Wells fargo money market savings interest rate

Bank Deposit Sweep

Our Cash Sweep Program allows clients to earn a return on uninvested cash balances by automatically "sweeping" cash balances into a Sweep vehicle until such balances are invested or otherwise used to satisfy obligations arising in the account. Cash Sweep Vehicle eligibility is based on the type of investment account and nature of account ownership.

Cash Sweeps - Money Market Funds

As of  

For accounts ineligible for the Bank Deposit Sweep (such as government accounts, insurance companies, banks and credit unions).

*The money market mutual funds offered in the cash sweep program include those with which an affiliate of Wells Fargo Advisors retains an ownership interest and to which an affiliate provides services for a fee.

The Standard Bank Deposit Sweep consists of interest-bearing deposit accounts at two or more Program Banks affiliated with Wells Fargo Advisors ("Affiliated Banks").The Expanded Bank Deposit Sweep consists of interest-bearing deposit accounts at up to five banks including affiliated and unaffiliated banks. The rate of return for each sweep option shown will vary over time and may be lower than rates available to clients making deposits directly with Affiliated Banks, or at other banks, or available by investing directly in other money market funds not offered through the sweep program. The rate will be tiered based upon account type and the overall household value of your account(s) with Wells Fargo Advisors. For further information, please see the Wells Fargo Advisors Cash Sweep Program Disclosure Statement (PDF) or Allspring Government Money Market Fund Sweep Class Prospectus (PDF).

Yields represent past performance. Past performance is no guarantee of future results. Current performance may be lower or higher than the performance quoted above. Yields will fluctuate as market conditions change.

The 7-Day Current Yield and 7-Day Effective Yield of a fund are calculated in accordance with securities industry regulations and do not include capital gains. The 7-Day Current Yield may differ slightly from the actual distribution rate of a given portfolio because of the exclusion of distributed capital gains, which are non-recurring. The 7-Day Effective Yield assumes reinvestment of dividends for one year.

Mutual funds are sold by prospectus. Before investing, please consider the investment objectives, risks, charges and expenses of the fund carefully. The prospectus, and if available, the summary prospectus, contains this and other information and can be obtained by calling the fund company or your financial advisor. Read the prospectus, and if available, the summary prospectus, carefully before you invest.

For government money market funds: You could lose money by investing in the Fund. Although the Fund seeks to preserve the value of your investment at $1.00 per share, it cannot guarantee it will do so. An investment in the Fund is not insured or guaranteed by the Federal Deposit Insurance Corporation or any other government agency. The Fund's sponsor has no legal obligation to provide financial support to the Fund, and you should not expect that the sponsor will provide financial support to the Fund at any time.

1 The Manager has contractually committed to waive fees and/or reimburse expenses. Absent these waivers and/or expense reimbursements, performance would have been less favorable. Details regarding fees and expenses can be found in the Fund's prospectus.
2 The guarantee on U.S. government securities applies only to the underlying securities of the Fund if held to maturity and not to the value of the Fund's shares.

Wells Fargo & Company (“Wells Fargo”) holds a limited ownership interest in Allspring Global Investments (“Allspring”), a trade name used to describe the asset management businesses of Allspring Global Investments Holdings, LLC. Wells Fargo receives compensation from Allspring for the distribution, administrative, research, and operational services that they provide.

If you have questions concerning your Cash Sweep Rates, please contact your Financial Advisor.