Save wisely
Whether preparing for unexpected expenses or growing your business, your savings goals are within reach
A Wells Fargo Business Platinum Savings account is for businesses with higher balances typically looking to save for future expansion or taxes. Benefits include:
- Optional Overdraft Protection. Use your Business Platinum Savings account to help protect your Wells Fargo business checking account from overdrafts
- Online access. Manage your accounts with Wells Fargo Business Online® and Wells Fargo Mobile®
- Convenience. Access approximately 4,600 Wells Fargo banking locations and more than 11,000 Wells Fargo ATMs
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Annual Percentage Yield (APY) and Annual Percentage Yield Earned (APYE): The Annual Percentage Yield (APY) is a percentage rate reflecting the total amount of interest paid on an account based on the interest rate and the frequency of compounding for a 365-day period. The Annual Percentage Yield Earned (APYE) is an annualized rate that reflects the relationship between the amount of interest actually earned on your account during the statement period and the average daily balance in the account for the statement period.
We calculate both your APY and APYE according to formulas established by federal regulations. The APYE appears on your account statement