Wells Fargo offers Certificates of Deposit (CDs) with competitive rates and flexible terms, catering to individuals looking to grow their savings with low-risk investments. CD rates at Wells Fargo vary depending on the term length, ranging from as short as 3 months to as long as 10 years. Typically, longer-term cd rates Wells Fargo yield higher interest rates, providing customers with the opportunity to earn more on their deposits over time.
Wells Fargo CD Rate are updated regularly to reflect current market conditions, ensuring that customers receive competitive returns on their investments. Customers can open a CD account with a minimum deposit requirement, allowing them to lock in their rate and benefit from fixed interest earnings until maturity. This makes Wells Fargo CDs a suitable choice for those seeking stability and predictable returns on their savings, backed by the reliability and security of a reputable financial institution.
Wells Fargo CD Rates Today
- Competitive Rates: Wells Fargo offers competitive interest rates on CDs, which vary based on the term and amount deposited.
- Fixed Terms: CDs are available with fixed terms ranging from 3 months to 10 years, providing flexibility for short-term or long-term savings goals.
- Minimum Deposit: Typically, Wells Fargo requires a minimum deposit to open a CD, with amounts varying depending on the type of CD and its term.
- Interest Compounding: Interest on Wells Fargo CDs can compound daily, monthly, quarterly, or annually, depending on the specific CD product.
- Early Withdrawal Penalties: Penalties may apply if funds are withdrawn before the CD maturity date, which can vary based on the original term.
- Special Offers: Periodically, Wells Fargo may offer promotional or special CD rates for new customers or specific deposit amounts.
- Online Management: Customers can manage their CDs online through Wells Fargo’s secure banking platform, including viewing account balances and transaction history.
- FDIC Insured: All Wells Fargo CDs are FDIC insured up to the maximum allowed by law per depositor, providing security and peace of mind.
- Renewal Options: At maturity, CDs may automatically renew for the same term or roll over into a different term CD based on customer preferences.
- Customer Support: Wells Fargo provides dedicated customer support for CD holders, assisting with account inquiries, renewals, and interest rate information.
Wells Fargo CD Rates Specials
The Wells Fargo offers several special CD rates with different terms and conditions. Here are some key details:
Special Fixed Rate CDs
- 4-Month CD:
- APY: 4.75%
- Relationship APY: 5.01%
- Renewal Term: 3 months
- 7-Month CD:
- APY: 4.75%
- Relationship APY: 5.01%
- Renewal Term: 6 months
- 11-Month CD:
- APY: 4.25%
- Relationship APY: 4.51%
- Renewal Term: 6 months
- Minimum Deposit: $5,000
- Penalty for Early Withdrawal: Varies by term length (e.g., 3 months’ interest for 90-365 day terms).
Standard Fixed Rate CDs
- 3-Month CD:
- APY: 2.50%
- Relationship APY: 2.51%
- 6-Month CD:
- APY: 2.50%
- Relationship APY: 2.51%
- 12-Month CD:
- APY: 1.50% (under $100,000), 2.00% (over $100,000)
- Relationship APY: 1.51% (under $100,000), 2.01% (over $100,000)
- Minimum Deposit: $2,500
- Penalty for Early Withdrawal: Similar to special CDs, penalties vary by term length (e.g., 3 months’ interest for 90-365 day terms).
Additional Features
- FDIC Insured: Yes, up to $250,000 per depositor per ownership category.
- Interest Compounding: Daily, typically paid monthly.
- Grace Period: 7 days for penalty-free withdrawals at maturity.
These CDs are designed to offer competitive interest rates with varying terms to suit different savings goals. For the best rates, maintaining a relationship with Wells Fargo through specific checking accounts can be beneficial.
Wells Fargo CD Interest Rates
Special Fixed Rate CDs
4-Month CD:
-
- APY: 4.75%
- Relationship APY: 5.01%
- Minimum Deposit: $5,000
- Renewal Term: 3 months
- Early Withdrawal Penalty:
- Less than 90 days: 1 month’s interest
- 90 to 365 days: 3 months’ interest
- Over 12 months: 6 to 12 months’ interest
7-Month CD:
-
- APY: 4.75%
- Relationship APY: 5.01%
- Minimum Deposit: $5,000
- Renewal Term: 6 months
- Early Withdrawal Penalty:
- Less than 90 days: 1 month’s interest
- 90 to 365 days: 3 months’ interest
- Over 12 months: 6 to 12 months’ interest
11-Month CD:
-
- APY: 4.25%
- Relationship APY: 4.51%
- Minimum Deposit: $5,000
- Renewal Term: 6 months
- Early Withdrawal Penalty:
- Less than 90 days: 1 month’s interest
- 90 to 365 days: 3 months’ interest
- Over 12 months: 6 to 12 months’ interest.
Standard Fixed Rate CDs
3-Month CD:
-
- APY: 2.50%
- Relationship APY: 2.51%
- Minimum Deposit: $2,500
- Early Withdrawal Penalty:
- Less than 90 days: 1 month’s interest
6-Month CD:
-
- APY: 2.50%
- Relationship APY: 2.51%
- Minimum Deposit: $2,500
- Early Withdrawal Penalty:
- 90 to 365 days: 3 months’ interest
12-Month CD:
-
- APY:
- Under $100,000: 1.50%
- Over $100,000: 2.00%
- Relationship APY:
- Under $100,000: 1.51%
- Over $100,000: 2.01%
- Minimum Deposit: $2,500
- Early Withdrawal Penalty:
- 90 to 365 days: 3 months’ interest
- Over 12 months: 6 months’ interest.
- APY:
Key Features:
- FDIC Insured: Yes, up to $250,000 per depositor per ownership category.
- Interest Compounding: Daily, typically paid monthly.
- Grace Period: 7 days for penalty-free withdrawals at maturity.
- Relationship APY: Available for customers with an eligible checking account linked to the CD.
- Special Interest Rates: Applicable to the initial term only; automatic renewal at standard rates unless otherwise notified.
- Early Withdrawal Penalty:
- For terms less than 90 days: 1 month’s interest
- For terms 90 through 365 days: 3 months’ interest
- For terms over 12 months to 24 months: 6 months’ interest
- For terms over 24 months: 12 months’ interest.