Wells Fargo $525 Savings Bonus
The Offer: Open a new savings account and receive a $525 bonus after completing promotion requirements. Offer expires February 25, 2025.
Eligibility:
- Nationwide.
- Not eligible to customers who have received any other consumer savings bonus within the last 12 months.
Step 1: Go to the Wells Fargo promotion offer page (link below) and enter your email to receive your offer code. Take the offer code to a Wells Fargo branch and open a personal savings account with a minimum opening deposit of $25.
Step 2: Deposit $25,000 or more in new money to your savings account within 30 days from account opening.
Step 3: Maintain at least a $25,000 balance for 90 days from account opening. Note: The funds need to be in the account by day 30, and then remain until day 90 from account opening. A $525 bonus will be deposited into your savings account within 30 days after completing requirements. See data points link below for reported payout dates.
Summary & Links
The Good:
-The bonus earned produces a solid comparable APY return of at least 11%. The exact amount will depend on how early you deposit the required $25,000.
-Can be completed again after a 12 month cool-off period.Â
-No EATF (early account termination fees).
-Quick bonus payout, according to recent DPs.
The Bad:
-Deposit amount is $25,000 and comes with a hold period.
-Way2Save Savings account has a MSF of $5. The fee is automatically waived the first two statement cycles. Fee can also be waived when meeting any of the following requirements:
- Owner of account is under 25 years old.
- Maintain a minimum daily balance of $300.
- Automatic transfer each fee period of $25 or more from a linked Wells Fargo checking account.
- 1 automatic transfer each business day within the fee period of $1 or more from a linked Wells Fargo checking account.
- 1 or more Save As You Go transfers from a linked Wells Fargo checking account.
Overall: A fairly easy nationwide bonus promotion for those who have the available funds and a Wells Fargo branch nearby.
Link to the Wells Fargo offer page: Wells Fargo $525 Bonus.
Link to our Wells Fargo Data Points page:Â Wells Fargo Data Points.
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