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Wells Fargo Way2Save® Savings

CA, 94105 Change Location

Little by little, saving adds up

Open with $25

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.

Build your savings automatically

Start a savings habit – link your Way2Save Savings account to your Wells Fargo checking account, then choose the automatic savings option that best fits your needs.

Save As You Go® transfers

We'll automatically transfer $1 from your linked Wells Fargo checking account to your Way2Save Savings account every time you do one of the following and it posts to the account:

  • Use your debit card for a one-time purchase
  • Complete a Bill Pay transaction through online banking

Automatic transfers

Set up regular automatic transfers from your linked Wells Fargo checking account to your Way2Save Savings account:

  • Save monthly – with an automatic transfer of at least $25
  • Or save daily – with an automatic transfer of as little as $1

Way2Save Savings account interest rates and fees

Variable rates (compounded daily) Compare rates

Balance
Standard Interest Rate
$0 or more
0.01%
0.01%


Account fees and details

  • Monthly service fee: $5
  • Avoid the monthly service fee with one of the following each fee period:
    • $300 minimum daily balance
    • 1 automatic transfer each fee period of $25 or more from a linked Wells Fargo checking account
    • 1 automatic transfer each business day within the fee period of $1 or more from a linked Wells Fargo checking account
    • 1 or more Save As You Go® transfers from a linked Wells Fargo checking account
    • Primary account owner is 24 years old or under
  • Other fees may apply; please see the Consumer Account Fee and Information Schedule and Deposit Account Agreement for details.

How to open an account

Ready to start saving?


Way2Save Savings account FAQs

How does Wells Fargo's Way2Save Savings account work?

Way2Save Savings is a savings account that earns interest and allows you to save automatically to help you build towards your savings goals.

What do I need to open a Way2Save Savings account?

To open an account, you'll need:

  • Your Social Security number.
  • A valid ID (driver's license, state ID, or Consular ID).
  • Your current residential address.
  • A $25 minimum opening deposit.

Apply in just a few minutes through Wells Fargo Online® or at a Wells Fargo branch near you.

You must be 18 or older to apply online.

Can you open a savings account without a checking account?

Yes. You can open a Way2Save Savings account without a Wells Fargo checking account.

How do I open a joint savings account?

Joint 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. Please review the age and ID requirements before your appointment.

How do I access the funds in my savings account?

You can request an ATM card to access your savings funds if you don't have a Wells Fargo checking account.

If you have a Wells Fargo checking account, you can use your debit card to access funds in your savings account.

Learn more about how to access money in your savings account by exploring our debit and ATM card FAQs.

How do I avoid the monthly service fee for Way2Save Savings?

You can avoid the $5 monthly service fee when you have one of the following each fee period:

  • $300 minimum daily balance
  • 1 automatic transfer each fee period of $25 or more from a linked Wells Fargo checking account
  • 1 automatic transfer each business day within the fee period of $1 or more from a linked Wells Fargo checking account
  • 1 or more Save As You Go® transfers from a linked Wells Fargo checking account
  • Primary account owner is 24 years old or under

Can I open a savings account for my child?

Yes. Depending upon the age of your child you may be able to open an individual or a joint account. We also provide account ownership options just for minors. Ask a banker for details or review the age and ID requirements for opening an account. 

Are my Way2Save Savings funds FDIC-insured?

Yes, your Way2Save Savings funds are FDIC-insured up to the maximum applicable limits.

Visit our FDIC Insurance page to learn more.

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 Way2Save Savings account to help protect your linked Wells Fargo checking account from overdrafts.

ATM card for convenient ATM access to your savings.

More than 12,000 Wells Fargo ATMs to help you bank locally and on the go.

Still have questions?

Chat

For questions about new
accounts.

Call Us

For existing accountholders or questions:
1-800-869-3557

Find a Location

Find an ATM or banking location near you.

Make an Appointment

Make an appointment with a banker.


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