Ponce Bank vs Wells Fargo
Ponce Bank is a community bank that offers several high-yield savings options through Raisin. How does it compare to Wells Fargo? Read our comparison chart below.
Ponce Bank was founded in the Bronx in 1960 by Puerto Rican migrants, at a time when traditional banks had abandoned the neighborhood. Today, they are a proud certified Minority Depository Institution and Community Development Financial Institution (CDFI), and remain dedicated to serving financially-vulnerable communities.
Their not-for-profit, The Ponce de Leon Foundation, supports local initiatives in affordable housing, education, healthcare, and more.
While Wells Fargo is one of America's largest banks with over 4,500 locations and approximately 11,000 ATMs. Offers many checking options, including Everyday Checking and Clear Access Banking for those who have financial troubles. 24/7 customer service. Special CDs offers high rates with $5,000 minimum opening deposit.
Compare Ponce Bank with Wells Fargo, side-by-side. Read on for an in-depth look, including ratings, reviews, pros and cons.
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| Visit Site | Learn More | |
Ponce Bank | Wells Fargo | |
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6-Month High-Yield CD - 4.00% APY - | Personal Checking Account - $300 Bonus - | |
Benefits and Features | ||
| Savings | 0.01% APY. Minimum opening deposit of $25. Monthly service fee of $5, unless you maintain a minimum daily balance of $300, make 1 automatic transfer each fee period of $25 or more from a linked Wells Fargo checking account, make 1 automatic transfer each business day within the fee period of $1 or more from a linked Wells Fargo checking account, make 1 or more Save As You Go® transfers from a linked Wells Fargo checking account, or primary account owner is 24 years old or under. | |
| CD |
| Standard Fixed Term CD available online: 1.01% to 2.00% APY. Terms of 3 months to 1 year. Minimum deposit of $2,500. Relationship APY: 1.02% to 2.01% APY when you link a Wells Fargo Prime Checking, Premier Checking, or Private Bank Interest Checking account to the CD. More CD terms are available in branch. |
| Checking | Clear Access Banking, Everyday Checking, Prime Checking, Premier Checking | |
| ATMs | approximately 11,000 ATMs across the country | |
| Customer Service | Available 24 hours a day, 7 days a week. | |
| IRA CD | Standard Term CD: 0.01% to 2.00% APY. Terms of 1 month to 144 months. Minimum deposit of $1,000. Relationship APY: 0.02% to 2.01% APY when you link a Wells Fargo Prime Checking, Premier Checking, or Private Bank Interest Checking account to the CD. | |
| Locations | approximately 4,700 retail banking branches coast to coast | |
CreditDonkey® Reviews | ||
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| Pros & Cons | Pros:
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| Bottom Line | Community bank that offers several high-yield savings options through Raisin... | A "big 4" bank with a good range of checking accounts and full services... |
| Visit Site | Learn More | |
Blank fields may indicate the information is not available, not applicable, or not known to CreditDonkey. Please visit the product website for details. Ponce Bank: Pricing information from published website as of 08/10/2024. Wells Fargo: Pricing information from the published website as of 09/21/2024 is based on the 91101 zip code. | ||
Which is Better: Ponce Bank or Wells Fargo?
Still need help deciding which bank reviews & deals is better? Read the in-depth reviews below. You may also be interested in comparing Ponce Bank or Bank of America.
In short: Ponce Bank's cd is impressive.
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