Savings Accounts and CDs

Choose a savings account

Savings. Made easy.


Best for

Building your savings automatically

Monthly service fee


How to avoid the fee each fee period

Overdraft services

Optional Overdraft Protection for your checking account

Earn more interest on your balances

Platinum Savings

Best for

Better interest rates for higher balances

Monthly service fee


Avoid the fee with a $3,500 minimum daily balance each fee period

Overdraft services

Optional Overdraft Protection for your checking account

Typically our highest interest rates

Wells Fargo CDs

Best for

Guaranteed returns regardless of market conditions


Flexible term options from 3 months to a year or more

Monthly service fee

No monthly service fee

Not sure which savings account is best for you?

See today's savings rates
Take a quiz to find your account

Savings FAQs

A savings account is a bank account where you can store your money and earn interest. Wells Fargo offers interest-bearing savings accounts and Certificate of Deposit (CD) accounts.

Wells Fargo savings accounts allow you to save automatically to help you build towards your savings goals. In return for keeping your money in a savings account, we pay you interest depending on your interest rate.

See today's rates.

You can open a savings account online or in-person at a Wells Fargo branch. You must be 18 or older to apply online. 17 and under must open at a branch.

No matter how you apply, you’ll need:

  • Your Social Security number
  • Valid ID (driver's license, state ID, Consular ID)
  • Current residential address
  • $25 opening deposit

IDs required to open (plus co-applicant’s information if applicable).

Joint CDs are available to open online or in a branch.

Joint Way2Save Savings and Platinum Savings accounts must be opened at a branch. Make an appointment to get started.

You need the same information that is required to open an individual savings account, but you’ll need it for both applicants. IDs required to open

Yes, all Wells Fargo savings funds in both savings accounts and Certificate of Deposit (CD) accounts are FDIC-insured up the maximum applicable limit.

Visit our FDIC Insurance page to learn more.

How can we help?

Overdraft Protection is not available for Clear Access Banking accounts.

You may pay an early withdrawal penalty or a Regulation D penalty if you withdraw funds from your account before the term is complete. Some exceptions may apply. Penalties could reduce earnings on this account.

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 within seven days of any prior withdrawal where the Bank's early withdrawal penalty is not applied.

Other than the Regulation D penalty described above, any money withdrawn from the CD before the end of its term will be subject to an early withdrawal penalty based on the length of the CD term. If your term is:

  • Less than 90 days (or less than 3 months), the penalty is 1 month's interest,
  • 90 to 365 days (or 3-12 months), the penalty is 3 months' interest,
  • Over 12 months through 24 months, the penalty is 6 months' interest, or
  • Over 24 months, the penalty is 12 months' interest.

Sign-up may be required. Availability may be affected by your mobile carrier's coverage area. Your mobile carrier's message and data rates may apply.

See the Consumer Account Fee and Information Schedule and Deposit Account Agreement for additional consumer account information.

Deposit products offered by Wells Fargo Bank, N.A. Member FDIC.