Compound Interest Calculator
Savings Account from Wells Fargo Bank, National Association with 1.02% APY and $100,000 minimum deposit



Use or Change These Amounts and Rates

The product Savings Account from Wells Fargo Bank, National Association with 1.02% APY and $100,000 minimum deposit and a tax rate of 30 compounded annually, with an initial amount of $20,000, after 10 years would have grown your savings to approximately $22,136. The interest earned would be $2,136 and the tax amount on the interest earned would be approximately $641.

Please note that this analysis assumes a constant interest rate and doesn't take into account any fees associated with the savings account.

The Results for Wells Fargo Bank, National Association

Savings Boost of
$1,180 over 10 years
Cash Savings $20,000
Average Interest Earned $315

 
Wells Fargo Bank, National Association Interest Earned $1,495

 

 

See comparison detail table

This analysis is for demonstrative purposes only and may change should certain assumptions prove incorrect. Savings rates may change and CD rates may not be renewable for the length of the term of the analysis. The difference between the bank rate entered and the average rate may not remain constant throughout the term.

Comparison Detail Table Close X

Average Rate Scenario

Rate:
0.22%
Annual
Interest
Annual Interest
(After Tax)
1 20,000 45 31
2 20,045 45 31
3 20,089 45 31
4 20,134 45 31
5 20,179 45 31
6 20,224 45 32
7 20,269 45 32
8 20,314 45 32
9 20,360 45 32
10 20,405 46 32
TOTAL: $451 $315

Wells Fargo Bank, National Association Scenario

Rate:
1.02%
Annual
Interest
Annual Interest
(After Tax)
1 20,000 204 143
2 20,204 206 144
3 20,410 208 146
4 20,618 210 147
5 20,829 212 149
6 21,041 215 150
7 21,256 217 152
8 21,472 219 153
9 21,691 221 155
10 21,913 224 156
TOTAL: $2,136 $1,495

Take Action

The accounts below offer some of the best rates in the country can be opened online, and are available nationally. As the calculator shows, changing accounts to earn a higher interest rate can really add up over time.


Recent Rate Changes



Date APY
July 16, 2024 1.02%
August 20, 2023 1.01%


Featured CD Rates

ONLINE BANKS APY? MIN?

Last change: ↑0.05% on August 24.
Warning: Early withdrawal penalty equals six months of interest.

Last change: ↑0.85% on August 31.

Last change: ↓0.45% on May 13.
6 Month CD.

Last change: ↑4.00% on November 24, 2023.



Customer Reviews for Wells Fargo Bank, National Association


  • February 6, 2023

    after over 100k in transactions through this bank in the course of a year not only did i suffer from fraud but this bank closed my accounts and i have been lliable for all the losses and to top it off with all the great insurance that we are supposed to have to protect our money since they arent a financial services company that was denied also after the bank allowed other entities to treat me and my business as a "pass through entity" i didnt know that a first time business owner doing that kid of revenue was a pass through entity and could be disregarded. The American dream or the core of our international identity would dictate differently.

  • April 23, 2022

    Horrible! Customer service and services shrink every day!

  • August 30, 2021

    WELLS FARGO IS VERY EXPENSIVE just for a check acct,fees for EVERYTHING.I'm sick of them,WHO has cheaper checking accts,?

  • November 27, 2017

    Monsters!

  • November 20, 2017

    worst bank ever!!!!!!!!!!


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