Wells fargo s fake account scandal continues to haunt the big bank exacerbating headaches caused by shrinking interest rates.
Wells fargo high performance money market account.
Where savings accounts usually have a fixed interest rate these accounts have rates that vary regularly based on money markets.
Plus there may be other strings attached a large minimum opening deposit a high minimum monthly balance requirement monthly.
Wells fargo bank reviews.
Ii deposit 25 000 or more in new money to the enrolled account.
What some banks call a high performance money market account is really just a money market account that may or may not have a special rate and that special rate may or may not be a temporary or introductory rate.
Wells fargo bank money market account rates and terms.
To earn the special interest rate special rate you must i enroll a platinum savings account in this offer by speaking to a banker and requesting the special rate.
And iii maintain a minimum daily balance of 25 000 in the enrolled account.
Money market accounts offered by the bank have a minimum daily balance requirement and come with very low interest rates.
Checking savings cd money market and ira accounts editorial note.
Wells fargo bank money market account offers an apy starting at 0 01 apy stands for annual percentage yield rates may change.
Wells fargo money market savings account also gives the benefit of bonus apy.
You can also earn a higher rate if you opt for linking savings account with any of their premium checking account.
If the portfolio by wells fargo relationship is terminated the bonus interest rate on all eligible savings and time accounts and discounts or fee waivers on other products and services will discontinue and revert to the bank s then current applicable rate or fee.
Current performance may be lower or higher than the performance data quoted and assumes the reinvestment of dividends and capital gains.
What are the wells fargo bank money market account rates.
If you link up the accounts then you are offered a rate of 0 15 while you earn just 0 05 without linking the accounts.
The content of this article is based on the author s opinions and recommendations alone.
For class c the maximum contingent deferred sales charge is 1 00.
Wells fargo retirement high yield savings.
For class a the maximum front end sales charge is 5 75.
Money market accounts are similar to savings accounts but they require you to maintain a higher balance to avoid a monthly service fee.
To receive the bonus apy you must maintain a linked wells fargo prime checking or wells fargo portfolio checking.
Performance shown without sales charges would be lower if sales charges were reflected.
