Wells Fargo Carrot Score

Carrot Score

Higher than 11% of U.S. banks and credit unions

LowestMiddleHighest

By productProduct

CDs81
Savings60
Auto loansNot scored
Credit cards60

Each bar is every U.S. bank and credit union, lowest score to highest. Choose a product to see its rates.

Where Wells Fargo ranks

By Carrot score, in each area where it has branches

And 439 more areas

Scores run from 60 to 99; 90 and up means rates near the best in the country. Top Carrot marks a score of 87 or more, the top quarter of U.S. banks and credit unions. It’s about rates only, not safety, service or who can join.

By product

How each product scores

How its rates compare with every U.S. bank and credit union. Open a product to see them.

CDs

81top 46% nationallyOne of its best two · 5 terms

Term	Its rate	Beats	U.S. median	Top 25% atTop 25%	Top 10% at
3-8 months	3.84%	75%	3.50%	3.82%	4.05%
9-15 months	3.99%	68%	3.70%	4.00%	4.25%
16-30 months	1.75%	13%	3.35%	3.85%	4.20%
31-60 months	1.01%	9%	3.05%	3.65%	4.07%
Qualified	4.25%	83%	3.85%	4.15%	4.35%

Best rates 71.5 · all terms 48.2 → 62.2 → 81

Savings

60beats 2% nationallyOne of its best two · 4 balances

Balance	Its rate	Beats	U.S. median	Top 25% atTop 25%	Top 10% at
$1,000	0.01%	2%	0.20%	0.50%	1.51%
$10,000	0.01%	1%	0.50%	1.15%	2.20%
$100,000	0.01%	0%	1.00%	2.01%	2.93%
Qualified	0.05%	5%	0.60%	1.31%	2.43%

Best rates 2.9 · all balances 1.8 → 2.5 → 60

Auto loans

Not scoredNo rates found on its website.

Credit cards

60beats 2% nationallyAdds 1.5 · 1 rate

Card	Its rate	Beats	U.S. median	Top 25% atTop 25%	Top 10% at
Purchase APR	17.74%	2%	10.90%	9.90%	8.90%

Best rates 2.4 · all rates 2.4 → 2.4 → 60

Where the score could improve

Savings, $10,0001.15%0.01% today, higher than 1% of U.S. institutions. 1.15% would reach the top quarter; 2.20% the top 10%.
CDs, 16-30 months3.85%1.75% today, higher than 13% of U.S. institutions. 3.85% would reach the top quarter; 4.20% the top 10%.
Savings, $100,0002.01%0.01% today, higher than 0% of U.S. institutions. 2.01% would reach the top quarter; 2.93% the top 10%.
To score in the 90sIts CDs already have a rate near the best in the country (3.84% at 3-8 months); its other CDs rates need to rank near the top too, so the weaker ones above matter most.

Scores update as rates change. Institutions can correct a rate we show; payment never changes a score.

Method

How the score works

Each product gets a standingWe compare its CD, savings, auto loan and credit card rates with every bank and credit union in the U.S. and give each product a standing out of 100. Its best rates count the most. For loans and cards, lower rates rank higher.
Its two best products set the scoreWe average its two strongest products. Each extra product it publishes adds 1.5 points, so sharing more rates can only help.
Its rank puts it on the 60–99 scaleWe rank that number against every scored bank and credit union in the country to get a score from 60 to 99. The top quarter earn Top Carrot.

How Wells Fargo got its score

Its products stand at 62.2 for CDs, 2.5 for savings and 2.4 for credit cards, out of 100. Its best two, CDs and savings, average 32.4. Publishing three products adds 1.5, for 33.9. That puts it ahead of 11% of U.S. banks and credit unions: a Carrot Score of 64.

The fine print: inside each product, its best rates make up 60% of its standing and all its rates the rest. Its best rates are its two best CD terms, its $10,000 and Qualified savings or money market rates, the better of its new and used auto loan rates, and its credit card purchase rate. The Qualified rate is the best $10,000 rate you can get by opening another account or meeting monthly requirements (or the standard rate, if that’s higher). Rates that need monthly activity get half credit for the extra they pay, and rates that need a combined balance count only from that balance. We subtract monthly fees and count an intro rate at what it earns over a full year. Accounts for kids, students, seniors, businesses, IRAs and health savings aren’t scored.

← Wells Fargo rates