Wells Fargo High Performance Money Market Account

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Wells fargo high performance money market account. For class a the maximum front end sales charge is 5 75. Ii deposit 25 000 or more in new money to the enrolled account. Current performance may be lower or higher than the performance data quoted and assumes the reinvestment of dividends and capital gains. Wells fargo bank money market account offers an apy starting at 0 01 apy stands for annual percentage yield rates may change.

Wells fargo retirement high yield savings. This special interest rate offer is available only in branches. Wells fargo bank reviews. Performance shown without sales charges would be lower if sales charges were reflected.

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. And iii maintain a minimum daily balance of 25 000 in the enrolled 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.

What are the wells fargo bank money market account rates. Checking savings cd money market and ira accounts editorial note. Plus there may be other strings attached a large minimum opening deposit a high minimum monthly balance requirement monthly. 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.

The content of this article is based on the author s opinions and recommendations alone. Money market accounts are similar to savings accounts but they require you to maintain a higher balance to avoid a monthly service fee. Wells fargo s fake account scandal continues to haunt the big bank exacerbating headaches caused by shrinking interest rates. 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.

Wells fargo bank money market account rates and terms. To receive the bonus apy you must maintain a linked wells fargo prime checking or wells fargo portfolio checking. 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. For class c the maximum contingent deferred sales charge is 1 00.