Wells Fargo vs Zynlo Bank
High-Yield Savings Accounts Comparison
Last Updated: September 5, 2025
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Summary of Wells Fargo vs. Zynlo Bank
As of September 5, 2025 Wells Fargo offers an APY of 2.51% for its Platinum Savings account, with a minimum balance of $1,000,000, compared to Zynlo Bank's 4.35% APY for its Tomorrow Savings Account, with a minimum balance of $0.01.
Zynlo Bank yields $430 more than Wells Fargo on a $10,000 balance after one year. Wells Fargo pays $5 (with an effective APY of 0.05%), while Zynlo Bank pays $435 - an APY advantage for Zynlo Bank.
In addition, Wells Fargo also offers 0.01% APY for the Way2Save Savings account.
Wells Fargo
Strengths
- Wells Fargo has a branch network across 36 states and Washington, D.C.
- Wells Fargo's Platinum Savings offers a tiered APY of 2.51% for balances of $1,000,000 or more.
- Wells Fargo has a high App Store rating of 4.9.
Potential Drawbacks
- Wells Fargo has a low BBB rating of F and is not accredited.
- Wells Fargo's Way2Save Savings account offers only 0.01% APY.
- Wells Fargo charges a maintenance fee of $12 unless certain balance requirements are met.
Zynlo Bank
Strengths
- Zynlo Bank offers a competitive APY of 4.35% for its Tomorrow Savings Account.
- Zynlo Bank has no maintenance fees for its savings account.
- Zynlo Bank has a BBB rating of A+.
Potential Drawbacks
- Zynlo Bank does not have physical branches.
- Zynlo Bank has a lower App Store rating of 4.0.
- Zynlo Bank's Google Play rating is only 3.5.
Summary: Wells Fargo provides a branch network and a tiered savings account with a 2.51% APY for high balances, but has a poor BBB rating and maintenance fees. In contrast, Zynlo Bank offers a higher 4.35% APY with no fees, but lacks physical branches and has lower app ratings. Overall, Zynlo Bank may appeal more to those prioritizing APY and fee structure, while Wells Fargo may suit those needing in-person banking services.
Compare Wells Fargo's vs Zynlo Bank's Savings Accounts
| Wells Fargo | Zynlo Bank | |||
|---|---|---|---|---|
| Product | Way2Save Savings | Platinum Savings | vs | Tomorrow Savings Account |
| APY | 0.01% (as of 9/5/2025) | 0.05% - 2.51% (as of 9/5/2025) | 4.35% (as of 9/5/2025) | |
| Bundled Account | No | Yes | No | |
| FDIC-insured | Yes | Yes | Yes | |
| Online Only | No | No | Yes | |
| Compound Frequency | Daily | Daily | Daily | |
| Minimum Deposit | $25 | $25 | $10 | |
| Minimum Balance for APY | $0 | $1,000,000 | $0.01 | |
| Maintenance Fee | $5. Waived under some circumstances. | $12. Waived with $3,500 minimum daily balance. | $0 | |
| 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 | 4.9/5 | 4.0/5 | ||
| Google Play Rating | 4.8/5 | 3.5/5 | ||
| BBB Rating | F | A+ | ||
Comparative Historical APY Insights (Last 2 Months)
| Wells Fargo | Zynlo Bank | |||
|---|---|---|---|---|
| Product | Platinum Savings | Way2Save Savings | vs | Tomorrow Savings Account |
| Latest APY | 2.51 % | 0.01 % | 4.35 % | |
| 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 | 51 | 51 | |
| High (-2 m) | 2.51 % | 0.01 % | 4.35 % | |
| Low (-2 m) | 2.51 % | 0.01 % | 4.35 % | |
| 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 Wells Fargo vs Zynlo Bank
All calculations are based on APY.
Wells 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 OverviewZynlo Bank
APY: 4.35%
Total savings breakdown:
- Interest earned: $2,662 (12.88%)
- Total contributions: $13,000 (62.92%)
- Initial deposit: $5,000 (24.20%)
Your total balance
$20,662.00
Effective APY: 4.35% (based on your deposit and contributions)
Total balance: $20,662
Earnings: $2,662
Bank OverviewWith a $5,000 initial deposit and $13,000 in total contributions over 5 years, Wells Fargo's total earnings would be $2,633.4 lower than Zynlo Bank's total earnings.
The Banksparency Savings Calculator provides estimated savings growth based on user input and our latest data.
More Comparisons
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 TIMBR | 4.40% | $1,000 |
| Wells Fargo vs UFB Direct | 4.21% | $5000 |
| Wells Fargo vs Varo Bank | 5.00% | $0 |
Compare Zynlo Bank's APY of 4.35% with other banks
| Bank Pair | Competitor APY | Min Deposit |
|---|---|---|
| Zynlo Bank vs Ally Bank | 3.50% | $0 |
| Zynlo Bank vs American Express | 3.50% | $0 |
| Zynlo Bank vs Axos Bank | 4.46% | $0 |
| Zynlo Bank vs Bank of America | 0.01% | $100 |
| Zynlo Bank vs Barclays | 4.10% | $0 |
| Zynlo Bank vs BrioDirect | 4.30% | $5,000 |
| Zynlo Bank vs Capital One | 3.50% | $0 |
| Zynlo Bank vs Chase Bank | 0.01% | $0 |
| Zynlo Bank vs Chime | 3.75% | $0 |
| Zynlo Bank vs CIT Bank | 4.00% | $100 |
| Zynlo Bank vs Discover Bank | 3.50% | $0 |
| Zynlo Bank vs Elevault | 4.60% | $0 |
| Zynlo Bank vs EverBank | 4.30% | $0 |
| Zynlo Bank vs Fitness Bank | 4.75% | $100 |
| Zynlo Bank vs FVCbank | 4.35% | $500 |
| Zynlo Bank vs GO2bank | 4.50% | $0 |
| Zynlo Bank vs Marcus by Goldman Sachs | 3.65% | $0 |
| Zynlo Bank vs Neighbors Bank | 4.60% | $0 |
| Zynlo Bank vs Newtek Bank | 4.35% | $0 |
| Zynlo Bank vs Peak Bank | 4.35% | $100 |
| Zynlo Bank vs Pibank | 4.60% | $0 |
| Zynlo Bank vs Presidential Bank | 4.50% | $5,000 |
| Zynlo Bank vs Santander Bank | 0.03% | $25 |
| Zynlo Bank vs SoFi Bank | 3.80% | $0 |
| Zynlo Bank vs Synchrony Bank | 3.80% | $0 |
| Zynlo Bank vs TIMBR | 4.40% | $1,000 |
| Zynlo Bank vs UFB Direct | 4.21% | $5000 |
| Zynlo Bank vs Varo Bank | 5.00% | $0 |