The types of accounts at Wells Fargo bank include checking accounts, savings accounts and certificates of deposit, according to the company's official website. Other accounts available for customers are IRAs and money market accounts.
Checking accounts offer customers the opportunity to have easy access to their money for daily transactional needs and to help keep their cash secure. Customers can access their money by using a check or debit card. There are different options available, and some can help to waive the monthly service fees attached to checking accounts, notes Wells Fargo.
The money market accounts available through Wells Fargo are similar to savings accounts, but customers must maintain higher balances in order to avoid monthly service fees. Whereas savings accounts usually have fixed interest rates, money market accounts have rates that vary based on money markets; they can also have tiered interest rates. This helps provide a customer more favorable rates based on a higher balance. Some money market accounts allow customers to write checks against their funds on a limited basis, explains Wells Fargo.
IRA accounts offered by Wells Fargo are useful for customers who don't have retirement benefits offered by their employers, states the company. There are two types of IRA accounts available at Wells Fargo: the Roth IRA and the traditional IRA.