Wells Fargo Bank CD Rates
The stagecoach is the symbol of the Wells Fargo Bank. CD rates from this financially secure bank are not only competitive, but in most cases above the national average.
When deciding on which bank to hold your investments consider Wells Fargo Bank. This is the second largest bank in America by market cap and the fourth largest by assets. This financial institution was awarded an AAA rating by S&P in 2007, the only American bank to do this. When it comes to deposits, home mortgages and debit cards, Wells Fargo Bank is second largest in the nation. As of July 2009 this bank had total assets of $1.284 trillion and a total equity in 2008 was at $99.08 billion.
Wells Fargo online banking is full service including the purchases of a Wells Fargo bank CD. Rates do vary but are currently at 2.30% APY for the 24 month CD that is renewable for 25 months. This is the best rate at the moment. There is a $5000 deposit required. There are penalties for early withdraw.
The CD’s at Well Fargo Bank have the usual restrictions but there are also some unique features of their CD’s. This bank offers a seven day grace period at the maturity of the CD. During the grace period the investor has several options. They can do nothing and the CD will automatically renew. The investor can withdraw all or part of the funds without any penalty or the selection of a new maturity term can be chosen. This is also the time additional deposits can be made.
A Wells Fargo CD can be purchase online or in person at any one of the local branch offices. For current Wells Fargo Bank CD rates go online. The rates are updated weekly.