Wells Fargo is a nationwide bank with locations all over the United States. Because of their large size, they are able to offer Certificates of Deposit (CDs) with great rates for a minimum of $5,000. You can purchase one of these “special offer” CDs for increments of 11 months, 33 months, 44 months, or as much as 58 months.
Additionally, Wells Fargo offers more “conventional” CDs with different rates and limits. These come in a wider array of lengths of time (3 months to 1 year), and for minimal opening deposits ($2,500). If you wish to renew your CD, there is no need to act; CDs are renewed at the best current interest rate automatically. If you wish to cash in your investment, you have a seven day grace period with which to withdraw some or all of your money. You can also move it into a different length CD if you wish. Wells Fargo CDs can be opened online or in person at a Wells Fargo location. Their customer service is unparalleled in the banking business and you can reach them 24 hours per day.
If you are looking for a reliable, “name brand” investment, Wells Fargo is one of your best choices. Not only are their CDs FDIC insured up to $250,000—they come with the Wells Fargo name, a mark of distinction in the banking industry. A Wells Fargo CD or group of CDs can be just what your financial portfolio requires in order to better prepare for the future.