Excessive transactions fee

Plus, Wells Fargo has the most brick-and-mortar locations of any bank in the US, with a branch or ATM within two miles of more than half of US households. How's that for convenience?

There is a $5 monthly maintenance fee, but you can get it waived if you maintain a $300 balance or set up automatic transfers from a linked Wells Fargo checking account. (It's also waived if the account owner is 24 or younger.)

A high-yield savings account is a great option for an emergency fund. While the typical savings account has an annual percentage yield (APY) below 1%, an HYSA can reach over 5%