TD Bank vs. Wells Fargo
Compare rates, requirements, and features side-by-side to find the best option for you.
| Metric | TD BankTD Signature Savings Jan 16, 2026 | Wells FargoPlatinum Savings Jan 16, 2026 |
|---|---|---|
| APY | 0.05% - 2.36% | 0.05% |
Est. Earnings | $5,000+$3 $10,000+$5 $25,000+$13 | $5,000+$3 $10,000+$5 $25,000+$13 |
Min Deposit | $0 | $25 |
Snapshot view. Rates subject to change. | ||
Terms | This is a tiered savings account where rates may vary on location and whether you're eligible for the Bump Rate. 2.36% is available when you link an eligible TD account and have a minimum balance of $100,000. Otherwise 0.05% is the maximum APY. | 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® SupportedChecking Bundle | 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 4.20% APY.
Comparison Analysis
Comparing TD Bank vs. Wells Fargo
As of both TD Bank (TD Signature Savings) and Wells Fargo (Platinum Savings) offer an APY of 2.36% .
Both banks yield $5 in interest on a $10,000 balance after one year. Neither has an APY advantage, so consider other features (fees, access, app ratings, etc.) when choosing.
In addition, Wells Fargo also offers 0.01% APY for the Way2Save Savings account, with a minimum balance of $0.
Why TD Bank?
- ✓Higher potential APY (2.36% vs 0.01%-0.05%) (requires checking bundle)
Why Wells Fargo?
- ✓Higher rated Android app (4.8 vs 4.1)
- ✓Offers 2 different high-yield savings options
— Key Feature Differences —
Requires Banking Relationship
Both banks require a checking account bundle to access their highest rates.
Shared Benefits
Executive Summary as of
TD Bank offers a competitive TD Signature Savings account with an APY of 2.36%, available when linking an eligible TD account and maintaining a minimum balance of $100,000. In contrast, Wells Fargo's highest yielding product, the Platinum Savings account, provides a mere 0.05% APY, which requires a substantial balance of $1,000,000 and linkage to a Wells Fargo Premier checking account. While Wells Fargo also has a Way2Save Savings account with an APY of 0.01%, it pales in comparison to TD Bank's offering. Both banks have accounts that are not online-only, and maintenance fees may be waived under certain conditions.
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
TD Bank vs. Wells Fargo Savings Calculator
Both accounts earn exactly the same amount.
TD Bank
TD Signature Savings
Higher APY requires $100,000
Savings Breakdown
- Interest Earned+$5.00(0.0%)
- Total Contributions$0
- Initial Deposit$10,000
Projected Balance
$10,005.00
Wells Fargo
Platinum Savings
Higher APY requires $1,000,000
Savings Breakdown
- Interest Earned+$5.00(0.0%)
- Total Contributions$0
- Initial Deposit$10,000
Projected Balance
$10,005.00
The Banksparency Savings Calculator provides estimated savings growth based on user input and our latest data.
| Feature | TD Bank | Wells Fargo |
|---|---|---|
| APY | 2.36% Range: 0.05% - 2.36% Verified: 1/16/2026 ↘︎ 0.39%90d Change | 0.05% Range: 0.05% - 0.05% Verified: 1/16/2026 Stable (90d) |
| Product Name | TD Signature Savings | Platinum Savings |
| Minimum Deposit | $0 | $25 |
| Min. Balance for APY | $100,000 | $1,000,000 |
| Monthly Fee | $10. Waived under some circumstances. | $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 | Yes | Yes |
| Mobile Apps | iOS4.8 Android4.1 | iOS4.9 Android4.8 |
| Zelle® Support | Available Limit: $1,000/dayLimits increase for established or Private Client accounts. | Available Limit: $3,500/dayFounding member; zero fees to replace wires. |
| BBB Rating | Not Rated | D- |
| Important Notes | This is a tiered savings account where rates may vary on location and whether you're eligible for the Bump Rate. 2.36% is available when you link an eligible TD account and have a minimum balance of $100,000. Otherwise 0.05% is the maximum APY. | 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 TD 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 | TD Bank | Wells Fargo | |
|---|---|---|---|
| TD Signature Savings | Platinum Savings | Way2Save Savings | |
Current APY | 2.36% | 0.05% | 0.01% |
Trend | Stable | Stable | Stable |
Velocity (bps/mo) | -8.0 | -58.3 | 0.0 |
Days Since Change | 0 | 91 | 184 |
6-Month High | 3.00% | 2.51% | 0.01% |
6-Month Low | 2.36% | 0.05% | 0.01% |
Adjustments / Mo | 0.49 | 0.49 | 0.00 |
Volatility Score | 0.055 | 1.133 | 0.000 |
How to read these metrics(Click to expand)
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