TD Bank vs. Wells Fargo
TD Bank edges out Wells Fargo slightly at 2.36% vs 0.05% APY. On a $10,000 balance, the difference is just $0 per year—so other factors may matter more.
The Bottom Line
The TD Bank and Wells Fargo savings accounts are very similar. Choose Wells Fargo if you're an Android user.
Important Considerations
Both banks require a checking account to access their highest savings rates.
| Metric | TD BankTD Signature Savings Feb 6, 2026 | Wells FargoPlatinum Savings Feb 6, 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 $250,000. 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 BundleRate Changes Often | FDIC InsuredHigh MinimumGreat iOS AppGreat Android AppIn-Person AccessZelle® SupportedChecking BundleDaily CompoundingRate Changes Often |
Market Reality Check
Both of these banks offer rates below the current top tier. The best rates we track are currently above 4.15% APY.
Comparison Analysis
Comparing TD Bank vs. Wells Fargo
Executive Summary
TD Bank offers the TD Signature Savings account with a competitive APY of 2.36%, available when linked to an eligible TD account and maintaining a minimum balance of $250,000. This tiered savings account allows for monthly compounding and has a $10 maintenance fee, which can be waived under certain conditions. In contrast, Wells Fargo's highest yielding account, the Platinum Savings, provides a significantly lower APY of 0.05%, requiring a minimum balance of $1,000,000 and linkage to a Wells Fargo Premier checking account for this rate. Overall, TD Bank's offering is substantially more favorable for savers.
The analysis is based on current Banksparency database records
* This content is provided for informational purposes only; always verify details with the provider.
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
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 $250,000
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: 2/6/2026 ↘︎ 0.39%90d Change | 0.05% Range: 0.05% - 0.05% Verified: 2/6/2026 Stable (90d) |
| Product Name | TD Signature Savings | Platinum Savings |
| Minimum Deposit | $0 | $25 |
| Min. Balance for APY | $250,000 | $1,000,000 |
| Monthly Fee | $10. Waived under some circumstances. | $12. Waived with $3,500 minimum daily balance. |
| Compound Frequency | Monthly | Daily |
| Branch Access | Yes | Yes |
| Account Type | Online & Branches | Online & Branches |
| Physical Branches | Multiple branches in CT, DE, FL, ME, MD, MA, NH, NJ, NY, NC, PA, RI, SC, VT, VA, DC | Wells Fargo offers branches and ATMs in 36 states and Washington, D.C. |
| Direct Deposit Req. | None | None |
| Checking Bundle | Yes | Yes |
| Mobile Apps | ||
| FDIC Insured | YesVerify FDIC | YesVerify FDIC |
| 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 | A- |
| 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 $250,000. 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) | -9.6 | -51.1 | 0.0 |
Days Since Change | 21 | 112 | 206 |
7-Month High | 3.00% | 2.51% | 0.01% |
7-Month Low | 2.36% | 0.05% | 0.01% |
Adjustments / Mo | 0.44 | 0.44 | 0.00 |
Volatility Score | 0.075 | 1.252 | 0.000 |
How to read these metrics(Click to expand)
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More Comparisons
Compare TD Bank's APY of 2.36% with other banks
| Bank Pair | Competitor APY | Min Deposit |
|---|---|---|
| TD Bank vs Ally Bank | 3.30% | $0 |
| TD Bank vs American Express | 3.30% | $0 |
| TD Bank vs Axos Bank | 4.21% | $0 |
| TD Bank vs Bank of America | 0.01% | $100 |
| TD Bank vs Barclays | 4.00% | $0 |
| TD Bank vs Capital One | 3.30% | $0 |
| TD Bank vs Chase Bank | 0.01% | $0 |
| TD Bank vs Chime | 3.00% | $0 |
| TD Bank vs CIT Bank | 3.75% | $100 |
| TD Bank vs Citibank | 3.20% | $0 |
| TD Bank vs Discover Bank | 3.30% | $0 |
| TD Bank vs EverBank | 3.90% | $0 |
| TD Bank vs Marcus by Goldman Sachs | 3.65% | $0 |
| TD Bank vs Newtek Bank | 4.20% | $0.01 |
| TD Bank vs Openbank | 4.09% | $500 |
| TD Bank vs Pibank | 4.60% | $0 |
| TD Bank vs SoFi Bank | 4.00% | $0 |
| TD Bank vs Synchrony Bank | 3.50% | $0 |
| TD Bank vs Varo Bank | 5.00% | $0 |
| TD Bank vs Wealthfront | 3.95% | $0 |