High-Yield Savings Account Comparison

Chase Bank 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.

Chase Bank

Chase Savings℠

0.01%
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$5
Compound FreqMonthly
Direct DepositNot required
Deposit InsuranceFDIC Insured(Cert: 628)
EligibilityUnited States
Mobile Ratings
iOS:4.8Android:4.6
BBB Rating
A-(Not BBB Accredited)

Important Note

APY may vary by market. The maintenance fee may be waived under some circumstances, such as if the account balance is maintained with at least $300 each day, or you set up automatic transfers from a linked Chase account, etc.

Rate Stability

Very StableNo rate changes in last 90 days
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 Chase Bank vs. Wells Fargo

Updated: Dec 6, 2025

Why Chase Bank?

  • ✓No checking account or direct deposit required

Why Wells Fargo?

  • ✓Physical branch access (Wells Fargo offers branches and ATMs in 36 states and Washington, D.C.)
  • ✓Offers 2 different high-yield savings options

Shared Benefits

Available Nationwide Available to New & Existing Customers
The Bottom Line

Over a 1-year period, Wells Fargo's Platinum Savings pays $4 more interest on a $10,000 balance than Chase Bank's Chase Savings℠.

Chase BankWells Fargo
Automated Data Audit

Executive Summary

Wells Fargo offers a competitive savings product, the Platinum Savings account, with an APY of 0.05%, which is significantly higher than Chase Bank's Chase Savings℠ account, which has an APY of 0.01%. However, the Platinum Savings requires a minimum balance of $1,000,000 and must be linked to a Wells Fargo Premier checking account to earn this rate. For those looking for a more accessible option, Wells Fargo also provides the Way2Save Savings account with a comparable APY of 0.01%, requiring a minimum deposit of $25. Both banks have maintenance fees of $5, which can be waived under certain conditions.

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.

ExploreChase BankExploreWells Fargo

Stop Losing Interest

See who beats both Chase Bank and Wells Fargo.

Compare All High-Yield Savings Accounts
Pibank
Pibank Savings
FDIC InsuredNo Minimums
4.60% APY
+4.55% vs Wells Fargo
Better Rate
Pibank vs Chase BankPibank vs Wells Fargo
Neighbors Bank
Neighbors Savings Account
FDIC InsuredNo MinimumsGreat Android App
4.50% APY
+4.45% vs Wells Fargo
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Neighbors Bank vs Chase BankNeighbors Bank vs Wells Fargo
Axos Bank
Axos ONE
FDIC InsuredNo MinimumsGreat iOS AppGreat Android App
4.31% APY
+4.26% vs Wells Fargo
Better Rate
Axos Bank vs Chase BankAxos Bank vs Wells Fargo
FeatureChase BankWells Fargo
APY
0.01%
Verified: 12/6/2025
Stable (90d)
0.05%
Range: 0.05% - 0.05%
Verified: 12/6/2025
↘︎ 2.46%90d Change
Product NameChase Savings℠Platinum Savings
Minimum Deposit$0$25
Min. Balance for APY$0$1,000,000
Monthly Fee$5$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
iOS4.8
Android4.6
iOS4.9
Android4.8
BBB RatingA-D-
Important NotesAPY may vary by market. The maintenance fee may be waived under some circumstances, such as if the account balance is maintained with at least $300 each day, or you set up automatic transfers from a linked Chase account, etc.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.
$
$

Wells Fargo earns $22.9 more than Chase Bank.

Chase Bank

Chase Savings℠

0.01% APY

Savings Breakdown

  • Interest Earned
    +$5.70(0.0%)
  • Total Contributions
    $13,000
  • Initial Deposit
    $5,000

Projected Balance

$18,005.70

Effective APY
0.01%
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
MetricChase BankWells Fargo
Chase Savings℠Platinum SavingsWay2Save Savings
Current APY
0.01%0.05%0.01%
Trend
 Stable Stable Stable
Velocity (bps/mo)
-0.0-72.00.0
Days Since Change
14350143
5-Month High
0.01%2.51%0.01%
5-Month Low
0.01%0.05%0.01%
Adjustments / Mo
0.000.630.00
Volatility Score
0.0000.8430.000
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.

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Compare Wells Fargo vs...

Comparing against other Bundled Accounts

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Axos BankChecking Bundle
4.31%
APY
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4.30%
APY
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Presidential BankChecking Bundle
4.00%
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More Comparisons

Compare Chase Bank's APY of 0.01% with other banks
Bank PairCompetitor APYMin Deposit
Chase Bank vs Ally Bank3.30%$0
Chase Bank vs American Express3.40%$0
Chase Bank vs Axos Bank4.31%$0
Chase Bank vs Bank of America0.01%$100
Chase Bank vs Barclays4.00%$0
Chase Bank vs Bask Bank3.90%$0
Chase Bank vs BMO Alto3.25%$0
Chase Bank vs BrioDirect4.00%$5,000
Chase Bank vs Capital One3.40%$0
Chase Bank vs Chime3.50%$0
Chase Bank vs CIT Bank3.75%$100
Chase Bank vs Citibank3.30%$0
Chase Bank vs Citizens Access™3.35%$0.01
Chase Bank vs Climate First Bank4.21%$50
Chase Bank vs Discover Bank3.40%$0
Chase Bank vs Elevault4.08%$0
Chase Bank vs EverBank4.05%$0
Chase Bank vs Fitness Bank4.75%$100
Chase Bank vs FNBO Direct3.00%$1
Chase Bank vs Forbright Bank4.00%$0
Chase Bank vs FVCbank3.85%$500
Chase Bank vs GO2bank4.50%$0
Chase Bank vs Ivy Bank4.25%$2,500
Chase Bank vs LendingClub4.20%$0
Chase Bank vs Marcus by Goldman Sachs3.65%$0
Chase Bank vs Neighbors Bank4.50%$0
Chase Bank vs Newtek Bank4.35%$0.01
Chase Bank vs Openbank4.20%$500
Chase Bank vs Peak Bank4.20%$100
Chase Bank vs Pibank4.60%$0
Chase Bank vs PNC3.53%$0
Chase Bank vs Presidential Bank4.00%$5,000
Chase Bank vs Quontic Bank3.75%$100
Chase Bank vs Salem Five Direct3.71%$10
Chase Bank vs Santander Bank0.01%$25
Chase Bank vs SoFi Bank4.30%$0
Chase Bank vs Synchrony Bank3.65%$0
Chase Bank vs TIMBR4.40%$1,000
Chase Bank vs UFB Direct3.71%$5000
Chase Bank vs Valley Direct4.10%$1,000
Chase Bank vs Varo Bank5.00%$0
Chase Bank vs Vio Bank4.16%$100
Chase Bank vs Wealthfront4.15%$0
Chase Bank 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 Capital One3.40%$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