Complete these steps to get the $525 bonus:

1. Open

At a Wells Fargo branch, open a new eligible consumer savings account with a minimum opening deposit of $25 by June 25, 2024. You must provide the bonus offer code to a banker at the time of account opening.

2. Deposit

Deposit $25,000 or more in new money to your new savings account within 30 days and maintain at least a $25,000 balance for 90 days after account opening.

3. Enjoy

We will deposit your bonus into your new savings account within 30 days after you have met all offer requirements.

Account management tools available with your Wells Fargo savings account.

Financial education

Empower yourself with financial health(opens new window) resources that range from financial basics to retirement.

Automatic transfers

Set up regular automatic transfers1 from your linked Wells Fargo checking account to your new savings account.

Optional Overdraft Protection2

Use your new savings account to help protect your linked Wells Fargo checking account from overdrafts.

*How to qualify for this offer

Eligibility Requirements:

  • This offer is for new consumer savings customers only. All Wells Fargo consumer savings accounts are eligible for this offer with the exception of Time Accounts (CDs) and savings accounts offered by Wells Fargo Private Bank. Only the primary owner of the new savings account is eligible for this offer.
  • You must use your bonus offer code at account opening when you apply for a new eligible Wells Fargo savings account.
  • You are not eligible for this offer if:
    • You are a current primary account owner of a Wells Fargo consumer savings account. The primary account owner is the owner whose Taxpayer Identification Number, such as a Social Security Number, is assigned to the account and has tax responsibility.
    • You have received any other consumer savings offer bonus or promotional rate that required a bonus offer code within the past 12 months.
    • You are a Wells Fargo employee.

Bonus Requirements:

To receive the bonus, you must:

  1. Open a new Wells Fargo consumer savings account in a Wells Fargo branch by June 25, 2024. All account applications are subject to approval.
  2. Deposit $25,000 or more in new money to your new savings account within 30 days and maintain at least a $25,000 balance for 90 days after account opening.
  • New money is money that is new to the customer or new to Wells Fargo (deposited into the customer's new savings account from outside of Wells Fargo and Company and all affiliates, or from a Wells Fargo account not owned by the customer).
  • New money deposited up to 7 calendar days prior to the bonus offer code being applied to the account will count towards the offer qualification requirements. Please see a banker for details.

Bonus Payment:

  • We will deposit your bonus into your new savings account within 30 days after you have met all offer requirements.
  • The new savings account must be open at the time we attempt to deposit any earned bonus payment. Please note that an account with a zero balance may be closed by us without prior notice, as further described in the Deposit Account Agreement.
  • You are responsible for any federal, state, or local taxes due on the bonus. We will report the bonus as income to the tax authorities, as required by applicable law. If you are subject to backup withholding at the time of payment, we will withhold the required amount and remit to the tax authorities in accordance with applicable law. Consult your tax advisor.

Additional Terms and Conditions:

  • The consumer savings accounts eligible for this offer are interest-bearing accounts with variable interest rates (which vary by account). For example, Wells Fargo Way2Save® Savings pays an Annual Percentage Yield (APY) of 0.01% on all balances and requires a minimum opening deposit of $25. The APY is accurate as of February 13, 2024 and may change at any time without notice. Interest is compounded daily and paid monthly. The amount of interest earned is based on the daily collected balances in the account. Fees may reduce earnings.
  • Offer expires June 25, 2024. However, this offer may be discontinued or changed at any time prior to the expiration date without notice.
  • This offer cannot be:
    • Paid to non-resident aliens and foreign entities signing any version of IRS Form W-8.
    • Combined with any other consumer savings offer (limit one bonus per customer/account).
    • Reproduced, purchased, sold, transferred, or traded.
  • The actions required to earn this bonus are separate and distinct from the options available to you to avoid any applicable monthly service fee for the savings account you opened.

Talk with a banker or see the "Consumer Account Fee and Information Schedule" and "Deposit Account Agreement"(opens new window) available at for complete savings account details, including the applicable monthly service fee and options to avoid it.

Wells Fargo Private Bank offers products and services through Wells Fargo Bank, N.A., Member FDIC and its various affiliates and subsidiaries. Wells Fargo Bank, N.A. is a bank affiliate of Wells Fargo & Company.

  1. Terms and conditions apply. Mobile carrier's message and data rates may apply. See Wells Fargo's Online Access Agreement(opens new window) for more information.

  2. Subject to account eligibility requirements.