Wells Fargo Bank Decreases Prime Rate to 7.00 Percent

Wells Fargo (NYSE:WFC) said it is decreasing its prime rate to 7.00% from 7.25%, effective Oct. 30, 2025.

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10/29/2025 - 04:45 PM EDT

SAN FRANCISCO--(BUSINESS WIRE)-- Wells Fargo Bank, N.A., said today it is decreasing its prime rate to 7.00 percent from 7.25 percent, effective tomorrow, Oct. 30, 2025.

Exterior of Wells Fargo building. (Photo: Wells Fargo)

About Wells Fargo

Wells Fargo & Company (NYSE: WFC) is a leading financial services company that has approximately $2.1 trillion in assets. We provide a diversified set of banking, investment and mortgage products and services, as well as consumer and commercial finance, through our four reportable operating segments: Consumer Banking and Lending, Commercial Banking, Corporate and Investment Banking, and Wealth & Investment Management. Wells Fargo ranked No. 33 on Fortune’s 2025 rankings of America’s largest corporations. News, insights, and perspectives from Wells Fargo are also available at Wells Fargo Stories.

Additional information may be found at www.wellsfargo.com
LinkedIn: https://www.linkedin.com/company/wellsfargo

News Release Category: WF-CFH