Www wells fargo online com6/27/2023 You can also find much higher yields for CDs maturing within a year to 18 months, especially if you want to deposit less than Wells Fargo’s $2,500 minimum for regular CDs. Plus, the minimum deposit is just $1,000 compared to Wells Fargo’s $5,000 minimum. ![]() A similar option would be CIT Bank’s 6-month CD that comes with a slightly higher 5.00% APY. Wells Fargo’s 5-month special fixed rate CD has a high APY considering the short amount of time your money needs to stay in the account. You can do a lot with your money, so consider some other possibilities before you commit. Therefore, it’s something you should consider, especially if you’re creating a CD ladder. The special offering is special for a reason, it’s not part of Wells Fargo’s normal lineup. If you do qualify for the bonus, and earn 4.36% APY, you’ll beat all of Capital One’s offerings. The 4.10% APY on Well Fargo’s 5-month CD term, not including any boost for also owning an eligible checking account, is higher than both the 6 and 9-month CDs from Capital One. Moreover, Capital One beats out Wells Fargo in nearly every term, with one conspicuous exception. Unlike Wells Fargo, there are a number of CD term options at Capital One, ranging from six to 60 months. Such as:Ĭapital One offers a useful comparison. It will do you well to consider what others offer. Most Wells Fargo CD rates are well below the top rates on the market. National averages are accurate as of April 25, 2023. Note: Wells Fargo APY average is accurate as of April 25, 2023. How Wells Fargo CDs compareĭepending on the term you choose, Wells Fargo’s online CDs are either on par with or above the national average. Your CD will automatically renew at the most recent rate if you don’t choose one of these options before the seven-day window closes.
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