The APY (Annual Percentage Yield) is a percentage rate that reflects the total amount of interest paid on the account, based on the interest rate and the frequency of compounding for a 365-day period. If you receive a periodic account statement, that statement will include the Annual Percentage Yield Earned (APYE) on your account for the period covered by the statement. The 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.

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Earn interest on your checking balance of $500 or more
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No-fee cashier's checks
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$10 discount on personal style checks
Best For
- Customers who want to earn interest
- Higher account balances
- Customers who have a Wells Fargo Home Mortgage
Get Started
Minimum opening deposit
Open with $25 deposit
Monthly service fee
You can avoid the $15 monthly service fee with one of these each fee period:
- $10,000 minimum combined daily deposit balances (in linked consumer checking and savings accounts, Time Accounts (CDs), and FDIC-insured Retirement accounts)
- $1,000 or more in total qualifying direct deposits
- A Wells Fargo Home Mortgage linked to this account
See the common fees for this account (PDF).
Must be 18 years or older to open this account.