Wells Fargo CD rates have showed little change for the start of April. Rates changes were relatively mild on both the standard bank certificate of deposit and special promotional CD rates.
Wells Fargo offers a number certificates of deposit that offers a guaranteed return with fixed interest rates and a wide choice of maturities. The Wells Fargo CD offers a choice of terms, a guaranteed fixed rate, and interest that is compounded daily.
The following Wells Fargo CD rates are for the Illinois office of Wells Fargo Bank, N.A. Bank rates at other Wells Fargo bank offices may vary from those shown. As with most bank CDs, depositing money into a CD for a longer term leads to a higher CD interest rate.
Current Wells Fargo CD rates on promotional CDs include:
15 month CD rate of 0.55%
21 month bank CD rate at 0.90%
28 month CD interest rate 1.40%
35 month promotional CD rate of 1.90%
56 month CD rate at 2.90%
All promotional CDs offered by Wells Fargo require a $5,000.00 minimum deposit.
Standard Wells Fargo CD rates and terms offered for deposits of $2,500.00 to $100,000.00 include:
3 month CD rate 0.10%
6 month bank CD rate 0.20%
1 year CD rate 0.30%
The Annual Percentage Yields (APY) shown are effective as of this publication but are not guaranteed additional conditions may apply. CD rates offered by Wells Fargo bank are subject to change at any time and are not guaranteed until the CD account is opened. For current CD rates and additional account information, a Wells Fargo Bank representative can be reached at1-866-245-3452.
A withdrawal of funds prior to the maturity of the CD will result in an early withdrawal fee. At the end of the standard term end there is a seven day grace period during which the account holder can let the CD renew automatically at the current rate, withdraw all or part of the original deposit, select a new CD term or make one additional deposit into the account.
Wells Fargo Bank CD rates were mostly unchanged for the week ending August 14, 2009. The standard Wells CD rates were little changed for the week while the regional best CD rates offered increased in relation to the national average bank CD rates.
Wells CD rates are promoted in two different categories. The standard CD rates of Wells Fargo Bank and special offers marketed by the bank that fluctuate between regions. While the Wells Fargo Bank special CD rates are measurably higher than the standard Wells Fargo CD rates, they are still slightly lower than most of the highest CD rates available nationally as well as the best local state bank CD rates.
The current 25 month promotional CD rate offered by Wells Fargo is one of the bank rates now available that is higher than most comparable CD rates with that term or an equivalent term.
The Wells Fargo CD rates with special offers require a minimum deposit of $5,000.00 and a new or existing Wells Fargo checking account. Wells Fargo CD rates are fixed for the term of the bank CD. The longer the term on the special CD rates, the higher the interest rate offered. The Wells Fargo CD rates with the longer term are very competitive with two year CD rates available nationally.
Wells Fargo CD rates currently marketed in the state of Illinois including the following CD rates and terms:
10 month CD rate 0.90%
13 month CD rate 1.40%
18 month CD rate 1.75%
25 month CD rate 2.30%
All Wells CD rates are subject to change and not guaranteed until the bank CD account is opened. Wells Fargo bank CDs are FDIC insured. Current CD rates and account information is available by calling a bank representative direct at 866-245-3452. CD rates, bank rates and additional account information are also available at the bank website located at www.wellsfargo.com.