Cd Rates 1 Year Wells Fargo

Although rates have been decreasing since the federal reserve s march 2020 rate cuts the rates featured on this page are still.

Cd rates 1 year wells fargo.

Wells fargo offers special and standard rate cds. Other than step rate cds rates are fixed for the term of the cd. Wells fargo bank s special cd rates are some of the best cd rates currently available and much higher than the bank s regular cd rates. Apply for an account online.

0 4999 0 01. A 5 year cd while a 5 year cd might have a higher apy a shorter term cd can be a better option. One year cd rates can help boost some of your short term savings. Step rate cd bonus interest rate and apy are available for the initial 24 month term if you link your step rate cd at account opening to a portfolio by wells fargo program.

Step rate cds have a variable interest rate that is increased every six months. You can go to any of well fargo s physical locations. The displayed rate is for standard cd rates for 1 year and applies for the state of california it also requires minimum of 2 500 balance. The standard rates require you to deposit 2 500.

On wells fargo s secure website. 9 month special cd rates from wells fargo bank are at 2 23 percent with an apy of 2 25 percent. Cd rates could change significantly in a year and you might not want to miss out on a. This 9 month cd rate is higher than most bank s 1 year cd rates available these days.

The first six months have an interest rate of 0 01 the next six months have a 0 02 rate and so on. You can also make an appointment online or by calling 1 800 869 3557. You can also earn bonus rates on these. The step rate cd account can be opened only at a wells fargo branch.

The special rates require you to deposit at least 5 000. Unlike the fixed rate cd option that can be opened online you can only open a step rate cd in person at a wells fargo branch. Also it is 2 4 lower than the highest rate 2 60 updated apr 2020. Wells fargo bank promotional cd rates wells fargo bank is currently offering 3 different promotional certificate of deposit rates the rates are 2 40 apy for a 5 month cd 2 65 apy for a 9 month cd and 3 30 apy for an 18 month cd.

This offers a way to grow your balance at better rates. Step rate cd instead of keeping the same interest rate from opening to maturity wells fargo s step rate cd bumps up your interest rate every six months.