Wells Fargo Bank: Savings Account

Decent Essays
I went to go visit Wells Fargo Bank on Saturday September 17, 2016. I talked to Natalie and she helped me get information regarding about the savings account and the checking accounts. I also go a little bit of information on the investment, she told me that Wells Fargo is not license for investment. In Wells Fargo they have five types of savings account. The first one is Way2save account in this account is design to make savings on a regular basis. It offers automatic transfer and an option to save more. The minimum deposit to open the account is $25 dollars. To avoid a monthly service fee, the minimum daily balance is $300 or you choose to a monthly automatic transfer of $25 or more from the checking account. You can also choose the Save …show more content…
The second option is the Opportunity Savings account. In this account it is a basic savings for customers not meeting regular Wells Fargo opening standards. The minimum to open the account is with $25 dollars and has a monthly fee as $5 dollars. To avoid the monthly service fee, the minimum daily balance of $300 dollars or have a monthly automatic transfer of $25 dollars or more to the Opportunity Checking account. In the Opportunity saving account it has an overdraft protection, but it does not include a limited checking writing. The third option is the Platinum savings account. The Platinum Savings Account is variable rate saving offering interest rates, available exclusively to Wells Fargo Checking Customs. The minimum to open the account is $50 and a monthly fee of $10 or avoided when requirements are met. To avoid the monthly service fee, you have to have a minimum daily balance of $3,500. It includes an overdraft protection and a checking writing. The Time Accounts (CDs) Saving Account is a guaranteed fixed interest rate with tiered rates. To open the account is a minimum of $2,500 or $1,000 for IRA. It does not include a monthly fee nor a monthly service fee. It also does not include the protection draft and the checking …show more content…
The first option is the PMA package. In this package it offers a competitive rate, discount, a meaningful benefit. The monthly fee is $30 and a minimum to open the account is $50. To avoid monthly fees is to have $25,000 or more in qualifying linked FDIC-insured accounts. It can also be avoided by having $50,000 or more in qualifying linked bank, credit balances, and a brokerage. The credit need to include a 10% of mortgage balances. There is no monthly service fee discount, but has a free access to online banking with bill pay, interest-earning checking account, free or discount checks, bonus interest rate on select savings, and a waived Wells Fargo ATM access fee at no Wells Fargo ATMs that has a limit 2 per free period combined in U.s or international or unlimited if you have 250,000 qualifying premiere checking balance. The second option to a checking account is the Preferred Checking. In this account is designed for customers with higher balances or Wells Fargo mortgage. The minimum to open the account in $50 and has a service fee of $15. To avoid monthly fee, you will have to have a minimum of $10,000 or more in combine deposits of can qualifying direct deposit totaling of $1,000 or more, or a linked Wells Fargo Home Mortgage. It includes a free access to online banking with bill pay, free or discount checks, interest-earning checking account, and a waived wells Fargo ATM access fees at non-Wells Fargo ATMs with one limit

Related Documents

  • Decent Essays

    This, according to the article I read would save around 1.5 trillion dollars. This means that the previous estimate of 3 trillion drops down to 1.5 trillion, and the actual tax increase is only 17.8% rather than 35.7% (Santens). This extra 17.8% does not have to apply to all tax brackets (the higher brackets could be taxed more), but for the sake of equality, let’s say it does. Say Joe earns $20,000. He gets taxed this extra 17.8%, meaning his tax burden goes up $3,560; he still receives a basic income of $12,000 a year though, so he actually gets an extra $8,440…

    • 1255 Words
    • 5 Pages
    Decent Essays
  • Decent Essays

    If under these conditions as a partnership, operating income will be taxed only once, so investors will receive $500,000 x (1-0.35) = $325,000. But as a corporation, operating income will be taxed once at the corporate level and again at the personal level at the capital gains tax rate of 15% percent, so investors will receive only $500,000 x (1-0.35)(1-0.15) = $276,250. The “corporate tax wedge” will be $48,750, or 9.75 percentage points. b. Now recalculate the tax disadvantage using the same income but with the maximum tax rates that existed before 2003.…

    • 1980 Words
    • 8 Pages
    Decent Essays
  • Decent Essays

    Meraki Company Case Study

    • 1475 Words
    • 6 Pages

    It is solved by multiplying the original compensation of four hundred forty-four (444) to 130% (444*130%). This equation will result to 577.2 compensation per day. Meanwhile, in premium pay with working during rest day and special day, the compensation in this column is solved by multiplying the original compensation rate four hundred Forty-four (444) to 150% (444*150%) that will result to six-hundred sixty-six pesos per day. Lastly, whenever an employee went to work during regular holiday but its his rest day, then it is also not covered in the increase of…

    • 1475 Words
    • 6 Pages
    Decent Essays
  • Decent Essays

    Big Bank Research Paper

    • 819 Words
    • 4 Pages

    Not only are all of these free; you can open them up online, which means that your choice will boil down to other factors—ranging from minimum balance requirements to waived ATM fees. Topping the list is the Bank5 Connect High-Interest Checking Account. This online-only bank offers a minimum deposit of $10—that’s less than you’ll probably spend on your next pharmacy run—and offers free online and mobile banking, bill pay and e-statements, along with a free first order of basic checks. Bank5 also boasts a UChoose Debit Rewards Program, where you can earn points redeemable for thousands of items online, including vacation packages, gift cards and electronics. The account also reimburses out-of-network ATM fees, up to $15 per monthly billing…

    • 819 Words
    • 4 Pages
    Decent Essays
  • Decent Essays

    In Option One, my total repayment is $2112. This makes Option Two to be more cheaper having an interest rate of 22.3%. The two options has a loan for the same term (1 year). By choosing both options, paying off debts faster will help to start savings earlier. I can pay the interest twice for Marble Finance and I will still have a good surplus if there is less personal expenses.…

    • 771 Words
    • 4 Pages
    Decent Essays
  • Decent Essays

    If we buy less health insurance, our taxes go up. Further, for someone in the 30% tax bracket, the incentive is to buy insurance until it’s worth only 70 cents on the dollar. For someone in the 50% bracket (which is where most of the decision makers are) the incentive is to buy insurance until its worth only 50 cents on the dollar”…

    • 1478 Words
    • 6 Pages
    Decent Essays
  • Decent Essays

    Make each payment 1 / 2 of the monthly payment totals. If you undertake this after a while, you will save around the interest you would have paid on that portion of the payment that came in early. Additionally it is worthwhile for making a minumum of one or two extra house payments on a yearly basis. With the money saved by not buying impulse or unnecessary items, a decent amount of cash can collect for payment toward the extra house…

    • 1479 Words
    • 6 Pages
    Decent Essays
  • Decent Essays

    $30,000 + $300 = $30,300 $30,300 – $10,000 = $20,300 New principal after payment and interest in $20,300 b) How much did you pay at the end of the loan overall? How does this differ from how much you would have paid overall had you not made a payment of $10,000 after 45 days? The total loan amount with interest was $30,250.75. By paying the $10000 45 days in advance I was able to save $49.25. If I did not pay any in advance I would of paid $30,300 total.…

    • 1103 Words
    • 5 Pages
    Decent Essays
  • Decent Essays

    I will have a one-time fee of .20 for the four-month listing. If I am estimating this business out for 5 years, that is a fee of $3.00. These expenses are all fixed as my price is set, even though half of the fees are a percentage (so usually the percentage costs would be variable). Again, I also don’t expect to sell more than 1 pair at a time. So my profit would be $2.96 per pair of earrings.…

    • 761 Words
    • 4 Pages
    Decent Essays
  • Decent Essays

    In age savings plans, employee contributions are taxed at the individual’s marginal income tax rate and the pension income is exempt. Whilst those to all other plans are tax-exempt up to DKK 51,700 (£41,400), with the excess taxed at a flat rate of 20%. Pension income is taxed at the individual’s marginal income tax rate and is generally on a programmed withdrawal and cannot be taken out earlier than five years before the official retirement age. Lump sums for all plans are taxed at a flat rate of 40%. However, an individual may transfer their pension to an age savings scheme prior to retirement in order to receive a tax reduction of 2.7%…

    • 1010 Words
    • 4 Pages
    Decent Essays

Related Topics