Wells Fargo CDs

Standard CD Rates

Open a Standard CD account
$2,500 minimum opening deposit

What is a CD?

A CD is a financial product that usually pays a fixed interest rate for a set period of time, ranging from a few months to several years. This period of time is known as a “term.” By depositing your money into a CD for a set term, you lock in your initial deposit principal and interest rate until your money matures. 

You earn interest from the date of your opening deposit up to your maturity date. Your interest compounds daily and is generally paid monthly, although interest payments made quarterly, semi-annually, annually, or at maturity are also available. Interest can be redeposited to the CD, to a checking account, to a savings account, or paid to you via check.

Benefits of CDs

There are a number of reasons you may want to open a CD:

• Interest rates. CDs typically pay higher interest rates than other deposit products. Higher CD rates may be available for longer terms or larger deposited amounts.
• Guaranteed return. Since the interest rate of a Fixed Rate CD is set at account opening and does not change until the CD matures, you know exactly how much money you will earn during the term of your CD.
• Security. Your funds are FDIC-insured up to the maximum applicable limits.

You can withdraw your funds early if you need to, but you will be assessed an early withdrawal penalty. See additional details in the CD rate and penalty disclosures below.

What happens when your CD matures?

Approximately one month before your CD matures, you’ll be sent a notice reminding you of the maturity date. At maturity, you'll have a seven-day grace period to renew or make any of the following changes:

• Change the term
• Make additional deposits
• Make withdrawals (as long as the remaining balance in the CD meets the minimum balance requirements)
• Close the CD

CDs renew automatically at maturity. Interest will not be paid during the grace period if you withdraw your funds and do not reinvest your CD.

Three ways to fund your account

It's fast and easy to fund your account with our secure online application. Here's how:

• Transfer from an existing Wells Fargo account.
• Transfer from a non-Wells Fargo account. You'll need your account number and the nine-digit routing number found on your check or deposit slip. 
• Use a check or money order by mail or in person. You can mail in your check or money order or go to a local branch after you submit your application.