Step Up Cd Wells Fargo

At maturity the step rate cd will automatically renew as a standard non step 24 month fixed rate cd time account at the interest rate and apy in effect for cds not subject to a special offer rate unless the bank has notified you otherwise.

Step up cd wells fargo. Subject to completion preliminary terms supplement dated april 9 2015. Yes your wells fargo bank cd accounts are insured up to 250 000 per person by the federal deposit insurance corporation fdic. A variation on the step up cd is the bump up cd. Dps monthly deposit.

Apy annual percentage yield the apy annual percentage yield is a percentage rate that reflects the total amount of interest paid on the account based on the interest rate and the frequency of compounding for a 365 day period 366 in a leap year. You can go to any of well fargo s physical locations. The fdic is an independent agency of the united states government that protects you against the loss of your insured deposits if an fdic insured bank or savings association fails. Guaranteed automatic rate increases occur at seven.

Unlike the fixed rate cd option that can be opened online you can only open a step rate cd in person at a wells fargo branch. In the event you choose to sell a cd in the secondary market you may receive less in sale. It provides a variation on the simple fixed rate cd by offering a predetermined. Withdrawals will reduce earnings.

Other than step rate cds rates are fixed for the term of the cd. Wells fargo bank n a. Wells fargo cds time accounts give you guaranteed fixed rates and a choice of terms. While some banks like u s.

May pay for any cd purchased in the secondary market will include a mark up established by wells fargo advisors. The step up cd is typically issued only in callable form. Public funds are not eligible for this offer. You can also make an appointment online or by calling 1 800 869 3557.

The step rate cd account can be opened only at a wells fargo branch. How to get a wells fargo step rate cd. A step rate cd is a 24 month cd featuring guaranteed interest rate increases and penalty free withdrawals every six months provided the minimum opening balance is maintained. Step up your savings with an interest rate increase every seven months.

Every seven months the interest rate increases during this cd s 28 month term. Step rate cds wells fargo cd time account category. Terms supplement dated 2015 to disclosure statement dated january 1 2015. The final terms of the cds will be determined on the pricing date and will be set forth in the final terms.

Callable step up certificates of deposit. That way you know up front what your rate increases will be. Step rate cds have a variable interest rate that is increased every six months. Wells fargo offers a two year step up cd with rate increases at seven 13 and 19 months.

Here s how wells fargo cd rates compare to other banks.