Wells Fargo CD Rates
Wells Fargo is a well known name in the financial world. Wells Fargo can trace its history back to the days of stage coaches, and today continues to offer a wide array of financial services. So, we here at Highest CD Rates Info decided to take a look at the Wells Fargo CD rates currently being offered.
Wells Fargo Bank basically offers two types of certificates of deposit: their Standard CDs and their Special Offer CDs. We will take a quick look at the Wells Fargo CD interest rates for both of these types of CDs.
The Wells Fargo Standard CDs start with a minimum deposit of $2,500, but have slightly higher rates if your minimum deposit is $10,000, and slightly higher rates still if you invest in a jumbo CD with a minimum investment of $100,000. The problem with these Standard CDs is, in our humble opinion, that the interest rates are just too low. The best CD rates that we found for the Standard CD is an Annual Percentage Yield (APY) of 2.35 percent for a 1 year 100,000 minimum deposit jumbo CD, and frankly, that’s lower than most of the other CDs that we have reviewed on this site (jumbo or not).
So, let’s move on to the Wells Fargo Bank CD rates on their Special Offer CDs. With these certificates of deposit, things start to get a little more interesting. The Wells Fargo Special Offer CDs all require a minimum deposit of $5,000. There is a 5 month Special CD with an Annual Percentage Yield of 2.60 percent, but honestly this is not that appealing to us either. There is also a 16 month Special CD with an APY of 3.20 percent, and a 25 month CD Special with an APY of 3.75 percent.
While those Special CD rates are an improvement over their Standard CD rates, they are still lower than many (if not most) of the other CDs that we have reviewed on this site. Also, it seems that there are not any Wells Fargo Bank CDs with a longer term than 25 months. However, you may find different rates and terms for your area than we did in ours, so be sure to check the Wells Fargo web site to see all of the offers available in your area.
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