Pibank vs. Wells Fargo
High-Yield Savings Account Comparison
By Aviel Fahl|Last Updated: October 21, 2025
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Summary of Pibank vs. Wells Fargo
Key Metrics at a Glance
| Feature | Pibank | Wells Fargo |
|---|---|---|
| Top Savings APY | 4.60% Pibank Savings | 0.05% Platinum Savings |
| Minimum to Open | $0 | $25 |
| Minimum Balance for Top APY | $0.01 | $1,000,000 |
| 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. |
Pibank
Strengths
- Pibank offers a high APY of 4.60%, unchanged from 30 days ago.
- No maintenance fees or minimum balance requirements for Pibank Savings.
- Pibank has no branches, providing a focused online-only experience.
Potential Drawbacks
- Pibank has low App Store and Google Play ratings: 2.4 and 1.7.
- Pibank is not BBB accredited, despite an A rating.
Wells Fargo
Strengths
- Wells Fargo provides physical branches and ATMs in 36 states and D.C.
- Wells Fargo offers a variety of savings accounts, including tiered options.
Potential Drawbacks
- Wells Fargo's highest APY is only 0.05%, down from 2.51% 30 days ago.
- Wells Fargo charges a $12 maintenance fee, which can be waived.
Summary: Pibank outshines Wells Fargo with a significantly higher APY of 4.60% for its Pibank Savings account, while Wells Fargo's top APY has plummeted to 0.05%. Pibank has no fees or minimum balances, but lacks physical branches and has low app ratings. Conversely, Wells Fargo provides branch access and multiple account options but imposes fees and offers lower interest rates.
→ As of October 21, 2025 Pibank offers an APY of 4.60% for its Pibank Savings account, with a minimum balance of $0.01, compared to Wells Fargo's 0.05% APY for its Platinum Savings account, with a minimum balance of $1,000,000.
→ Pibank yields $455 more than Wells Fargo on a $10,000 balance after one year. Pibank pays $460, while Wells Fargo pays $5 - an APY advantage for Pibank.
→ In addition, Wells Fargo also offers 0.01% APY for the Way2Save Savings account.
Calculate Savings Growth for Pibank vs Wells Fargo
All calculations are based on APY.
Pibank - Pibank Savings
Top APY: 4.60%
Total savings breakdown:
- Interest earned: $2,825.8 (13.57%)
- Total contributions: $13,000 (62.42%)
- Initial deposit: $5,000 (24.01%)
Your total balance
$20,825.80
Effective APY: 4.60% (based on your deposit and contributions)
Total balance: $20,825.8
Earnings: $2,825.8
Bank OverviewWells Fargo - Platinum Savings
Top APY: 0.05%
⚠️The higher APY only applies once your balance reaches $1,000,000.
Total savings breakdown:
- Interest earned: $28.6 (0.16%)
- Total contributions: $13,000 (72.11%)
- Initial deposit: $5,000 (27.73%)
Your total balance
$18,028.60
Effective APY: 0.05% (based on your deposit and contributions)
Total balance: $18,028.6
Earnings: $28.6
Bank OverviewWith a $5,000 initial deposit and $13,000 in total contributions over 5 years, Pibank's total earnings would be $2,797.2 higher than Wells Fargo's total earnings.
The Banksparency Savings Calculator provides estimated savings growth based on user input and our latest data.
Compare Pibank's vs Wells Fargo's Savings Accounts
| Pibank | Wells Fargo | |||
|---|---|---|---|---|
| Product | Pibank Savings | vs | Way2Save Savings | Platinum Savings |
| APY | 4.60% (as of 10/21/2025) | 0.01% (as of 10/21/2025) | 0.05% - 0.05% (as of 10/21/2025) | |
| Bundled Account | No | No | Yes | |
| FDIC-insured | Yes | Yes | Yes | |
| Online Only | Yes | No | No | |
| Compound Frequency | Daily | Daily | Daily | |
| Minimum Deposit | $0 | $25 | $25 | |
| Minimum Balance for APY | $0.01 | $0 | $1,000,000 | |
| Maintenance Fee | $0 | $5. Waived under some circumstances. | $12. Waived with $3,500 minimum daily balance. | |
| Direct Deposit Required | No | No | No | |
| 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. | |||
| App Store Rating | 2.4/5 | 4.9/5 | ||
| Google Play Rating | 1.7/5 | 4.8/5 | ||
| BBB Rating | A | D- | ||
Comparative Historical APY Insights (Last 3 Months)
| Pibank | Wells Fargo | |||
|---|---|---|---|---|
| Product | Pibank Savings | vs | Platinum Savings | Way2Save Savings |
| Latest APY | 4.60 % | 0.05 % | 0.01 % | |
| Trend | Sideways | Falling | Sideways | |
| Slope (bps/mo) | -0.0 | -35.0 | -0.0 | |
| Rate Changes / Mo | 0.00 | 0.92 | 0.00 | |
| Days Since Last Change | 97 | 4 | 97 | |
| High (-3 m) | 4.60 % | 2.51 % | 0.01 % | |
| Low (-3 m) | 4.60 % | 0.05 % | 0.01 % | |
| Draw-down from High | 0.0 % | -98.0 % | 0.0 % | |
| Volatility (CV) | 0.000 | 0.302 | 0.000 | |
APY Insights Glossary
- Latest APY
- Most recent advertised annual-percentage yield.
- Trend
- Direction over the last 3 months (regression slope).
- Slope (bps/mo)
- Average monthly change; 10 bps = 0.10 pp.
- Rate Changes / Mo
- Typical number of APY moves per month.
- Days Since Last Change
- Recency of the latest APY adjustment.
- High (-3 m)
- Highest APY in the last 98 days.
- Low (-3 m)
- Lowest APY in the last 98 days.
- Draw-down from High
- How far today sits below the 3-month peak.
- Volatility (CV)
- Coefficient of variation = stdev ÷ mean.
Why Track Savings-Account APYs?
- See how quickly a bank reacts to Fed moves or competition.
- Gauge “twitchiness” - frequent moves can annoy savers.
- Spot if you're buying near a peak (draw-down) or riding a rise.
- Slope (bps/mo) shows speed of change.
- Volatility (CV) scales jumps by average level.
More Comparisons
Compare Pibank's APY of 4.60% with other banks
| Bank Pair | Competitor APY | Min Deposit |
|---|---|---|
| Pibank vs Ally Bank | 3.40% | $0 |
| Pibank vs American Express | 3.50% | $0 |
| Pibank vs Axos Bank | 4.51% | $0 |
| Pibank vs Bank of America | 0.01% | $100 |
| Pibank vs Barclays | 4.10% | $0 |
| Pibank vs Bask Bank | 4.05% | $0 |
| Pibank vs BrioDirect | 4.20% | $5,000 |
| Pibank vs Capital One | 3.40% | $0 |
| Pibank vs Chase Bank | 0.01% | $0 |
| Pibank vs Chime | 3.50% | $0 |
| Pibank vs CIT Bank | 3.85% | $100 |
| Pibank vs Citizens Access™ | 3.50% | $0.01 |
| Pibank vs Discover Bank | 3.40% | $0 |
| Pibank vs Elevault | 4.34% | $0 |
| Pibank vs EverBank | 4.05% | $0 |
| Pibank vs Fitness Bank | 4.75% | $100 |
| Pibank vs FNBO Direct | 3.00% | $1 |
| Pibank vs FVCbank | 4.10% | $500 |
| Pibank vs GO2bank | 4.50% | $0 |
| Pibank vs LendingClub | 4.20% | $0 |
| Pibank vs Marcus by Goldman Sachs | 3.65% | $0 |
| Pibank vs Neighbors Bank | 4.50% | $0 |
| Pibank vs Newtek Bank | 4.35% | $0 |
| Pibank vs Peak Bank | 4.20% | $100 |
| Pibank vs Presidential Bank | 4.50% | $5,000 |
| Pibank vs Santander Bank | 0.01% | $25 |
| Pibank vs SoFi Bank | 4.50% | $0 |
| Pibank vs Synchrony Bank | 3.80% | $0 |
| Pibank vs TIMBR | 4.40% | $1,000 |
| Pibank vs UFB Direct | 3.96% | $5000 |
| Pibank vs Valley Direct | 4.10% | $1,000 |
| Pibank vs Varo Bank | 5.00% | $0 |
| Pibank vs Zynlo Bank | 4.20% | $10 |