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Wells Fargo vs Bank of America


 

Wells Fargo

Bank of America

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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 18.0.01% 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% APY. Terms of 3 months to 1 year. Minimum deposit of $2,500. Special CD: 0.05% APY. Terms of 5 months. Minimum deposit of $5,000. Bonus of up to 0.08% APY if you maintain a linked Portfolio by Wells Fargo relationship.Standard Term CD: 0.03% - 0.08% APY. Terms of 28 days to 10 years. Minimum deposit of $1,000. Featured CD: 0.10% APY. Terms of 7, 10, 13, 25, and 37 months. Minimum deposit of $10,000.
Money MarketAlso known as the Platinum Savings Account. 0.03% APY. Minimum opening deposit of $25. $12 monthly service fee, unless you maintain a minimum daily balance of $3,500. Bonus APY of 0.06% 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.Over 16,000 ATMs around the country.
IRA CDStandard Term CD: 0.01% - 0.05% APY. Terms of 1 month to 144 months. Minimum deposit of $1,000. Special CD: 0.05% APY. Terms of 5 months. Minimum deposit of $2,500. Bonus of up to 0.08% APY if you maintain a linked Wells Fargo Prime/Portfolio Checking account.Standard Term CD: 0.03% - 0.08% APY. Terms of 28 days to 10 years. Minimum deposit of $1,000. Featured CD: 0.10% APY. Terms of 7, 10, 13, 25, and 37 months. Minimum deposit of $2,000.
IRA Money Market0.03% 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

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 07/08/2020 based on 91107 zip code.

Bank of America: Pricing information from published website as of 07/08/2020 based on 91107 zip code.


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