SuperMoney
  Wells Fargo Special CD

Wells Fargo Special CD

in CD Accounts from Wells Fargo Bank · Member fdic

Unaffiliated

Wells Fargo Special CD

Unaffiliated

in CD Accounts from Wells Fargo Bank · Member FDIC

Not enough votes for recommendation

Not enough votes for recommendation

Cast your vote

Would you recommend Wells Fargo Special CD to your friends?

Thanks for your vote!

You voted: May or may not recommend

Highlights
Minimum Opening Deposit Starting at $5,000
Deposit Term N/A
APY (Annual Percentage Yield) 0.3%

Wells Fargo Special CD Review

Wells Fargo Special CD is offered by Wells Fargo Bank, a bank founded in 1852 and based in San Francisco, CA. Wells Fargo Special CD is available in 50 states (and Washington, DC).

Key Takeaways
  • Very high APY. This account offers an annual percentage yield of up to 0.3%, which is much higher than the national average for a CD account.
  • High minimum deposit. You must deposit a minimum of $5,000, which is high compared to most CD accounts.
Pros & Cons of Wells Fargo Special CD
Pros Cons
  • FDIC insured.
  • Available in all 50 states.
  • High-interest yield.
  • No charge on incoming domestic or international wire transfers.
  • There isn't a no-penalty CD option.
Wells Fargo Special CD FAQ

Are cd accounts from Wells Fargo Bank federally insured?

Yes, your Wells Fargo Bank cd accounts are insured up to $250,000 per person by the Federal Deposit Insurance Corporation (FDIC). The FDIC is an independent agency of the United States government that protects you against the loss of your insured deposits if an FDIC-insured bank or savings association fails. FDIC insurance is backed by the full faith and credit of the United States government.

What types of CDs does Wells Fargo Bank offer?

Wells Fargo Special CD provides the following types of CDs.
  • Traditional CDs. These CDs pay a fixed interest rate i you deposit a fixed amount of money for a specific term. Once the maturity date arrives, you have the option of cashing out or rolling over the CD for another term.
  • Jumbo CDs. A jumbo CD requires a higher minimum balance than that required by traditional CDs. In exchange, jumbo CDs pay higher interest rates.
  • IRA CDs. An IRA CD is a type of IRA that consists entirely of CDs. In general, you can invest in CDs in any IRA, but Wells Fargo Special CD offers a CD that is specifically for retirement.

What CD rates does Wells Fargo Bank offer on its CDs?

The CD rates for this account have an APY of0.3% (APY stands for annual percentage yield, rates may change).

What is the minimum deposit to open a CD account with Wells Fargo Bank?

Wells Fargo Special CD requires a minimum deposit of $5,000 to open an account.

What is the grace period for Wells Fargo Special CD?

There is a 7-day grace period for Wells Fargo Special CD. A grace period is a period of time during which you can withdraw the money in your CD without paying an early withdrawal penalty. A grace period starts the day after a CD’s maturity date, or the final day a CD is opened. Standard CDs renew automatically at the same term if you don't withdraw your money after the 7-day grace period. Note that the new CD rates probably won’t be the same as the original.

What types of fees, such as early withdrawal penalties, does Wells Fargo Special CD charge?

Financial institutions don't typically charge many fees on CDs. However, most charge a fee if you choose to withdraw your money before the CD term ends.

Wells Fargo Bank does not charge an early withdrawal fee.

SuperMoney Disclosure: SuperMoney.com is an independent, advertising-supported service. The owner of this website may be compensated in exchange for featured placement of certain sponsored products and services, or your clicking on links posted on this website. Read more...
Editorial Disclaimer: Editorial and user-generated content on this page is not provided or commissioned by the issuer. Opinions expressed here are the author’s alone and have not been approved or otherwise endorsed by any financial institution, including those that are advertising partners.

Message From Wells Fargo Bank

Wells Fargo’s reputation as one of the world’s great companies for integrity and principled performance depends on our doing the right thing, in the right way, and complying with the laws, rules and regulations that govern our business. We earn trust by behaving ethically and holding all team members and directors accountable for the decisions we make and the actions we take. The name Wells Fargo is forever linked with the image of a six-horse stagecoach thundering across the American West, loaded with gold. The full history, over more than 160 years, is rich in detail with great events in America’s history. From the Gold Rush to the early 20th Century, through prosperity, depression and war, Wells Fargo earned a reputation of trust due to its attention and loyalty to customers.

With a Wells Fargo CD, you can enjoy financial security knowing your funds are FDIC-insured up to the maximum allowable limits. Investing in a CD can provide peace of mind whether you're saving for tomorrow, next year's projects, college tuition, or retirement.

Availability

  Available in 50 states and Washington, D.C.
  • Alaska
  • Alabama
  • Arkansas
  • Arizona
  • California
  • Colorado
  • Connecticut
  • Washington, DC
  • Delaware
  • Florida
  • Georgia
  • Hawaii
  • Iowa
  • Idaho
  • Illinois
  • Indiana
  • Kansas
  • Kentucky
  • Louisiana
  • Massachusetts
  • Maryland
  • Maine
  • Michigan
  • Minnesota
  • Missouri
  • Mississippi
  • Montana
  • North Carolina
  • North Dakota
  • Nebraska
  • New Hampshire
  • New Jersey
  • New Mexico
  • Nevada
  • New York
  • Ohio
  • Oklahoma
  • Oregon
  • Pennsylvania
  • Rhode Island
  • South Carolina
  • South Dakota
  • Tennessee
  • Texas
  • Utah
  • Virginia
  • Vermont
  • Washington
  • Wisconsin
  • West Virginia
  • Wyoming

Feature Breakdown

Minimum Opening Deposit Starting at $5,000
APY (Annual Percentage Yield) 0.3%
CD Accounts
  • Traditional
  • Jumbo
  • IRA
Grace Period for Account Changes 7 days

Be the first to rate

 

Would you recommend Wells Fargo Special CD to your friends?

Before we publish your vote:

Please explain your vote by sharing your experience.

Writing a review increases the credibility of your vote and helps your fellow users make a better-informed decision.

Please write a review to submit your vote
Cancel my vote
(will require moderator approval)

Wells Fargo Bank CD Accounts

Loading...