I got an email from Wells Fargo today that if I open a platinum savings account with $25,000, they will pay 3.25% in interest for a year. Also on their website if you open a new account with direct deposit, they’ll give you a $325 bonus. Keep in mind that these bankers lend out 90% of your deposits to make even higher returns, being fractional reserve banks, giving you practically nothing, not even keeping up with inflation leaving your money devaluing. And they had the nerve to lobby against stablecoins being able to pay 4% interest payments, as stablecoins are backed 100% by treasuries that pay interest the stablecoin providers wanted to pass to adopters. They fear people will leave their scam platforms leaving them insolvent and unable to profit off your money. These greedy bankers want all the returns with you getting diddly while using your money. Consequently, I just use Wells Fargo as a banking shield, just holding bill paying money and maintaining access to their ATM network, as they just don’t pay decent enough returns. Consequently, Bank of America is offering $500 for new customers as well along with a 6% cashback credit card (how does that work). Are the banks losing out to the big tech online banking platforms and their phone apps? Is their reserve status in trouble? When the financial collapse finally hits, are bank runs going to be huge? Will you get the full FDIC insurance amounts in the financial collapse?
Wells Fargo New Account Bonus
As a valued Wells Fargo customer, we want to offer you a Promotional Interest Rate with deposits of $25,000 or more in new money to a consumer Platinum Savings account.
Enroll a consumer Platinum Savings account with a banker by July 7, 2026 and complete the steps outlined below.
The Platinum Savings account monthly service fee is $12 and can be avoided each fee period1 with a $3,500 minimum daily balance. New accounts require a minimum opening deposit of $25.
Notice: If your Platinum Savings account is currently enrolled in a promotional rate, enrolling in this new offer will reset your promotional period and will reset your rate to the new promotional rate which may be different than your current promotional rate.
Complete these steps to get the 12-month Promotional Interest Rate:
Enjoy your Promotional Interest Rate. It will be applied within 15 calendar days of meeting the balance requirements.
Your bonus offer code is AB9BZA.
Visit your nearest branch to enroll a consumer Platinum Savings account in this offer. You must use your bonus offer code at account enrollment by July 7, 2026.
Enjoy your Promotional Interest Rate. It will be applied within 15 calendar days of meeting the balance requirements.