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  Wells Fargo Bank Way2Save Savings Account

Wells Fargo Bank Way2Save Savings Account

in Savings Accounts from Wells Fargo Bank · Member fdic

Unaffiliated

Wells Fargo Bank Way2Save Savings Account

Unaffiliated

in Savings Accounts from Wells Fargo Bank · Member FDIC

SuperMoney Net Recommendation Score +64

SUPERMONEY NET RECOMMENDATION SCORE

This product is strongly recommended by SuperMoney users with a score of +64, equating to 4.3 on a 5 point rating scale.

+64

Recommendation score measures the loyalty between a provider and a consumer. It's at +100 if everybody recommends the provider, and at -100 when no one recommends.

Strongly recommended

7 users recommend
4 users are unsure
0 users don't recommend
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Highlights
Community Rating Strongly recommended
Monthly Fee $0 - $5
APY (Annual Percentage Yield) 0.01%
APY Minimum Balance $0
Number of Reviews 11

Wells Fargo Bank Way2Save Savings Account Review

Wells Fargo Bank Way2Save Savings Account is offered by Wells Fargo Bank, a bank founded in 1852 and based in San Francisco, CA. Wells Fargo Bank Way2Save Savings Account is available in 50 states (and Washington, DC).

Wells Fargo savings account FAQ

Are savings accounts from Wells Fargo Bank federally insured?

Yes, your Wells Fargo Bank savings 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.

Does Wells Fargo Bank offer a signup bonus?

Wells Fargo savings account doesn't offer a signup bonus.

What is the minimum initial deposit for Wells Fargo savings account?

The minimum deposit to open a Wells Fargo savings account is $25.
Wells Fargo Bank Way2Save Savings Account Minimums
Description
APY Minimum Balance $0
Minimum Balance to Avoid Monthly Fee $300
Minimum Direct Deposit to Avoid Monthly Fee $25
Minimum Opening Deposit Starting at $25

What APY does Wells Fargo Bank offer?

Wells Fargo savings account offers an APY of 0.01% (APY stands for annual percentage yield, rates may change).

The interest rate on a savings account or checking account can change based, in part, on what the Federal Reserve does. Note that the APY of a savings account is the amount of interest you will earn if you keep your money in the account for a full year expressed as a percentage. The difference between an APY and an interest rate is that the APY takes into account how often your money earns interest (or compounds). The more often your money compounds, the more it will earn. Savings accounts with an interest rate that compounds daily, for example, will earn a higher return (and therefore a higher APY) than savings accounts that compound annually.

What fees does Wells Fargo savings account charge?

Wells Fargo savings account does not charge a monthly service fee. See the fee breakdown section below to view all fees.

However, you can waive the monthly fees if you have a minimum daily balance of $300. Avoid the monthly fees by setting up a direct deposit of at least $25.

  • Outgoing domestic bank transfers come with a $30 fee.
  • Wells Fargo savings account charges $5 every time you request a paper statement.

What features and perks does Wells Fargo savings account offer?

This savings account includes the following features:

  • Fraud monitoring - Wells Fargo savings account monitors transactions for potentially fraudulent activity, such as when a debit card is unexpectedly used in a different location, or you make a sudden string of costly purchases.
  • Mobile Banking Services - Wells Fargo savings account allows you to manage your money online or with a mobile app.
  • Nationwide ATM network - Conveniently transact at a nearby ATM.

Can you set up a direct deposit to Wells Fargo savings account?

In most cases, the answer is yes. However, it depends on the direct deposit program your employer uses. Most direct deposit programs allow you to send your paycheck to a savings or checking account. In some cases, you can even split your paycheck between the two.

What is the customer support email for Wells Fargo savings account?

The customer support email for Wells Fargo savings account is socialresponsibility@wellsfargo.com.

How do people rate the customer service and user experience of Wells Fargo savings account?

Overall, Wells Fargo savings account is strongly recommended based on community reviews that rate customer service and user experience.

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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.

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

APY Minimum Balance $0
Minimum Balance to Avoid Monthly Fee $300
Minimum Direct Deposit to Avoid Monthly Fee $25
Minimum Opening Deposit Starting at $25
International ATM Surcharge $5
Monthly Fee $0 - $5
Paper Statement Fee $5
Returned Deposit Fee (Domestic) $12
Wire Transfer Fee - Domestic (Outgoing) $30
Bauer Financial A+/A Rating
Bank Account Features
  • No ATM Fees
  • No Monthly Maintenance Fee
  • Interest Bearing Account
  • Nationwide ATM Network
  • Mobile Banking
  • Fraud Monitoring
  • Automatic Transfers
  • Bauer Financial A+/A Rating
  • Branch Access
APY (Annual Percentage Yield) 0.01%

Wells Fargo Bank Way2Save Savings Account Community Reviews

 

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SUPERMONEY NET RECOMMENDATION SCORE

This product is strongly recommended by SuperMoney users with a score of +64, equating to 4.3 on a 5 point rating scale.

+64

Recommendation score measures the loyalty between a provider and a consumer. It's at +100 if everybody recommends the provider, and at -100 when no one recommends.

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