Best CD Rates Info

Wells Fargo is a huge company that provides many different types of financial services. Best CD Rates Info decided to see how Wells Fargo CD rates stack up to the competition. With such a large company, and a past that conjures up images of stage coaches roaring through the Old West, we had some high hopes going into our research.

Like many banks, Wells Fargo Bank CD rates can vary depending upon your part of the country. We looked at a handful of states to get a general feel for Wells Fargo CD interest rates. In our (non-scientific) sample, rates generally tended not to vary more than about 0.2 percent when comparing products of the same term and minimum deposit — but your results could vary depending on your state. For this article, we reviewed the Wells Fargo CD Rates for four different terms of CDs — the 5 month special CD, and the 3 month, six month and 1 year standard Wells Fargo CD.

We did not find any information on any long term Wells Fargo CDs. Investors looking for a four or five year CD may want to read our review of Wachovia CD rates.

We found the 5 Month Special Wells Fargo CD offered with an Annual Percentage Yield of 2.30 percent or 2.40 percent in the states in our sample, with a required minimum deposit of $5,000. In one state we also found a 9 Month Special Wells Fargo CD with the same rate as the 5 month Special CD. We didn’t find these rates especially inspiring.

The 3 month, 6 month and 1 year standard Wells Fargo CDs also left us uninspired, so we’ll be brief. To cut to the chase: though rates varied with the term and the minimum deposit, in the states in our sample we didn’t find a standard Wells Fargo CD rate that exceeded an Annual Percentage Yield 2.10 percent.

If you compare these Wells Fargo CD interest rates with the other CD rates we have reviewed on this site, you will probably understand why we were disappointed with our findings. As always, rates and terms can vary over time and with geographic location, so please be sure to check the Wells Fargo web site to see the specific offerings in your area.