Building Your Savings with Wells Fargo's Certificates of Deposit (CDs)

A Wells Fargo Certificate of Deposit (CD) offers an alternative way to grow your savings. You choose the set period of time to earn a guaranteed fixed interest rate, regardless of market conditions. Investing in a CD can provide peace of mind whether you're saving for tomorrow, next year's projects, college tuition, or retirement.

Benefits of a Wells Fargo CD account

• Interest rates: CDs typically pay higher interest rates than other deposit products.

• Guaranteed return: Interest rate is set at opening and doesn’t change until the CD matures, so you know exactly how much you'll earn.

• Security: Your funds are FDIC-insured up to the maximum applicable limits.

• Flexible terms: You choose what term works best for you.

You earn interest from the date of your opening deposit up to your maturity date. Your interest compounds daily and is generally paid monthly, although interest payments made quarterly, semi-annually, annually, or at maturity are also available. Interest can be re-deposited to the CD, transferred to a Wells Fargo checking or savings account, or paid by check if the Time Account has a minimum balance of $5,000.

For more information visit https://www.wellsfargo.com

DETAILS

Wells Fargo CDs (Time Accounts) give you guaranteed fixed rates and a choice of terms.

7-month CD Special Offer (minimum deposit of $5,000) Renews for 6-month term Annual Percentage Yield (APY): 1.01% Special Interest Rate1: 1.00% Relationship APY2: 1.02% Relationship Interest Rate: 1.01%

3-month CD (minimum deposit of $10,000) Annual Percentage Yield (APY): 0.01% Standard Interest Rate: 0.01% Relationship APY2: 0.02% Relationship Interest Rate: 0.02%

3-month CD (minimum deposit of $2,500) Annual Percentage Yield (APY): 0.01% Standard Interest Rate: 0.01% Relationship APY2: 0.02% Relationship Interest Rate: 0.02%

6-month CD (minimum deposit of $10,000) Annual Percentage Yield (APY): 0.01% Standard Interest Rate: 0.01% Relationship APY2: 0.02% Relationship Interest Rate: 0.02%

6-month CD (minimum deposit of $2,500) Annual Percentage Yield (APY): 0.01% Standard Interest Rate: 0.01% Relationship APY2: 0.02% Relationship Interest Rate: 0.02%

1-Year CD (minimum deposit of $10,000) Annual Percentage Yield (APY): 0.01% Standard Interest Rate: 0.01% Relationship APY2: 0.02% Relationship Interest Rate: 0.02%

1-Year CD (minimum deposit of $2,500) Annual Percentage Yield (APY): 0.01% Standard Interest Rate: 0.01% Relationship APY2: 0.02% Relationship Interest Rate: 0.02%

By ML Staff. Terms are subject to change. Consult your local Wells Fargo branch for details. Image courtesy of Icons-8/Unsplash