Last Updated: 04/18/2025
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Highlights
APY (Annual Percentage Yield)
Minimum Opening Deposit
Certificate Term
- 3 months
- 6 months
- 12 months
Wells Fargo CD Review
Key Takeaways
- Low APY. The maximum annual percentage yield for this account is only 0.02%.
- High minimum deposit. You must deposit a minimum of $2,500, which is high compared to most CD accounts.
- Limited selection of CD terms. Wells Fargo CD only offers three CD terms. This limits your options when trying to set up a CD ladder.
Pros & Cons of Wells Fargo CD
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Wells Fargo CD FAQ
Are CD from Wells Fargo Bank federally insured?
What types of CDs does Wells Fargo Bank offer?
Wells Fargo 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.
- Bump-up CDs. Bump-up CDs allow you to increase the interest rate you earn on your savings if the going interest rates rise. These CDs are useful in a changing interest rate environment.
- 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 CD offers a CD that is specifically for retirement.
What CD rates does Wells Fargo Bank offer on its CDs?
What terms does Wells Fargo CD offer?
Wells Fargo Bank offers CD terms of the following lengths:| Description | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Certificate Term |
| ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| 3-Month APY | 0.01% - 0.02% | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| 12-Month APY | 0.01% - 0.02% | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| APY (Annual Percentage Yield) | 0.01% - 0.02% | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| 6-Month APY | 0.01% - 0.02% | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
What is the minimum deposit to open a CD account with Wells Fargo Bank?
What is the grace period for Wells Fargo CD?
What types of fees, such as early withdrawal penalties, does Wells Fargo CD charge?
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+67
Wells Fargo CD Community Reviews
Would you recommend Wells Fargo CD to your friends?
Amy R.
Jan 11, 2021
May or may not recommend
Alissa D.
Oct 13, 2020
May or may not recommend
Jessica R.
Mar 1, 2020
May or may not recommend
Showing 3 of 3 reviews
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