High-Yield Savings Account Comparison

Pibank 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.

Pibank

Pibank Savings

4.60%
APY
Dec 6, 2025
FDIC InsuredNo Minimums
Show Fine Print & Trends
Min. Deposit$0
Min. Balance$0.01
Maintenance Fee$0
Compound FreqDaily
Direct DepositNot required
Deposit InsuranceFDIC Insured(Cert: 25258)
EligibilityUnited States
Mobile Ratings
iOS:2.4Android:1.7
BBB Rating
A(Not BBB Accredited)

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

Comparison Analysis

Comparing Pibank vs. Wells Fargo

Updated: Dec 6, 2025

Why Pibank?

  • ✓Higher potential APY (4.60% vs 0.01%-0.05%) on all balances
  • ✓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.)
  • ✓Higher rated iOS app (4.9 vs 2.4)
  • ✓Higher rated Android app (4.8 vs 1.7)
  • ✓Offers 2 different high-yield savings options

— Key Feature Differences —

Better Returns at $10,000
Pibank

Pibank's Pibank Savings earns more on smaller deposits (approx. $460 vs $5/yr).

Better Returns at $25,000
Pibank

Pibank's Pibank Savings pulls ahead with larger amounts (approx. $1150 vs $13/yr).

Best for Simplicity
Pibank

Pibank's Pibank Savings offers 4.60% APY with no bundling, direct deposit requirement or caps.

Best Mobile App Experience
Wells Fargo

Wells Fargo offers an iOS app rated 4.9 (vs. 2.4) and Android app rated 4.8 (vs. 1.7)

Shared Benefits

Available Nationwide Available to New & Existing Customers
The Bottom Line

Over a 1-year period, Pibank's Pibank Savings pays $455 more interest on a $10,000 balance than Wells Fargo's Platinum Savings.

Wells FargoPibank
Automated Data Audit

Executive Summary

Pibank offers a competitive savings product, the Pibank Savings account, with a notable APY of 4.60%, making it an excellent choice for savers looking for higher returns without direct deposit requirements or maintenance fees. In contrast, Wells Fargo's savings options, including the Way2Save Savings and Platinum Savings accounts, yield significantly lower APYs of 0.01% and 0.05%, respectively. While Wells Fargo provides a robust mobile app experience, its savings rates are not competitive compared to Pibank. Pibank's account is online-only with no minimum deposit requirement, while Wells Fargo's accounts require a minimum deposit of $25.

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.

ExplorePibankExploreWells Fargo
FeaturePibankWells Fargo
APY
4.60%
Verified: 12/6/2025
Stable (90d)
0.05%
Range: 0.05% - 0.05%
Verified: 12/6/2025
↘︎ 2.46%90d Change
Product NamePibank SavingsPlatinum Savings
Minimum Deposit$0$25
Min. Balance for APY$0.01$1,000,000
Monthly Fee$0$12. Waived with $3,500 minimum daily balance.
Branch AccessNoneYes
Account Type
Online Only
Online & Branches
Direct Deposit Req.NoneNone
Checking BundleNo Yes
Mobile Apps
iOS2.4
Android1.7
iOS4.9
Android4.8
BBB RatingAD-
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
- View Details
- View Details

Savings Comparison

Calculations based on current APY.
$
$

Pibank earns $2,797.2 more than Wells Fargo.

Pibank

Pibank Savings

4.60% APY

Savings Breakdown

  • Interest Earned
    +$2,825.80(13.6%)
  • Total Contributions
    $13,000
  • Initial Deposit
    $5,000

Projected Balance

$20,825.80

Effective APY
4.60%
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
MetricPibankWells Fargo
Pibank SavingsPlatinum SavingsWay2Save Savings
Current APY
4.60%0.05%0.01%
Trend
 Stable Stable Stable
Velocity (bps/mo)
0.0-72.00.0
Days Since Change
14350143
5-Month High
4.60%2.51%0.01%
5-Month Low
4.60%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.

Compare Similar Alternatives

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Neighbors BankNo Bundle Req
4.50%
APY
vs Pibank
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4.40%
APY
vs Pibank
Newtek BankNo Bundle Req
4.35%
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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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SoFi BankChecking Bundle
4.30%
APY
vs Wells Fargo
Presidential BankChecking Bundle
4.00%
APY

More Comparisons

Compare Pibank's APY of 4.60% with other banks
Bank PairCompetitor APYMin Deposit
Pibank vs Ally Bank3.30%$0
Pibank vs American Express3.40%$0
Pibank vs Axos Bank4.31%$0
Pibank vs Bank of America0.01%$100
Pibank vs Barclays4.00%$0
Pibank vs Bask Bank3.90%$0
Pibank vs BMO Alto3.25%$0
Pibank vs BrioDirect4.00%$5,000
Pibank vs Capital One3.40%$0
Pibank vs Chase Bank0.01%$0
Pibank vs Chime3.50%$0
Pibank vs CIT Bank3.75%$100
Pibank vs Citibank3.30%$0
Pibank vs Citizens Access™3.35%$0.01
Pibank vs Climate First Bank4.21%$50
Pibank vs Discover Bank3.40%$0
Pibank vs Elevault4.08%$0
Pibank vs EverBank4.05%$0
Pibank vs Fitness Bank4.75%$100
Pibank vs FNBO Direct3.00%$1
Pibank vs Forbright Bank4.00%$0
Pibank vs FVCbank3.85%$500
Pibank vs GO2bank4.50%$0
Pibank vs Ivy Bank4.25%$2,500
Pibank vs LendingClub4.20%$0
Pibank vs Marcus by Goldman Sachs3.65%$0
Pibank vs Neighbors Bank4.50%$0
Pibank vs Newtek Bank4.35%$0.01
Pibank vs Openbank4.20%$500
Pibank vs Peak Bank4.20%$100
Pibank vs PNC3.53%$0
Pibank vs Presidential Bank4.00%$5,000
Pibank vs Quontic Bank3.75%$100
Pibank vs Salem Five Direct3.71%$10
Pibank vs Santander Bank0.01%$25
Pibank vs SoFi Bank4.30%$0
Pibank vs Synchrony Bank3.65%$0
Pibank vs TIMBR4.40%$1,000
Pibank vs UFB Direct3.71%$5000
Pibank vs Valley Direct4.10%$1,000
Pibank vs Varo Bank5.00%$0
Pibank vs Vio Bank4.16%$100
Pibank vs Wealthfront4.15%$0
Pibank 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 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 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