Explore Wells Fargo Savings Account Rate Offers, where the Platinum Savings account provides higher returns for balances over $100,000 compared to traditional brick-and-mortar banks, though online banks may offer better rates. With over 4,700 branches nationwide, Wells Fargo combines convenience with occasional sign-up bonuses, offering two main savings accounts with perks like the Relationship Interest Rate when linked to eligible checking accounts.
Wells Fargo customers can choose between two savings accounts, but there aren’t many differences between them.
Discover the latest Wells Fargo Savings Account Rate Offers and navigate the financial benefits of choosing between the Way2Save and Platinum Savings accounts. While both accounts offer unique advantages, the Platinum Savings stands out for those maintaining a balance of at least $100,000, providing higher returns than the average for large brick-and-mortar banks.
However, it’s worth noting that online banks may still surpass these rates. Wells Fargo, the second-largest bank in the U.S. after Chase, not only boasts over 4,700 branches nationwide but also frequently offers sign-up bonuses, particularly for checking accounts.
Additionally, customers can benefit from the Relationship Interest Rate when linking their Platinum Savings account to an eligible Wells Fargo checking account, enhancing their banking experience with Wells Fargo’s comprehensive financial solutions.
In line with other big banks, the yields on both accounts are low.
- Update 5/8/25: Rates have not changed. Significantly better rates can be had with these accounts.
READ MORE: YOU MIGHT WANT TO SEE THESE LATEST BONUSES FROM WELLS FARGO
See Posts History below for more offers from Wells Fargo.
Wells Fargo Bank Savings Account Rates
Wells Fargo has two standard savings accounts: the Wells Fargo Way2Save Savings account and the Platinum Savings account, which has some extra perks.
You can get the Relationship Interest Rate with the Platinum Savings account when it’s linked to an eligible checking account.
To receive the disclosed Relationship Interest Rate/Relationship APY, the eligible account must remain linked to a Prime Checking, Premier Checking or Private Bank Interest Checking account.
Here are the rates at the time of this writing:
| Account name | APY | Minimum deposit for APY |
|---|---|---|
| Way2Save Savings | 0.01% | $25 |
| Platinum Savings | 0.26% | $25 |
| Platinum Savings (Relationship Rate) | 1.01% | $100,000 |
Note: Annual percentage yields (APYs) shown are as of January 4, 2025, and may vary by region for some products.
READ MORE: WELCOME OFFERS FROM CHASE AND BMO.
Wells Fargo Savings Rates Compared To Top Nationwide Rates
Wells Fargo’s savings account rates are much lower than what you can get at the best online banks.
Wells Fargo is a big, well-known bank, but many other banks have better rates for saving money.
Some of the best rates are at online-only banks like CIT Bank, Quontic Bank and Axos Bank. Cash management accounts (provided by investing and other non-bank financial institutions) are starting to offer competitive rates as well.
A higher APY can help you save money faster and reach your goals sooner. When there are other options that pay much more, it can be hard to justify putting your savings in an account that only pays 0.01 percent APY.
Take a look at these tops rates below:
Quontic Bank High Yield Savings Account Earns 3.85% APY (Nationwide) - Get a great rate for the Quontic Bank High Yield Savings Account. Quontic bank is a digital bank and is often ranked in the top 10 in this space. Details below. Compare their rates with the nation's best Savings rates… GET OFFER
CIT Bank Savings Connect Earns 4.00% APY (Available Nationwide) - The CIT Bank Savings Connect account is a very competitive online savings account option. See the current rate details below. CIT Bank is a popular option for online banking, especially if you're seeking interest-bearing online checking and savings accounts. Not… GET OFFER
UFB Portfolio Savings & UFB Portfolio Money Market Accounts Earn Up To 4.01% APY - Earn up to 4.01% APY with UFB Portfolio Savings and UFB Portfolio Money Market accounts. Enjoy competitive rates, no maintenance fees, and seamless online banking. Quick Takeaways: UFB Direct offers up to 4.01% APY on both Portfolio Savings and Portfolio… GET OFFERREAD MORE: HERE ARE ALL THE BEST SAVINGS RATES YOU SHOULD SEE
Wells Fargo’s Other Savings Options
Wells Fargo does offer other ways to grow your money besides a savings account. These include a variety of certificates of deposit (CDs) and individual retirement accounts (IRAs). However, rates will still not be competitive versus online financial institutions.
More from Wells Fargo:
- Best Wells Fargo Bank Bonuses, Promotions of May 2025
- Wells Fargo: Upgrade to Premier Checking and Earn a $2,500 Bonus – Ends 5/20/25
- Wells Fargo $300 Everyday Checking Account Bonus – Ends 7/8/2025
- Wells Fargo Premier Checking $2,500 Upgrade Bonus – Ends 5/20/25
- Wells Fargo Bank Bonus: $325 Offer for the Everyday Checking Account – Ends 5/20/25
- Wells Fargo $525 Bonus for the Way2Save Savings Account – Ended
- Wells Fargo Business Checking Bonuses: How to Earn $825 or $400 in 2025 – Ends 6/30/25
READ MORE: SEE THE BEST BANK BONUSES HERE AND THE BEST INVESTING BONUSES HERE.
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