MutualOne Bank vs. Wells Fargo
Compare rates, requirements, and features side-by-side to find the best option for you.
| Metric | MutualOne BankMo Premium Savings Jan 7, 2026 | Wells FargoPlatinum Savings Jan 7, 2026 |
|---|---|---|
| APY | 4.07% | 0.05% |
Est. Earnings | $5,000+$0 $10,000+$0 $25,000+$1,018 | $5,000+$3 $10,000+$5 $25,000+$13 |
Min Deposit | $20,000 | $25 |
Snapshot view. Rates subject to change. | ||
Terms | - | 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. |
| Features | FDIC InsuredHigh MinimumGreat iOS AppGreat Android AppIn-Person AccessZelle® Supported | FDIC InsuredHigh MinimumGreat iOS AppGreat Android AppIn-Person AccessZelle® SupportedChecking Bundle |
Market Reality Check
Both of these banks offer rates below the current top tier. The best rates we track are currently above 4.21% APY.
Comparison Analysis
Comparing MutualOne Bank vs. Wells Fargo
As of MutualOne Bank offers an APY of 4.07% for its Mo Premium Savings account, with a minimum balance of $20,000, compared to Wells Fargo's 0.05% APY for its Platinum Savings account, with a minimum balance of $1,000,000.
MutualOne Bank pays $402 more than Wells Fargo on a $10,000 balance after one year. MutualOne Bank pays $407, while Wells Fargo pays $5 - an APY advantage for MutualOne Bank.
In addition, MutualOne Bank also offers 0.40% APY for the Online Savings account, with a minimum balance of 0, while Wells Fargo offers 0.01% APY for the Way2Save Savings account, with a minimum balance of $0.
Why MutualOne Bank?
- ✓Higher potential APY (4.07% vs 0.01%-0.05%)
- ✓No checking account or direct deposit required
Why Wells Fargo?
- ✓Higher rated Android app (4.8 vs 4.4)
- ✓Offers 2 different high-yield savings options
— Key Feature Differences —
Better Returns at $25,000
MutualOne BankMutualOne Bank's Mo Premium Savings pulls ahead with larger amounts (approx. $1018 vs $13/yr).
Best for Simplicity
MutualOne BankMutualOne Bank's Mo Premium Savings offers 4.07% APY with no bundling, direct deposit requirement or caps.
Shared Benefits
Over a 1-year period, MutualOne Bank's Mo Premium Savings pays $402 more interest on a $10,000 balance than Wells Fargo's Platinum Savings.
*This calculation assumes current rates remain consistent for 1 year and does not include temporary bonuses.
Executive Summary as of
MutualOne Bank offers a standout Mo Premium Savings account with an impressive 4.07% APY, requiring a minimum deposit and balance of $20,000, with no direct deposit requirement or maintenance fees. In contrast, Wells Fargo's highest-yielding product, the Platinum Savings account, provides only 0.05% APY, necessitating a minimum balance of $1,000,000 and linking to a checking account for the best rates. For those seeking a simpler option, MutualOne also has an Online Savings account with a 0.40% APY, but the Mo Premium Savings remains the clear winner in terms of returns.
The analysis is based on current Banksparency database records
* This content is provided for informational purposes only; always verify details with the provider.
Non-sponsored link to official site
Non-sponsored link to official site
Top Market Contenders
MutualOne Bank vs. Wells Fargo Savings Calculator
You earn $804 more with MutualOne Bank than Wells Fargo on a $20,000 initial deposit for 1 year*.
*This calculation assumes that APYs remain unchanged for 1 year, and takes into account known promo rate periods, but does not factor in bonuses. You can see how often these banks have changed their rates in the Compare Savings Rates Over Time section below.
MutualOne Bank
Mo Premium Savings
Savings Breakdown
- Interest Earned+$814.00(3.9%)
- Total Contributions$0
- Initial Deposit$20,000
Projected Balance
$20,814.00
Wells Fargo
Platinum Savings
Higher APY requires $1,000,000
Savings Breakdown
- Interest Earned+$10.00(0.0%)
- Total Contributions$0
- Initial Deposit$20,000
Projected Balance
$20,010.00
The Banksparency Savings Calculator provides estimated savings growth based on user input and our latest data.
| Feature | MutualOne Bank | Wells Fargo |
|---|---|---|
| APY | 4.07% Verified: 1/7/2026 Stable (90d) | 0.05% Range: 0.05% - 0.05% Verified: 1/7/2026 ↘︎ 2.46%90d Change |
| Product Name | Mo Premium Savings | Platinum Savings |
| Minimum Deposit | $20,000 | $25 |
| Min. Balance for APY | $20,000 | $1,000,000 |
| Monthly Fee | $0 | $12. Waived with $3,500 minimum daily balance. |
| Branch Access | Yes | Yes |
| Account Type | Online & Branches | Online & Branches |
| Direct Deposit Req. | None | None |
| Checking Bundle | No | Yes |
| Mobile Apps | iOS4.9 Android4.4 | iOS4.9 Android4.8 |
| Zelle® Support | Available Verified via website and app descriptions. | Available Limit: $3,500/dayFounding member; zero fees to replace wires. |
| BBB Rating | A+ | 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 | Visit SiteVerify at MutualOne Bank Non-sponsored link to official site | Visit SiteVerify at Wells Fargo Non-sponsored link to official site |
📈 Compare Savings Rates Over Time
Historical Performance
| Metric | MutualOne Bank | Wells Fargo | ||
|---|---|---|---|---|
| Online Savings | Mo Premium Savings | Platinum Savings | Way2Save Savings | |
Current APY | 0.40% | 4.07% | 0.05% | 0.01% |
Trend | Stable | Stable | Stable | Stable |
Velocity (bps/mo) | 0.0 | -0.0 | -67.3 | -0.0 |
Days Since Change | 114 | 114 | 82 | 114 |
4-Month High | 0.40% | 4.07% | 2.51% | 0.01% |
4-Month Low | 0.40% | 4.07% | 0.05% | 0.01% |
Adjustments / Mo | 0.00 | 0.00 | 0.77 | 0.00 |
Volatility Score | 0.000 | 0.000 | 1.815 | 0.000 |
How to read these metrics(Click to expand)
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