Wells Fargo High Performance Money Market Account

What are the wells fargo bank money market account rates.

Wells fargo high performance money market account.

Wells fargo money market savings account also gives the benefit of bonus apy. Where savings accounts usually have a fixed interest rate these accounts have rates that vary regularly based on money markets. Ii deposit 25 000 or more in new money to the enrolled account. For class c the maximum contingent deferred sales charge is 1 00.

Wells fargo bank reviews. Wells fargo retirement high yield savings. 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. For class a the maximum front end sales charge is 5 75.

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 s fake account scandal continues to haunt the big bank exacerbating headaches caused by shrinking interest rates. You can also earn a higher rate if you opt for linking savings account with any of their premium checking account. This special interest rate offer is available only in branches.

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. Wells fargo bank money market account rates and terms. 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. Money market accounts are similar to savings accounts but they require you to maintain a higher balance to avoid a monthly service fee.

Checking savings cd money market and ira accounts editorial note. Money market accounts offered by the bank have a minimum daily balance requirement and come with very low interest rates. Current performance may be lower or higher than the performance data quoted and assumes the reinvestment of dividends and capital gains. Performance shown without sales charges would be lower if sales charges were reflected.

To receive the bonus apy you must maintain a linked wells fargo prime checking or wells fargo portfolio checking. Cds are available in term lengths ranging from 3 to 58 months and a step up cd provides a way to increase the rate on a 24 month cd every 6 months for the life of the product. And iii maintain a minimum daily balance of 25 000 in the enrolled account. It may not have been previewed commissioned or otherwise endorsed by any of our network partners.