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Wells Fargo vs Bank of America


 

Wells Fargo

Bank of America

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Consumer Checking Account - $400 Bonus - Learn More

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Advantage Plus Banking Checking Account - $100 Bonus - Learn More

Read Bank of America Review

 

Benefits and Features

Savings0.01% APY. Minimum opening deposit of $25. Monthly service fee of $5, unless you maintain a minimum daily balance of $300, or are under the age of 18.0.03% APY (up to 0.06% if enrolled in Preferred Rewards). $8 monthly maintenance fee, unless you have 1) daily balance of $500, 2) are a Bank of America Preferred Rewards Client, or 3) link your Rewards Savings Account to your Interest Checking Account. Minimum deposit of $100.
CDStandard Term CD: 0.05% - 0.35% APY. Terms of 3 months to 1 year. Minimum deposit of $2,500. Special CD: 1.15% - 1.50% APY. Terms of 9, 29, and 39 months. Minimum deposit of $5,000. Bonus of up to 1.55% APY if you maintain a linked Wells Fargo Prime/Portfolio Checking account.Standard Term CD: 0.03% - 0.75% APY. Terms of 28 days to 10 years. Minimum deposit of $1,000. Featured CD: 0.07% - 1.50% APY. Terms of 12, 13, 25, and 37 months. Minimum deposit of $10,000.
Money MarketAlso known as the Platinum Savings Account. 0.05% APY. Minimum opening deposit of $25. $12 monthly service fee, unless you maintain a minimum daily balance of $3,500. Bonus APY of 0.10% requires account linked to Portfolio by Wells Fargo┬« relationship. 
Customer ServiceAvailable 24 hours a day, 7 days a week.Mon-Fri: 8am - 9pm(ET)
Sat: 8am - 8pm (ET)
Sun: 8am-5pm (ET)
ATMsMore than 13,000 ATMs across the country.Approximately 15,900 ATMs around the country.
IRA CDStandard Term CD: 0.01% - 0.35% APY. Terms of 1 month to 114 months. Minimum deposit of $1,000. Special CD: 1.15% - 1.50% APY. Terms of 9, 29, and 39 months. Minimum deposit of $2,500. Bonus of up to 1.55% APY if you maintain a linked Wells Fargo Prime/Portfolio Checking account.Standard Term CD: 0.03% - 0.75% APY. Terms of 28 days to 10 years. Minimum deposit of $1,000. Featured CD: 0.07% - 1.50% APY. Terms of 12, 13, 25, and 37 months. Minimum deposit of $2,000.
IRA Money Market0.03% - 0.05% APY. $100 minimum opening deposit. 
LocationsApproximately 5,400 retail banking branches coast to coast.4600 retail financial centres around the country and brances in more than 40 other countries.
 

CreditDonkey® Reviews

Savings
CD
Checking
Customer Service
Mobile App
Pros & ConsPros:
  • National availability
  • Extended customer service hours
  • Full service bank
Cons:
  • No free checking option
  • Low interest rates
  • Many misc. banking fees
Bottom Line Read full reviewNational bank with widespread accessibility and wide range of services... Read full review

Consumer Checking Account - $400 Bonus

Blank fields may indicate the information is not available, not applicable, or not known to CreditDonkey. Please visit the product website for details.

Wells Fargo: Pricing information from published website as of 01/17/2020 based on 91107 zip code.

Bank of America: Pricing information from published website as of 1/16/2020 based on 91107 zip code.


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