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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. Your account statement will include the APY earned on your savings accounts and interest-earning checking accounts for the period covered by the statement.
A flexible savings account with room to grow
Flexible access to your money
The interest-bearing Platinum Savings account gives you several easy ways to get to your money when you need it, including online and mobile access, unlimited branch and Wells Fargo ATM withdrawals, and the option to write checks.
Growth and relationship opportunities
Build your savings automatically with automatic transfers. Plus, earn the Relationship Interest Rate when you link your Platinum Savings account to an eligible checking account.
Platinum Savings Account Interest Rates and Fees
Platinum Savings - Standard Interest Rate Compare rates
| Balance | Standard Interest Rate | Annual Percentage Yield (APY) | Relationship Interest Rate | Relationship APY |
|---|---|---|---|---|
| $0 - $99,999.99 | 0.25% | 0.25% | 0.26% | 0.26% |
| $100,000 - $499,999.99 | 1.00% | 1.01% | 1.01% | 1.02% |
| $500,000 - $999,999.99 | 1.49% | 1.50% | 1.50% | 1.51% |
| $1,000,000 or more | 1.98% | 2.00% | 1.99% | 2.01% |
Account fees and details
- Minimum opening deposit: $25
- Monthly service fee: $12
- Avoid the monthly service fee with a $3,500 minimum daily balance each fee period.
- Other fees may apply; please see the Consumer Account Fee and Information Schedule and Deposit Account Agreement for details.
Platinum Savings Account FAQs
What is a Wells Fargo Platinum Savings Account?
The Platinum Savings account is an interest-bearing savings account with FDIC insurance protection up to the maximum limits. This account allows you to build your savings automatically with automatic transfers.
There are also several easy ways to get to your money when you need it, including online and mobile access, unlimited branch and Wells Fargo ATM withdrawals, and the option to write checks. Plus, this account can earn the Relationship Interest Rate when linked to an eligible checking account.
Do savings accounts earn interest?
Can you get a debit card for a savings account?
Can you get checks for a savings account?
What is the interest rate at Wells Fargo?
Enjoy these benefits of a Wells Fargo savings account
The Wells Fargo Mobile® app to pay bills, deposit checks, send and receive money with Zelle®, and more.
Optional Overdraft Protection – use your Platinum Savings account to help protect your linked Wells Fargo checking account from overdrafts.
ATM card for convenient ATM access to your savings.
My Savings Plan® to help you set and track your goal, plus automatic transfers to make saving easy.
