Want to see a full review of the Wells Fargo certificate of deposit? From Responsible Economy we show you all the characteristics: interest rate, requirements, commissions and opinions. You can also see an explanatory video and a comparison with the best certificates of deposit. Welcome!
Explanatory video
We have made a video in which we explain all the features offered by the Wells Fargo certificate of deposit. You can subscribe to our YouTube channel to support us and have daily information.
Features
In this section, we cover all the features that the Wells Fargo certificate of deposit offers.
Interest rate
Without a doubt, the interest rate is one of the most important points in certificates of deposit. The maximum interest rate you can get with Wells Fargo is 4.26% APY but only with a term of 11 months, you have to open an account with Wells Fargo and deposit $5,000 in the certificate of deposit. The second highest interest rate you can get is 4.01% but only with a term of 5 months.
As you will see later, Wells Fargo does not offer competitive certificates of deposits. In addition, Wells Fargo only offers deposit information up to one year in terms online. If you want longer terms you have to ask at a branch.

Terms
The minimum term is 3 months and the maximum term is 12 months. Remember that Wells Fargo requires you to go to a branch to get more information. From Responsible Economy we do not understand why Wells Fargo does this.
Fees
The Wells Fargo certificate of deposit has no setup fee or annual maintenance fee.
Minimum deposit
To open the certificates of deposits with the highest interest rate you need to deposit a minimum of $5,000 and for the rest a minimum of $2,500.
Comparison with the best certificate of deposit in 2023
We have made a comparison of Wells Fargo certificate of deposit with the best certificate of deposit that you can open in the United States:

- 5% APY
- Minimum deposit: $0
- Term: 11 months
- Member FDIC

- 4,40% APY
- Minimum deposit: $5000
- Term: 12 months
- Member FDIC

- 4,65% APY
- Minimum deposit: $1000
- Term: 13 months
- Member FDIC

- 4,60% APY
- Minimum deposit: $0
- Term: 14 months
- Member FDIC

- 4,60% APY
- Minimum deposit: $1000
- Term: 12 months
- Member FDIC

- 4,55% APY
- Minimum deposit: $1000
- Term: 12 months
- Member FDIC

- 4,50% APY
- Minimum deposit: $0
- Term: 12 months
- Member FDIC

- 4,50% APY
- Minimum deposit: $1000
- Term: 12 months
- Member FDIC
Pros and cons
Once we have seen all the characteristics of the Wells Fargo certificate of deposit and have compared it with the best CDs, we have made a table with all the advantages and disadvantages:
Pros | Cons |
---|---|
No fees | low interest |
Minimum deposit $2.500 | |
Not all the information is online |
Requirements
To open the Wells Fargo certificate of deposit it is not necessary to have an open checking account but if we want high interest we will have to have a Wells Fargo checking account. These are the requirements we need to meet:
- Must be over 18 years old
- Live in the United States
- Have an American phone
- Have a Social Security
Conclusions and opinions
After all the review we have done, our conclusion is that Wells Fargo does not offer a competitive certificate of deposit because the interest rates are low (the maximum interest rate we can get is 4.26% APY), you have to make a minimum deposit of $2500 and does not have all the information online.
Frequent questions
If you still have any questions about the Wells Fargo certificate of deposit, here we answer all your questions:
More information about Wells Fargo
You also have information of interest about Wells Fargo:
Information | Description |
---|---|
Website | https://www.wellsfargo.com/ |
https://www.facebook.com/wellsfargo/ | |
https://twitter.com/wellsfargo/ | |
Phone | 1 (800) 869-3557 |
Anothers product of Wells Fargo
Here you have all the products that Wells Fargo offers:
- Checking accounts: Wells Fargo checking accounts are very competitive.
- Wells Fargo Clear access Banking it is one of the simplest accounts.
- Wells Fargo Prime Checking it is a premium account.
- Wells Fargo Everyday Checking is the most popular checking account.
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Updated the day 27 February, 2023 by Alfredo Barandiarán
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