The Wells Fargo Bank CD rates is where the Highest CD Rates has decided to focus today. Unlike almost every other update, this one is does not have to report a drop in the Wells Fargo Bank certificate of deposit rates. What does have to be reported is that a few of the terms in the promotional rates have been shortened.
The Current CD rates for the promotional specials include the 9 month CD that is earning an APY of 0.15% and will renew as a 6 month CD at maturity.
The 26 month CD is earning an APY of 0.55% and renews as a 2 year CD. The 39 month CD is earning an APY of 0.90% and will renew as a 3 year CD at maturity.
The Best CD Rates are from the 58 month CD that is earning an APY of 1.15% and will renew as a 4 year CD at maturity.
These promotional CD rates require a minimum deposit of $5,000.
The standard CDs include the 3 month CD that is earning an APY of 0.01%. The 6 month CD is earning an APY of 0.05%. The 1 year CD is earning an APY of 0.05%. These are the same CD rates as Wachovia Bank is offering. This is expected since Wells Fargo and Wachovia have now merged most of their business services together.
The minimum deposit required for the standard CDs is $2,500.
The Wells Fargo CD rates were posted on February 4, 2012 but are subject to change without notice.
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