Avoid the $5 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.
Open a Way2Save® Savings account.
|Balance||Standard Interest Rate||Annual Percentage Yield (APY)|
|$0 or more||0.01%||0.01%|
Which Wells Fargo savings account is best?
Wells Fargo Way2Save Savings Account Essentials
- Earn interest on deposits, with no minimum-balance requirement.
- All balances earn the same annual percentage yield (APY)
- Low $25 minimum-opening deposit.
- Automatic savings plan.
- Low monthly service fee, which can be waived by meeting certain requirements.
Which bank gives 7% interest on savings account?
Equitas Small Finance Bank is offering interest rates up to 7 percent on savings accounts. The average monthly balance requirement is Rs 2,500 to Rs 10,000. DCB Bank offers interest rates of up to 6.75 percent on savings accounts. Among private banks, this bank offers the best interest rates.
What type of account pays you interest?
Interest-Bearing Savings Accounts
Savings accounts pay interest income, but your access to the funds is limited. Before April 2020, you were generally limited to six withdrawals or transfers per month under Federal Regulation D, except for ATM transactions or withdrawals with a teller at the bank.
Where can I get 5% interest on my money?
Here are the best 5% interest savings accounts you can open today:
- Current: 4% up to $6,000.
- Aspiration: 3-5% up to $10,000.
- NetSpend: 5% up to $1,000.
- Digital Federal Credit Union: 6.17% up to $1,000.
- Blue Federal Credit Union: 5% up to $1,000.
- Mango Money: 6% up to $2,500.
- Landmark Credit Union: 7.50% up to $500.
Do Wells Fargo savings accounts earn interest?
The Wells Fargo savings account interest rate is 0.01% for its Way2Save account. That’s below the national average of 0.07%, and significantly worse than annual percentage yields, or APYs, on online savings accounts. Many top online savings accounts earn rates around 0.50%.
What bank is paying the most interest on savings?
Best online savings accounts and rates of June 2022
|Barclays Online Savings Account||1.10% APY||Barclays Bank Review|
|Citi Accelerate High Yield Savings||1.01% APY||Citibank Review|
|Ally Bank Online Savings Account||1.00% APY||Ally Bank Review|
|Capital One 360 Performance Savings||1.00% APY||Capital One Bank Review|
Who has the highest interest savings account?
Full list of editorial picks: best high-yield online savings accounts
|Synchrony Bank, Member FDIC.||4.5.||1.10%.|
|Citibank, Member FDIC.||4.0.||1.01%.|
|Bread Savings, funds insured by FDIC.||4.5.||1.65%.|
|Salem Five Direct, Member FDIC.||4.0.||1.01%.|