High-Yield Savings Account Comparison

Capital One vs. Wells Fargo

Compare rates, requirements, and features side-by-side to find the best option for you.

Analysis by Aviel Fahl
Updated December 6, 2025
Advertising Disclosure: We may earn a commission from partner links.

Capital One

360 Performance Savings

3.40%
APY
Dec 6, 2025
FDIC InsuredNo MinimumsGreat iOS AppGreat Android AppIn-Person Access
Show Fine Print & Trends
Min. Deposit$0
Min. Balance$0
Maintenance Fee$0
Compound FreqMonthly
Direct DepositNot required
Branch AccessOver 200 branches in Louisiana, Maryland, New Jersey, New York, Texas, Virginia and Washington, D.C.
Deposit InsuranceFDIC Insured(Cert: 4297)
EligibilityUnited States
Mobile Ratings
iOS:4.9Android:4.5
BBB Rating
A+(BBB Accredited)

Rate Stability

Rate Adjusted
-0.10%
Since 90 days ago
Read Bank Overview

Wells Fargo

Platinum Savings

0.05%
APY
Dec 6, 2025
FDIC InsuredHigh MinimumChecking BundleGreat iOS AppGreat Android AppIn-Person Access
Show Fine Print & Trends
Min. Deposit$25
Min. Balance$1,000,000
Maintenance Fee$12. Waived with $3,500 minimum daily balance.
Compound FreqDaily
Direct DepositNot required
Branch AccessWells Fargo offers branches and ATMs in 36 states and Washington, D.C.
Deposit InsuranceFDIC Insured(Cert: 3511)
EligibilityUnited States
Mobile Ratings
iOS:4.9Android:4.8
BBB Rating
D-(Not BBB Accredited)

Important Note

This is a tiered savings account where rates vary based on the balance. The 0.05% APY is available for balances of $1,000,000 or more, and 0.05% APY up to $99,999.99. These APYs require the account is linked to a Wells Fargo Premier checking account. See bank for more tiers and details.

Rate Stability

Rate Adjusted
-2.46%
Since 90 days ago
Read Bank Overview

Market Reality Check

Both of these banks offer rates below the current top tier. The best rates we track are currently above 4.25% APY.

See Top Rates

Comparison Analysis

Comparing Capital One vs. Wells Fargo

Updated: Dec 6, 2025

Why Capital One?

  • ✓Higher potential APY (3.40% vs 0.01%-0.05%) on all balances
  • ✓No checking account or direct deposit required

Why Wells Fargo?

  • ✓Offers 2 different high-yield savings options

— Key Feature Differences —

Better Returns at $10,000
Capital One

Capital One's 360 Performance Savings earns more on smaller deposits (approx. $340 vs $5/yr).

Better Returns at $25,000
Capital One

Capital One's 360 Performance Savings pulls ahead with larger amounts (approx. $850 vs $13/yr).

Best for Simplicity
Capital One

Capital One's 360 Performance Savings offers 3.40% APY with no bundling, direct deposit requirement or caps.

Shared Benefits

Available Nationwide Available to New & Existing Customers
The Bottom Line

Over a 1-year period, Capital One's 360 Performance Savings pays $335 more interest on a $10,000 balance than Wells Fargo's Platinum Savings.

Wells FargoCapital One
Automated Data Audit

Executive Summary

Capital One offers a competitive 360 Performance Savings account with an APY of 3.40%, providing better returns on both small and large deposits without any requirements for direct deposit or account bundling. In contrast, Wells Fargo's Way2Save Savings account yields a mere 0.01% APY, while its Platinum Savings account offers 0.05% APY, but only for substantial balances and requires linking to a checking account. Overall, Capital One's higher APY and simpler terms make it the clear winner.

Analysis generated based on current Banksparency database records

* AI-generated content provided for informational purposes only. Accuracy is not guaranteed; always verify details with the provider.

ExploreCapital OneExploreWells Fargo

Stop Losing Interest

See who beats both Capital One and Wells Fargo.

Compare All High-Yield Savings Accounts
Pibank
Pibank Savings
FDIC InsuredNo Minimums
4.60% APY
+1.20% vs Capital One
Better Rate
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Neighbors Bank
Neighbors Savings Account
FDIC InsuredNo MinimumsGreat Android App
4.50% APY
+1.10% vs Capital One
Better Rate
Neighbors Bank vs Capital OneNeighbors Bank vs Wells Fargo
Axos Bank
Axos ONE
FDIC InsuredNo MinimumsGreat iOS AppGreat Android App
4.31% APY
+0.91% vs Capital One
Better Rate
Axos Bank vs Capital OneAxos Bank vs Wells Fargo
FeatureCapital OneWells Fargo
APY
3.40%
Verified: 12/6/2025
↘︎ 0.10%90d Change
0.05%
Range: 0.05% - 0.05%
Verified: 12/6/2025
↘︎ 2.46%90d Change
Product Name360 Performance SavingsPlatinum Savings
Minimum Deposit$0$25
Min. Balance for APY$0$1,000,000
Monthly Fee$0$12. Waived with $3,500 minimum daily balance.
Branch AccessYesYes
Account Type
Online & Branches
Online & Branches
Direct Deposit Req.NoneNone
Checking BundleNo Yes
Mobile Apps
iOS4.9
Android4.5
iOS4.9
Android4.8
BBB RatingA+D-
Important Notes-This is a tiered savings account where rates vary based on the balance. The 0.05% APY is available for balances of $1,000,000 or more, and 0.05% APY up to $99,999.99. These APYs require the account is linked to a Wells Fargo Premier checking account. See bank for more tiers and details.
Next Steps
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Savings Comparison

Calculations based on current APY.
$
$

Capital One earns $2,021.9 more than Wells Fargo.

Capital One

360 Performance Savings

3.40% APY

Savings Breakdown

  • Interest Earned
    +$2,050.50(10.2%)
  • Total Contributions
    $13,000
  • Initial Deposit
    $5,000

Projected Balance

$20,050.50

Effective APY
3.40%
View Details

Wells Fargo

Platinum Savings

0.05% APY

Higher APY requires $1,000,000

Savings Breakdown

  • Interest Earned
    +$28.60(0.2%)
  • Total Contributions
    $13,000
  • Initial Deposit
    $5,000

Projected Balance

$18,028.60

Effective APY
0.05%
View Details

The Banksparency Savings Calculator provides estimated savings growth based on user input and our latest data.

📈 Compare Savings Rates Over Time

Historical Performance

Last 5 Months Analysis
MetricCapital OneWells Fargo
360 Performance SavingsPlatinum SavingsWay2Save Savings
Current APY
3.40%0.05%0.01%
Trend
 Stable Stable Stable
Velocity (bps/mo)
-3.1-72.00.0
Days Since Change
6650143
5-Month High
3.50%2.51%0.01%
5-Month Low
3.40%0.05%0.01%
Adjustments / Mo
0.210.630.00
Volatility Score
0.0140.8430.000
How to read these metrics(Click to expand)

Trends & Velocity

  • Trend: The general direction of the rate over the analyzed period. Useful for spotting if a bank is currently aggressive or pulling back.
  • Velocity (bps/mo): Speed of change. A high positive number means they raise rates quickly. 10 bps = 0.10%.
  • Adjustments/Mo: "Twitchiness." High frequency means the rate changes constantly; low frequency means it's stable.

Risk & Range

  • High/Low: The absolute ceiling and floor of the rate during the 144-day window.
  • Volatility Score: Lower is better for predictability. It indicates how wildly the rate swings relative to its average.
  • Days Since Change: If this number is high (e.g., >90), the rate is very sticky. If low, it changed recently.

Compare Similar Alternatives

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Comparing against Standard Savings

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PibankNo Bundle Req
4.60%
APY
vs Capital One
Neighbors BankNo Bundle Req
4.50%
APY
vs Capital One
TIMBRNo Bundle Req
4.40%
APY

Compare Wells Fargo vs...

Comparing against other Bundled Accounts

vs Wells Fargo
Axos BankChecking Bundle
4.31%
APY
vs Wells Fargo
SoFi BankChecking Bundle
4.30%
APY
vs Wells Fargo
Presidential BankChecking Bundle
4.00%
APY

More Comparisons

Compare Capital One's APY of 3.40% with other banks
Bank PairCompetitor APYMin Deposit
Capital One vs Ally Bank3.30%$0
Capital One vs American Express3.40%$0
Capital One vs Axos Bank4.31%$0
Capital One vs Bank of America0.01%$100
Capital One vs Barclays4.00%$0
Capital One vs Bask Bank3.90%$0
Capital One vs BMO Alto3.25%$0
Capital One vs BrioDirect4.00%$5,000
Capital One vs Chase Bank0.01%$0
Capital One vs Chime3.50%$0
Capital One vs CIT Bank3.75%$100
Capital One vs Citibank3.30%$0
Capital One vs Citizens Access™3.35%$0.01
Capital One vs Climate First Bank4.21%$50
Capital One vs Discover Bank3.40%$0
Capital One vs Elevault4.08%$0
Capital One vs EverBank4.05%$0
Capital One vs Fitness Bank4.75%$100
Capital One vs FNBO Direct3.00%$1
Capital One vs Forbright Bank4.00%$0
Capital One vs FVCbank3.85%$500
Capital One vs GO2bank4.50%$0
Capital One vs Ivy Bank4.25%$2,500
Capital One vs LendingClub4.20%$0
Capital One vs Marcus by Goldman Sachs3.65%$0
Capital One vs Neighbors Bank4.50%$0
Capital One vs Newtek Bank4.35%$0.01
Capital One vs Openbank4.20%$500
Capital One vs Peak Bank4.20%$100
Capital One vs Pibank4.60%$0
Capital One vs PNC3.53%$0
Capital One vs Presidential Bank4.00%$5,000
Capital One vs Quontic Bank3.75%$100
Capital One vs Salem Five Direct3.71%$10
Capital One vs Santander Bank0.01%$25
Capital One vs SoFi Bank4.30%$0
Capital One vs Synchrony Bank3.65%$0
Capital One vs TIMBR4.40%$1,000
Capital One vs UFB Direct3.71%$5000
Capital One vs Valley Direct4.10%$1,000
Capital One vs Varo Bank5.00%$0
Capital One vs Vio Bank4.16%$100
Capital One vs Wealthfront4.15%$0
Capital One vs Zynlo Bank4.05%$10
Compare Wells Fargo's APY of 0.05% with other banks
Bank PairCompetitor APYMin Deposit
Wells Fargo vs Ally Bank3.30%$0
Wells Fargo vs American Express3.40%$0
Wells Fargo vs Axos Bank4.31%$0
Wells Fargo vs Bank of America0.01%$100
Wells Fargo vs Barclays4.00%$0
Wells Fargo vs Bask Bank3.90%$0
Wells Fargo vs BMO Alto3.25%$0
Wells Fargo vs BrioDirect4.00%$5,000
Wells Fargo vs Chase Bank0.01%$0
Wells Fargo vs Chime3.50%$0
Wells Fargo vs CIT Bank3.75%$100
Wells Fargo vs Citibank3.30%$0
Wells Fargo vs Citizens Access™3.35%$0.01
Wells Fargo vs Climate First Bank4.21%$50
Wells Fargo vs Discover Bank3.40%$0
Wells Fargo vs Elevault4.08%$0
Wells Fargo vs EverBank4.05%$0
Wells Fargo vs Fitness Bank4.75%$100
Wells Fargo vs FNBO Direct3.00%$1
Wells Fargo vs Forbright Bank4.00%$0
Wells Fargo vs FVCbank3.85%$500
Wells Fargo vs GO2bank4.50%$0
Wells Fargo vs Ivy Bank4.25%$2,500
Wells Fargo vs LendingClub4.20%$0
Wells Fargo vs Marcus by Goldman Sachs3.65%$0
Wells Fargo vs Neighbors Bank4.50%$0
Wells Fargo vs Newtek Bank4.35%$0.01
Wells Fargo vs Openbank4.20%$500
Wells Fargo vs Peak Bank4.20%$100
Wells Fargo vs Pibank4.60%$0
Wells Fargo vs PNC3.53%$0
Wells Fargo vs Presidential Bank4.00%$5,000
Wells Fargo vs Quontic Bank3.75%$100
Wells Fargo vs Salem Five Direct3.71%$10
Wells Fargo vs Santander Bank0.01%$25
Wells Fargo vs SoFi Bank4.30%$0
Wells Fargo vs Synchrony Bank3.65%$0
Wells Fargo vs TIMBR4.40%$1,000
Wells Fargo vs UFB Direct3.71%$5000
Wells Fargo vs Valley Direct4.10%$1,000
Wells Fargo vs Varo Bank5.00%$0
Wells Fargo vs Vio Bank4.16%$100
Wells Fargo vs Wealthfront4.15%$0
Wells Fargo vs Zynlo Bank4.05%$10