Cd Rates 1 Year Wells Fargo

Other than step rate cds rates are fixed for the term of the cd.

Cd rates 1 year wells fargo. You can go to any of well fargo s physical locations. Also it is 2 4 lower than the highest rate 2 60 updated apr 2020. 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.

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. 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. 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.

0 4999 0 01. 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. 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. Wells fargo offers special and standard rate cds.

The step rate cd account can be opened only at a wells fargo branch. You can also earn bonus rates on these. 9 month special cd rates from wells fargo bank are at 2 23 percent with an apy of 2 25 percent. Although rates have been decreasing since the federal reserve s march 2020 rate cuts the rates featured on this page are still.

Step rate cds have a variable interest rate that is increased every six months. Apply for an account online. Cd and savings interest rates from wells fargo. The standard rates require you to deposit 2 500.

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. The first six months have an interest rate of 0 01 the next six months have a 0 02 rate and so on. Cd rates could change significantly in a year and you might not want to miss out on a. You can also make an appointment online or by calling 1 800 869 3557.

The rates are for the initial cd term and then are renewed at the standard cd rates if you choose to renew. The rate of 0 20 is 1 lower than the average 1 2.