If you’re becoming a Wells Fargo customer with this CD, you’ll need to set up your account, which should only take a few minutes. It’s easy to open a Wells Fargo CD online, especially when you already have an account with the bank. Yet, early withdrawal penalties apply if you cash out your CD principal before its maturity date. You don’t have to worry about any type of account or maintenance fees here. But you’d be better off researching for a better yield elsewhere.
those that pay less yield, require only $2,500, which is certainly more attainable.
Therefore, it’s more useful to established savers, especially those already banking with Wells Fargo. However, you’ll need a $5,000 minimum opening deposit for it, which is double the required minimum amount for its other CDs. Currently, Wells Fargo’s 11-month CD special is, by far, the most competitive option, especially if you already bank with Wells Fargo and get to take advantage of that 5.26% APY.
