Destination IRA is our suite of FDIC-insured CDs (Time Accounts) and savings accounts that offer simple and secure options to save for your retirement.
Destination IRA has a CD or savings account to suit your needs
CDs (Time Accounts)
Choose from a fixed-rate CD with terms of 3–144 months.
Savings accounts
Choose from two variable-rate retirement savings accounts with competitive interest rates.
Enjoy the benefits of:
- Security. Your Destination IRA deposits are FDIC-insured up to $250,000.
- Convenience. You can access your account information online at any time, or call us at 1-800-237-8472.
- Control. Access your Destination IRA, and other Wells Fargo checking, savings and credit balances simultaneously online — all with just one password.
- Tax-deferred interest. Earnings grow tax-deferred until you withdraw your money, and may be tax-free if you meet certain conditions.
Learn more about IRAs
If you’re not sure whether you want a Traditional or Roth IRA, we can help you compare IRAs. Our IRA eligibility calculator can also help determine how much you can contribute.
Changing jobs, moving, or nearing retirement?
Consider consolidating your financial assets at Wells Fargo to help you simplify your finances and get a better view of your overall financial picture.
Small business owners
Find out more about SEP (Simplified Employee Pension) IRAs.
Where do I select an IRA CD for my Destination IRA Traditional plan or Roth plan?
To choose an IRA CD, look for the Fund Your Account page, Account Options section, in Step 4 of the online application.
| Retirement CD
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|---|---|
| Description
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Retirement CD rates are fixed for the term of the CD and generally earn higher rates for longer terms.
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| Best suited for
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Individuals who can contribute at least $1,000 to open their accounts and want to lock in a fixed rate for a specific number of months in an FDIC-insured account.
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| Terms
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3 months to 144 months |
| Interest rate
|
Fixed Interest is earned on the entire daily collected balance and is compounded daily and paid monthly. |
| Minimum opening deposit
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$1,000 |
| Fees
|
|
Where do I select an IRA savings account for my Destination IRA Traditional plan or Roth plan?
To choose an IRA savings account, look for the Fund Your Account page, Account Options section, in Step 4 of the online application.
|
Way2Save® Retirement Account |
Retirement High Yield Savings Account |
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|---|---|---|
| Description
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A variable-rate savings account that offers competitive interest rates.
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A variable-rate savings account for customers with larger balances — this account also offers tiered interest rates that are higher at larger balance tiers.
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| Best suited for
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Individuals just starting to save for retirement, who are looking for a consistent and convenient way to build up their savings in an FDIC-insured account.
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Individuals who have already started saving for retirement and are looking to roll over or transfer from another retirement account and who want flexibility within an FDIC-insured account.
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| Automatic savings
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| Interest rate
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Interest is earned on the entire daily collected balance and is compounded daily and paid monthly. View Rates
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| Minimum opening deposit
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$100
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$100
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| Fees
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