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.
TRENDING DEAL:
Disclaimers:
The Annual Percentage Yield (APY) is accurate as of 10/3/2025. The base and promotional interest rate and corresponding APY for Axos ONE® Checking is variable and is set at our discretion. The base and promotional interest rate and corresponding APY for Axos ONE® Savings is variable and is set at our discretion. Axos ONE® Savings is a tiered variable rate account. Axos ONE® Checking is a non-tiered variable rate account. Interest rates may change as often as daily without prior notice. Fees may reduce earnings.Promotional terms and conditions are subject to change or removal without notice. Incentive may be taxable and reported on IRS Form 1099-MISC. Consult your tax advisor. After the accounts are opened, the amount of incentive earned will depend on meeting the additional requirements outlined below.The Axos ONE® Checking account will earn a base rate of 0.00% APY. The Axos ONE® Savings account will earn a base rate of up to 1.00% APY.Axos ONE® accounts are eligible to receive a promotional APY for each statement cycle where the promotional criteria are met during the Qualification Period. To receive the promotional APY on both Axos ONE® Checking and Axos ONE® Savings, the Axos ONE® Checking account must meet both of the requirements in either Option 1 or Option 2 below during the Qualification Period:Option 1Your Axos ONE® Checking account has received monthly qualifying direct deposits of at least $1,500 in total.The average daily balance of your Axos ONE® Checking account is at least $1,500.Option 2Your Axos ONE® Checking account has received monthly qualifying deposits of at least $5,000 in total.The average daily balance of your Axos ONE® Checking account is at least $5,000.If both of the requirements in either Option 1 or Option 2 above are met during the Qualification Period:The Axos ONE® Checking account will earn a promotional rate of 0.51% APY for the statement cycle in which the requirements are met.The Axos ONE® Savings account will earn a promotional rate of up to 4.51% APY for the statement cycle in which the requirements are met.The Qualification Period begins on the first business day of the month and runs through the 25th of the month. If the 25th of the month is followed by a non-business day, the average daily balance will be calculated including the following non-business day(s). Any qualifying deposits or qualifying direct deposits received after the 25th of the month will count toward the next Qualification Period. The Qualification Period for new accounts will begin on the day the account is approved. New accounts opened on or after the 25th of the month will be eligible to earn the promotional APY starting in the following month.A direct deposit is an electronic deposit of your paycheck or government benefits, such as Social Security, Disability, etc. International paychecks, international government benefits, other deposits (i.e., online banking transfers, ATM and mobile check deposits, etc.), or person-to-person payments are not considered a direct deposit.Qualifying deposits only include deposits from the following eligible sources: (i) ACH transfers from external accounts, (ii) inbound wire transfers from external accounts, (iii) check deposits. Qualifying deposits do not include: (i) transfers internal to the bank (i.e., transfers between an account holder’s Checking and/or Savings account), (ii) interest payments, (iii) promotional bonuses, (iv) credits, reversals, and refunds.Both accounts must be in an open and active status on the 25th of the month and on the date the interest is paid to receive the promotional APY for that statement cycle. If either account closes during the Qualification Period, neither account will be eligible to earn the promotional APY for that statement cycle. Account transactions may take one or more business days from the transaction date to post to the account. Show Less
READ MORE: WELCOME OFFERS FROM AXOS 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:
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CIT Bank Savings Connect Earns 3.75% APY (Available Nationwide) - If you’re looking for a simple, flexible savings account with one of the best rates available nationwide, CIT Bank’s Savings Connect account is offering 3.75% APY¹. That’s more than nine times the national average² — and you only need $100… GET OFFER
UFB Portfolio Savings & UFB Portfolio Money Market Accounts Earn Up To 3.51% APY - Earn up to 3.51% 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 3.51% APY on both Portfolio Savings and Portfolio… GET OFFER
Quontic Bank High Yield Savings Account Earns 3.75% 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[/su_panel]
READ 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 November 2025
- Wells Fargo Premier Checking $3,500 Bonus – Ends 11/18/25 (In-Branch Only)
- Wells Fargo: Upgrade to Premier Checking and Earn a $2,500 Bonus – Ends 11/18/25 (In-Branch)
- Wells Fargo Bank Bonus: $425 Offer for the Everyday Checking Account – Ends 11/18/25
- Wells Fargo Business Checking Bonuses: How to Earn $825 or $400 in 2025 – Ends 9/2/25
- Wells Fargo $325 Everyday Checking Account Bonus – Ends 10/15/2025
- Wells Fargo Premier Checking $2,500 Upgrade Bonus – Ended
- Wells Fargo $525 Bonus for the Way2Save Savings Account – Ended
READ MORE: SEE THE BEST BANK BONUSES HERE AND THE BEST INVESTING BONUSES HERE.
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