The Way2Save account may have served a portion of savers years ago, but it’s among the worst places to store your savings today. You’ll find better rates and fees at online banks or high-yield savings accounts.<\/p>\n\n\n\n
Wells Fargo offers a basic FDIC-insured savings account called Way2Save with a base APY of 0.01%. It can be paired with a checking account and has a few special features, including the ability to earn interest on non-recurring debit card purchases and bill payments made through Wells Fargo Online (r) or Bill Pay.<\/p>\n\n\n\n
It’s easy to open a Way2Save account by visiting a branch or online. There is no minimum deposit, but you’ll need a Wells Fargo checking account to link it to. You’ll also need a debit or ATM card to access funds at the bank’s branches and ATMs.<\/p>\n\n\n\n
In addition to the base APY for the Way2Save savings account, you can earn higher relationship rates when you have an eligible linked checking account with Wells Fargo. If you’re a Portfolio by Wells Fargo customer, you can even qualify for an extra 0.25% to 0.50% if you meet certain criteria.<\/p>\n\n\n\n
Considering the low APY for the Way2Save account, you’ll be much better off with an online savings account from a competing institution. The best money market accounts, for example, offer competitive APYs and a mobile app that’s available for all of your devices. You can also earn higher interest with a certificate of deposit from an online bank or credit union.<\/p>\n","protected":false},"excerpt":{"rendered":"
The Way2Save account may have served a portion of savers years ago, but it’s among the worst places to store your savings today. You’ll find better rates and fees at online banks or high-yield savings accounts. Wells Fargo offers a basic FDIC-insured savings account called Way2Save with a base APY of 0.01%. It can be…<\/p>\n","protected":false},"author":2,"featured_media":1064,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[26],"tags":[88],"class_list":["post-1063","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-blog","tag-wells-fargo"],"_links":{"self":[{"href":"https:\/\/www.weposttoday.com\/wp-json\/wp\/v2\/posts\/1063","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.weposttoday.com\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.weposttoday.com\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.weposttoday.com\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.weposttoday.com\/wp-json\/wp\/v2\/comments?post=1063"}],"version-history":[{"count":1,"href":"https:\/\/www.weposttoday.com\/wp-json\/wp\/v2\/posts\/1063\/revisions"}],"predecessor-version":[{"id":1065,"href":"https:\/\/www.weposttoday.com\/wp-json\/wp\/v2\/posts\/1063\/revisions\/1065"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.weposttoday.com\/wp-json\/wp\/v2\/media\/1064"}],"wp:attachment":[{"href":"https:\/\/www.weposttoday.com\/wp-json\/wp\/v2\/media?parent=1063"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.weposttoday.com\/wp-json\/wp\/v2\/categories?post=1063"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.weposttoday.com\/wp-json\/wp\/v2\/tags?post=1063"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}