Wells Fargo Offers Competitive CD Rates Up To 4.00%

Wells Fargo, a prominent full-service bank, offers a range of certificates of deposit (CDs) with competitive rates, making it a viable option for those seeking secure returns on their investments. The bank provides various CD options, including standard CDs with multiple term lengths and specialty CDs with promotional, limited-time rates. To qualify for the best annual percentage yields (APYs), customers must have a Prime Checking, Premier Checking, or Private Bank Interest Checking account. However, rates may vary slightly depending on the region.

Standard CDs at Wells Fargo are available online with terms of three, six, and 12 months, although more terms can be accessed by visiting a branch. The minimum deposit required to open a standard CD is $2,500. The early withdrawal penalties for standard CDs are as follows: one month's interest for terms less than three months, three months' interest for terms between 90 and 365 days, six months' interest for terms between 12 and 24 months, and 12 months' interest for terms over 24 months. Partial withdrawals are permitted for a fee, but additional deposits are not allowed. Standard CDs automatically renew into a new fixed CD of the same term length, with a 10-day renewal grace period.

The APYs for standard CDs as of July 9, 2025, are 1.50% for three and six months, and 2.00% for 12 months. Customers with a qualifying relationship account can earn an additional 0.01% APY for each term.

Wells Fargo also offers CD specials with term lengths of four, seven, and 11 months. The minimum opening deposit for these CDs is $5,000, which is significantly higher than that required for standard CDs. The early withdrawal penalties for CD specials are the same as those for standard CDs. CD specials automatically renew into a new CD with a term between three and six months, with a 10-day renewal grace period. The APYs for CD specials as of July 9, 2025, are 4.00% for four months, 3.75% for seven months, and 3.50% for 11 months. Customers with a qualifying relationship account can earn an additional 0.26%, 0.26%, and 0.26% APY, respectively.

Individual retirement account (IRA) CDs at Wells Fargo come with the same standard and relationship APYs as regular CD rates. Customers can choose CD special terms from four, seven, and 11 months, or opt for standard rates in monthly increments from one to 144 months. The minimum opening deposit for a CD special is $2,500, while standard CDs require just $1,000. Early withdrawal penalties for IRA CDs are the same as those for standard CDs, but customers may also receive a 10% penalty from the IRS if withdrawing funds before turning 59½. Standard IRA CDs will renew to the same term length, while special IRA CDs will renew with a term between three and six months, with a 10-day renewal grace period.

Business CDs at Wells Fargo can be a good fit for business owners who want to put their cash reserves to work. Similar to other CD options, business owners can choose between special fixed rate CDs with impressive returns (four, seven, and 11-month terms) and standard fixed-rate CDs (from one to 144 months). CD specials require a minimum deposit of $5,000, while standard rates require $2,500. However, unlike with its personal CDs, Wells Fargo doesn’t advertise any increased relationship APY for its Business CDs. The early withdrawal penalties, partial withdrawals, additional deposits, automatic renewal, and renewal grace period for business CDs are the same as those for standard CDs.

The APYs for business CDs as of July 9, 2025, are the same as those for standard CDs and CD specials. However, for deposits of $100,000 or more, the APYs for terms of 24 to 35 months, 36 to 47 months, 48 to 59 months, 60 to 71 months, and 72 to 144 months are 2.75%, 1.50%, 1.50%, 1.50%, and 1.50%, respectively.

Wells Fargo's CD rates are competitive, even without a Wells Fargo relationship. For example, as of July 9, 2025, Wells Fargo's APY for a three-month CD is 1.50%, compared to 2.00% at MoneyLion and N/A at Northern Bank Direct. For a four-month CD special, Wells Fargo offers an APY of 4.00%, while MoneyLion and Northern Bank Direct do not offer this term. For a six-month CD, Wells Fargo's APY is 1.50%, compared to 3.70% at MoneyLion and 4.60% at Northern Bank Direct. For a seven-month CD special, Wells Fargo offers an APY of 3.75%, while MoneyLion and Northern Bank Direct do not offer this term. For a nine-month CD, Wells Fargo does not offer this term, while MoneyLion offers an APY of 4.00% and Northern Bank Direct offers an APY of 4.50%. For an 11-month CD special, Wells Fargo offers an APY of 3.50%, while MoneyLion and Northern Bank Direct do not offer this term. For a 12-month CD, Wells Fargo's APY is 2.00%, compared to 4.00% at MoneyLion and 4.30% at Northern Bank Direct.

Wells Fargo is the fourth largest bank in the U.S. as of this writing, with $1.76 trillion in consolidated assets. As a leading financial institution, Wells Fargo CD rates are competitive and offer a way for depositors to earn a secure return on their investments. Its savings accounts can also deliver notably high APY. In terms of CDs vs. high-yield savings accounts, CDs will typically offer a superior return rate. But depending on your account balance, you could earn up to 2.51% APY from a Wells Fargo savings account, which is more generous than some CD terms offer. Another consideration when trying to decide between a Wells Fargo CD or savings account is the access you’ll have to your money. CDs typically penalize you for withdrawing your money before maturity—while savings accounts allow you to more freely manage your money, often with a limit of six withdrawals per month. In addition to CDs, Wells Fargo offers a wide variety of other banking products, including credit cards, checking, mortgages, personal loans, and investments.