Timbr vs Wells Fargo
High-Yield Savings Accounts Comparison
Last Updated: September 5, 2025
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Summary of TIMBR vs. Wells Fargo
As of September 5, 2025 TIMBR offers an APY of 4.40% for its Premium Savings Account, with a minimum balance of $0, compared to Wells Fargo's 2.51% APY for its Platinum Savings account, with a minimum balance of $1,000,000.
TIMBR yields $435 more than Wells Fargo on a $10,000 balance after one year. TIMBR pays $440, while Wells Fargo pays $5 (with an effective APY of 0.05%) - an APY advantage for TIMBR.
In addition, Wells Fargo also offers 0.01% APY for the Way2Save Savings account.
TIMBR
Strengths
- TIMBR offers a high APY of 4.40%, significantly higher than Wells Fargo's best rate.
- No maintenance fees for the Premium Savings Account at TIMBR.
- A+ BBB rating indicates better trustworthiness compared to Wells Fargo.
Potential Drawbacks
- TIMBR has no physical branches, limiting in-person access.
- Minimum deposit of $1,000 required to open the Premium Savings Account.
Wells Fargo
Strengths
- Wells Fargo has a wide branch network in 36 states and Washington, D.C.
- 4.9 App Store rating and 4.8 Google Play rating indicate strong customer satisfaction.
Potential Drawbacks
- Wells Fargo's highest APY is only 2.51%, much lower than TIMBR's.
- F BBB rating reflects significant trust issues compared to TIMBR.
Summary: TIMBR's Premium Savings Account offers a superior APY of 4.40% with no fees, while Wells Fargo's best APY is only 2.51% and carries a maintenance fee. However, Wells Fargo provides extensive branch access and higher customer ratings on app stores, but its F BBB rating raises concerns about trustworthiness. Overall, TIMBR is better for high yields, while Wells Fargo offers convenience.
Compare TIMBR's vs Wells Fargo's Savings Accounts
| TIMBR | Wells Fargo | |||
|---|---|---|---|---|
| Product | Premium Savings Account | vs | Way2Save Savings | Platinum Savings |
| APY | 4.40% (as of 9/5/2025) | 0.01% (as of 9/5/2025) | 0.05% - 2.51% (as of 9/5/2025) | |
| Bundled Account | No | No | Yes | |
| FDIC-insured | Yes | Yes | Yes | |
| Online Only | Yes | No | No | |
| Compound Frequency | Daily | Daily | Daily | |
| Minimum Deposit | $1,000 | $25 | $25 | |
| Minimum Balance for APY | $0 | $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 2.51% 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 | No | 4.9/5 | ||
| Google Play Rating | No | 4.8/5 | ||
| BBB Rating | A+ | F | ||
Comparative Historical APY Insights (Last 2 Months)
| TIMBR | Wells Fargo | |||
|---|---|---|---|---|
| Product | Premium Savings Account | vs | Platinum Savings | Way2Save Savings |
| Latest APY | 4.40 % | 2.51 % | 0.01 % | |
| Trend | Sideways | Sideways | Sideways | |
| Slope (bps/mo) | 0.0 | 0.0 | 0.0 | |
| Rate Changes / Mo | 0.00 | 0.00 | 0.00 | |
| Days Since Last Change | 51 | 52 | 51 | |
| High (-2 m) | 4.40 % | 2.51 % | 0.01 % | |
| Low (-2 m) | 4.40 % | 2.51 % | 0.01 % | |
| Draw-down from High | 0.0 % | 0.0 % | 0.0 % | |
| Volatility (CV) | 0.000 | 0.000 | 0.000 | |
APY Insights Glossary
- Latest APY
- Most recent advertised annual-percentage yield.
- Trend
- Direction over the last 2 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 (-2 m)
- Highest APY in the last 52 days.
- Low (-2 m)
- Lowest APY in the last 52 days.
- Draw-down from High
- How far today sits below the 2-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.
Calculate Savings Growth for TIMBR vs Wells Fargo
All calculations are based on APY.
TIMBR
APY: 4.40%
Total savings breakdown:
- Interest earned: $2,694.7 (13.02%)
- Total contributions: $13,000 (62.82%)
- Initial deposit: $5,000 (24.16%)
Your total balance
$20,694.70
Effective APY: 4.40% (based on your deposit and contributions)
Total balance: $20,694.7
Earnings: $2,694.7
Bank OverviewWells Fargo
APY: 2.51%
⚠️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, TIMBR's total earnings would be $2,666.1 higher than Wells Fargo's total earnings.
The Banksparency Savings Calculator provides estimated savings growth based on user input and our latest data.
More Comparisons
Compare TIMBR's APY of 4.40% with other banks
| Bank Pair | Competitor APY | Min Deposit |
|---|---|---|
| TIMBR vs Ally Bank | 3.50% | $0 |
| TIMBR vs American Express | 3.50% | $0 |
| TIMBR vs Axos Bank | 4.46% | $0 |
| TIMBR vs Bank of America | 0.01% | $100 |
| TIMBR vs Barclays | 4.10% | $0 |
| TIMBR vs BrioDirect | 4.30% | $5,000 |
| TIMBR vs Capital One | 3.50% | $0 |
| TIMBR vs Chase Bank | 0.01% | $0 |
| TIMBR vs Chime | 3.75% | $0 |
| TIMBR vs CIT Bank | 4.00% | $100 |
| TIMBR vs Discover Bank | 3.50% | $0 |
| TIMBR vs Elevault | 4.60% | $0 |
| TIMBR vs EverBank | 4.30% | $0 |
| TIMBR vs Fitness Bank | 4.75% | $100 |
| TIMBR vs FVCbank | 4.35% | $500 |
| TIMBR vs GO2bank | 4.50% | $0 |
| TIMBR vs Marcus by Goldman Sachs | 3.65% | $0 |
| TIMBR vs Neighbors Bank | 4.60% | $0 |
| TIMBR vs Newtek Bank | 4.35% | $0 |
| TIMBR vs Peak Bank | 4.35% | $100 |
| TIMBR vs Pibank | 4.60% | $0 |
| TIMBR vs Presidential Bank | 4.50% | $5,000 |
| TIMBR vs Santander Bank | 0.03% | $25 |
| TIMBR vs SoFi Bank | 3.80% | $0 |
| TIMBR vs Synchrony Bank | 3.80% | $0 |
| TIMBR vs UFB Direct | 4.21% | $5000 |
| TIMBR vs Varo Bank | 5.00% | $0 |
| TIMBR vs Zynlo Bank | 4.35% | $10 |
Compare Wells Fargo's APY of 2.51% with other banks
| Bank Pair | Competitor APY | Min Deposit |
|---|---|---|
| Wells Fargo vs Ally Bank | 3.50% | $0 |
| Wells Fargo vs American Express | 3.50% | $0 |
| Wells Fargo vs Axos Bank | 4.46% | $0 |
| Wells Fargo vs Bank of America | 0.01% | $100 |
| Wells Fargo vs Barclays | 4.10% | $0 |
| Wells Fargo vs BrioDirect | 4.30% | $5,000 |
| Wells Fargo vs Capital One | 3.50% | $0 |
| Wells Fargo vs Chase Bank | 0.01% | $0 |
| Wells Fargo vs Chime | 3.75% | $0 |
| Wells Fargo vs CIT Bank | 4.00% | $100 |
| Wells Fargo vs Discover Bank | 3.50% | $0 |
| Wells Fargo vs Elevault | 4.60% | $0 |
| Wells Fargo vs EverBank | 4.30% | $0 |
| Wells Fargo vs Fitness Bank | 4.75% | $100 |
| Wells Fargo vs FVCbank | 4.35% | $500 |
| Wells Fargo vs GO2bank | 4.50% | $0 |
| Wells Fargo vs Marcus by Goldman Sachs | 3.65% | $0 |
| Wells Fargo vs Neighbors Bank | 4.60% | $0 |
| Wells Fargo vs Newtek Bank | 4.35% | $0 |
| Wells Fargo vs Peak Bank | 4.35% | $100 |
| Wells Fargo vs Pibank | 4.60% | $0 |
| Wells Fargo vs Presidential Bank | 4.50% | $5,000 |
| Wells Fargo vs Santander Bank | 0.03% | $25 |
| Wells Fargo vs SoFi Bank | 3.80% | $0 |
| Wells Fargo vs Synchrony Bank | 3.80% | $0 |
| Wells Fargo vs UFB Direct | 4.21% | $5000 |
| Wells Fargo vs Varo Bank | 5.00% | $0 |
| Wells Fargo vs Zynlo Bank | 4.35% | $10 |