Available nationwide, Wells Fargo is most known for its personal checking bonuses; however, this time around Wells Fargo has a savings offer that's pretty solid! Wells Fargo is offering a $525 welcome bonus when you open a new personal savings account and maintain a minimum balance. The minimum balance is a little steep, but very reasonable for the bonus amount.
What's even more? You can stack this offer with their checking account bonus to earn a total of $850.
How To Earn The Bonus
The Wells Fargo Way2Save® Savings promotion requires you to deposit and maintain a minimum balance in order to earn the $525 bonus (step-by-step breakdown is listed above!).
As with any offer, don't forget to read the fine print before opening your new account. It's where the bank will clearly state who is eligible for the deal along with any nuances you'll want to be aware of.
The fine print
- Must be a first time savings customer.
- Must not have received any other consumer savings offer bonus or promotional rate that required a bonus offer code within the past 12 months.
- All Wells Fargo consumer savings accounts are eligible for this offer with the exception of Time Accounts (CDs) and savings accounts offered by Wells Fargo Private Bank.
Open a Way2Save® Savings account before the bonus expires on January 7, 2025
How does this personal savings offer from Wells Fargo compare?
To help you determine how this bonus stacks against the rest, here are some of the most popular offers available right now:
Barclays
Barclays Tiered Savings
- Bonus
- $200
- Account Type
- Personal Savings
- Expires In
- 19 days
- Requires
- Min Balance
Live Oak
Live Oak business savings
- Bonus
- $200
- Account Type
- Business Savings
- Expires In
- 26 days
- Requires
- Min Balance
TD Bank
Personal Savings Account
- Bonus
- $200
- Account Type
- Personal Savings
- Expires In
- 13 days
- Requires
- Min Balance
Why Wells Fargo Bank?
No matter how you look at it, Wells Fargo is huge. It's the fourth largest national bank in the United States and the 26th largest corporation of any kind.
With 13,000 ATM locations and 5,300 full-service branches, Wells Fargo has more brick and mortar locations than any other financial institution in the country. The bank also operates internationally, with a presence in 35 countries and over 70 million global customers.
Wells Fargo is based out of San Francisco, California, and offers bank accounts, credit cards, investment and retirement accounts, personal loans, wealth management services, and more.
Learn more in our Wells Fargo Bank review
Way2Save® Savings
Fees
Way2Save® Savings does charge a monthly maintenance fee of $5, but there are ways to get this waived:
- Maintain a $300 minimum daily balance.
- OR, make 1 automatic transfer each fee period of $25 or more from a linked Wells Fargo checking account.
- OR, make 1 automatic transfer each business day within the fee period of $1 or more from a linked Wells Fargo checking account.
- OR, make 1 or more Save As You Go® transfers from a linked Wells Fargo checking account.
- OR, be 24 years old or under.
Apply now for a Way2Save® Savings account to earn the $525 bonus offer
Share Your Thoughts or Questions
There have been 3 comments about the Wells Fargo Way2Save® Savings $525 Bonus.
RG
August 30I did it 5 months ago and I would do it again but you can't do twice within 12 months . I was concerned that they would take the full 30 days to put the bonus into the account so at 93 days I withdrew $24700.00 and put it in a better interest account (I left 300 in to keep the account open and to avoid the service fee) and to my surprise they deposited the bonus 7 days later so it took 100 days, and the next day I closed the account.
Funny thing though, when I withdrew the 24700 they charged me $10.00 for the check but when I closed the account they gave me a check for free, that was crazy !
Reply to RG
Nicholas
November 15, 2023If you don't have a Wells Fargo branch near you, can you open this while traveling? Or is there a way to call in and get it? Just wondering if anyone has any experience with this; this is one of the few bonuses I haven't done.
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