Wells Fargo Bank offers standard CD rates ranging from three months to one year. While their minimum opening deposit requirement of $2,500 was comparable to other major banks, the rates offered for each term length was well below average. For a three month CD the APY was an abysmal 0.01%; the industry average is 0.25%. For a one year CD the APY was only 0.10%, which again was well below the industry average of 0.50%.

However, Wells Fargo does have a unique special offer going on at this point in time (as of August 2011) where if one deposits at least $5,000 into a CD account they will receive higher rates. There are also longer term lengths as well. For instance, one can obtain a 58 month CD at 1.90% APY, which is above the industry average. Other term lengths include 45 months, 35 months, and 11 months. There is certainly a good incentive to consider opening a CD account at Wells Fargo Bank if one has at least $5,000 available.