The interest rates and Annual Percentage Yields displayed here are for the Wells Fargo Bank locations in the California counties of Alameda, Contra Costa, Marin, Napa, San Francisco, San Mateo, Santa Clara, Solano and Sonoma.
Current Deposit Rates for 09/25/2021 - 10/01/2021
Annual Percentage Yields and Interest Rates shown are offered on accounts accepted by the Bank and effective for the dates shown above, unless otherwise noted. Interest Rates are subject to change without notice. Interest is compounded daily and paid monthly. Interest is calculated and accrued daily based on the daily collected balances in the account. Accrued interest is considered to be earned and will be paid only when the total interest accrued reaches $0.01 or more. In any month the amount of accrued interest is less than $0.01, periodic statements will show no Annual Percentage Yield Earned or interest earned though interest is accruing. Interest Rates and Annual Percentage Yields for all checking and savings accounts are variable rates that the Bank can change at any time. Fees could reduce earnings.
The balance tiers for the accounts listed in this disclosure are as follows: $0 to $499.99; $500 to $999.99; $1,000 to $2,499.99; $2,500 to $4,999.99; $5,000 to $9,999.99; $10,000 to $24,999.99; $25,000 to $49,999.99; $50,000 to $99,999.99; $100,000 to $249,999.99; $250,000 to $499,999.99; $500,000 to $999,999.99; $1,000,000 or more. Wells Fargo interest rates offered within two or more consecutive tiers may be the same. When this is the case, this rate sheet may show those multiple tiers as a single tier. Each tier shown reflects the current minimum daily collected balance required to obtain the applicable Annual Percentage Yield.
A copy of the then-current rate sheet will be provided to you before you open your account or is available at any time upon request from a banker.
CD Accounts:
The Annual Percentage Yields (APY) shown are offered on accounts accepted by the Bank and effective for the dates shown above, unless otherwise noted. Rates are fixed for the term of the CD.
Interest is compounded daily. Payment of interest on CDs is based on term:
- For terms less than 12 months (365 days), interest may be paid monthly, quarterly, semi-annually, or at maturity (the end of the term).
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For terms of 12 months or more, interest may be paid monthly, quarterly, semi-annually, or annually.
Penalties could reduce earnings on the account. The account requires a minimum opening deposit based on term and APY and is listed above.
CD rates are subject to change at any time and are not guaranteed until CD is opened.
Early withdrawal(s) may be subject to either the Regulation D Penalty or an early withdrawal penalty. Some exceptions may apply.
The Regulation D Penalty is seven days' simple interest on the amount withdrawn and applies to:
- Withdrawals made within seven days of account opening including the day the account was opened.
- Withdrawals made during the grace period, when additional deposits are made during the grace period and the withdrawal exceeds the amount of the matured CD balance.
Withdrawals made after the first seven days of account opening are subject to the early withdrawal penalty below:
- For terms less than three months or less than 90 days, the penalty is one month's interest.
- For terms between 3 and 12 months or between 90 to 365 days, the penalty is three months' interest.
- For terms over 12 months through 24 months, the penalty is 6 months' interest.
- For terms over 24 months, the penalty is 12 months' interest.
Wells Fargo Bank, N.A. Member FDIC.
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