Wells Fargo vs. Zynlo Bank
High-Yield Savings Account Comparison
By Aviel Fahl|Last Updated: October 21, 2025
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Summary of Wells Fargo vs. Zynlo Bank
Key Metrics at a Glance
| Feature | Wells Fargo | Zynlo Bank |
|---|---|---|
| Top Savings APY | 0.05% Platinum Savings | 4.20% Tomorrow Savings Account |
| Minimum to Open | $25 | $10 |
| Minimum Balance for Top APY | $1,000,000 | $0.01 |
| 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. |
Wells Fargo
Strengths
- Wells Fargo has a branch network in 36 states and Washington, D.C.
- Wells Fargo's app has a high App Store rating of 4.9.
- Way2Save Savings offers a low minimum deposit of $25.
Potential Drawbacks
- Wells Fargo's BBB rating is D- and not accredited.
- Platinum Savings has a low APY of 0.05%, down from 2.51% last month.
- Maintenance fees apply for the Platinum Savings account.
Zynlo Bank
Strengths
- Zynlo Bank offers a competitive APY of 4.20%, though down from 4.35% last month.
- No maintenance fees for the Tomorrow Savings Account.
- Zynlo Bank has a low minimum deposit of $10.
Potential Drawbacks
- Zynlo Bank has no physical branches.
- Zynlo Bank's app has lower ratings: 4.0 on App Store and 3.5 on Google Play.
- Zynlo Bank is not BBB accredited, but has a high A+ rating.
→ As of October 21, 2025 Wells Fargo offers an APY of 0.05% for its Platinum Savings account, with a minimum balance of $1,000,000, compared to Zynlo Bank's 4.20% APY for its Tomorrow Savings Account, with a minimum balance of $0.01.
→ Zynlo Bank yields $415 more than Wells Fargo on a $10,000 balance after one year. Wells Fargo pays $5, while Zynlo Bank pays $420 - an APY advantage for Zynlo Bank.
→ In addition, Wells Fargo also offers 0.01% APY for the Way2Save Savings account.
Calculate Savings Growth for Wells Fargo vs Zynlo Bank
Wells Fargo - Platinum Savings
⚠️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
Total balance: $18,028.6
Earnings: $28.6
Bank OverviewZynlo Bank - Tomorrow Savings Account
Total savings breakdown:
- Interest earned: $2,564.3 (12.47%)
- Total contributions: $13,000 (63.22%)
- Initial deposit: $5,000 (24.31%)
Your total balance
$20,564.30
Total balance: $20,564.3
Earnings: $2,564.3
Bank OverviewWith a $5,000 initial deposit and $13,000 in total contributions over 5 years, Wells Fargo's total earnings would be $2,535.7 lower than Zynlo Bank's total earnings.
The Banksparency Savings Calculator provides estimated savings growth based on user input and our latest data.
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 10/21/2025) | 0.05% - 0.05% (as of 10/21/2025) | 4.20% (as of 10/21/2025) | |
| 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 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. | |||
| App Store Rating | 4.9/5 | 4.0/5 | ||
| Google Play Rating | 4.8/5 | 3.5/5 | ||
| BBB Rating | D- | A+ | ||
Comparative Historical APY Insights (Last 3 Months)
| Wells Fargo | Zynlo Bank | |||
|---|---|---|---|---|
| Product | Platinum Savings | Way2Save Savings | vs | Tomorrow Savings Account |
| Latest APY | 0.05 % | 0.01 % | 4.20 % | |
| Trend | Falling | Sideways | Sideways | |
| Slope (bps/mo) | -35.0 | -0.0 | -3.2 | |
| Rate Changes / Mo | 0.92 | 0.00 | 0.31 | |
| Days Since Last Change | 4 | 97 | 12 | |
| High (-3 m) | 2.51 % | 0.01 % | 4.35 % | |
| Low (-3 m) | 0.05 % | 0.01 % | 4.20 % | |
| Draw-down from High | -98.0 % | 0.0 % | -3.4 % | |
| Volatility (CV) | 0.302 | 0.000 | 0.012 | |
APY Insights Glossary
- Latest APY
- Most recent advertised annual-percentage yield.
- Trend
- Direction over the last 3 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 (-3 m)
- Highest APY in the last 98 days.
- Low (-3 m)
- Lowest APY in the last 98 days.
- Draw-down from High
- How far today sits below the 3-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.