To help support our reporting work, and to continue our ability to provide this content for free to our readers, we receive compensation from the companies that advertise on the Forbes Advisor site. The Forbes Advisor editorial team is independent and objective. You can use our savings calculator to see how much you could save at a higher rate. With the base 0.01% APY for Wells Fargo savings accounts, the interest you’ll earn over a 10-year period is meager-$1 over a decade. Wells Fargo pays accrued interest when it hits at least $0.01. The daily balance in your account determines how much interest you earn. Interest for Wells Fargo savings accounts is compounded daily and paid monthly. The Platinum Savings account charges a $12 monthly service fee, but you can avoid it by maintaining a $3,500 minimum daily balance each fee period.
Overview of Wells Fargo Savings Interest Rates 0.01% (0.02% relationship rate for Wells Fargo customers who link to an eligible checking account)