflects the relationship between the amount of interest actually earned on your account during the statement period and the average daily balance in the account for the statement period.
We calculate both your APY and APYE according to formulas established by federal regulations. The APYE appears on your account statement
