Wells Fargo Savings Account Rates Update December 2011

High interest savings accounts are you best form of investment if you are looking to earn interest without losing the liquidity factor. Most savings accounts available today help you to earn a fair amount of money by way of interest and at the same time, you can access the money as and when you want. There is no penalty for early withdrawal like a CD account.

One of the banks that offer various savings account options is Wells Fargo Bank. Two kinds of savings accounts are offered and they are Way2Save savings account and Wells Fargo High Yield Savings account. Each of these accounts come with convenient features and competitive rates.

The Wells Fargo Bank savings account rates for Way2Save account is 0.01% APY for all balances. The minimum opening deposit is $100 or $25 when you set up an automatic transfer from a checking account. There is a monthly maintenance fee of $5 and this is waived when you have a minimum balance of $300 or set up one or more recurring transfer options from any other checking or savings account.

The Wells Fargo Bank savings rates for the High Yield Savings account is 0.05% APY for a balance of less than $25,000 and 0.15% APY for a balance of $25,000 or more. The minimum amount required to open this account is $25,000 and the monthly maintenance fee of $25 is waived when there is a minimum daily balance of $25,000. This is a premium account that comes with many flexible features.

In short, the savings account rates at Wells Fargo Bank is attractive and its features are convenient.

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