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finder.com’s rating: 3.1 / 5.0
★★★★★
The Wells Fargo Platinum Savings account is available in all 50 states and offers a debit card and checks for easy access. But you can find higher APYs with other savings products. And to get the highest APY, you have to call or go to a branch location.
0.03%
APY
$12
Fee
$25
Minimum deposit to open
APY | 0.03% |
---|---|
Fee | $12 |
To waive the fee | Maintain a $3,500 minimum daily balance |
Minimum deposit to open | $25 |
Intro or bonus offer | To receive the Bonus APY the account must remain linked to a Portfolio by Wells Fargo® relationship. If the Portfolio by Wells Fargo relationship is terminated, the bonus interest rate on all eligible savings accounts will discontinue and revert to the Bank's then-current applicable interest rate or fee. |
Minimum balance to earn interest | $0 |
Interest compounding | Daily |
Monthly transaction limit | 6 |
More Info |
Review by
Peter Carleton is a writer that covers banking and investing, breaking down what you need to know about where you put your money. When Peter's not thinking about cutting-edge banking apps and robo-advisors, he runs a creative agency and spends his spare time cooking or reading.
The Wells Fargo Platinum Savings Account gives you access to your money when you need it. Though if you want to qualify for the high APY, you need at least to open the account, and you can’t open it online.
The Wells Fargo Platinum Savings Account can be opened online, by phone or at a branch:
If you’d prefer to speak with a representative, call 800-745-1534 Monday to Sunday from 9 a.m. to 9 p.m. ET.
To open an account in person, you can visit any Wells Fargo banks. Though branches are not located in IN, KY, LA, MA, ME, MI, MO, NH, OH, OK, RI, VT or WV.
To open this account, you’ll need to meet a few eligibility requirements:
Regardless of how you choose to open this account, you’ll be asked for the following information:
This Big Four bank offers protection up to $250,000 and easy access to your money with a debit card and checks, along with other savings perks.
Like other savings accounts, look out for the limit of six monthly withdrawals, along with some other downsides:
Wells Fargo is far from the only provider and if the drawbacks will get in the way of your savings goals, you can compare your savings account options to find the best account for you.
With mobile banking and a free ATM card, Wells Fargo makes it easy to access your money:
★★★★★ — Excellent
★★★★★ — Good
★★★★★ — Average
★★★★★ — Subpar
★★★★★ — Poor
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