Wells Fargo’s “Goal Savings” account is simply ridiculous. I took a look at the rates that they are offering:

Balance, Interest Rate, APY

$0 – $9,999.99, 0.10%, 0.10%

$10,000 – $24,999.99, 0.50%, 0.50%

$25,000 – $49,999.99, 3.10%, 3.15%

$50,000 – $99,999.99, 3.59%, 3.66%

$100,000 or more, 3.83%, 3.90%

Grow your money with a Wells Fargo Goal Savings account and take advantage of:

Automatic Transfers to make saving easier
My Savings Plan(SM) – our new online savings tool
Optional Overdraft Protection – link your Wells Fargo checking account to a Goal Savings account to protect against unexpected overdrafts
Our new secure Quick Application that provides a streamlined process so that it takes just minutes to open a savings account

The Goal Savings account monthly service fee is waived with:
- A monthly $25 automatic transfer to your Wells Fargo Goal Savings account from another Wells Fargo account, Or
- With a monthly qualifying Direct Deposit** of $100 or more into this account, Or
- By maintaining a $300 minimum balance.
- Otherwise, the monthly service fee is $3.

Not only do they offer ridiculously low savings rates, but they also charge a monthly service fee!