Wells Fargo Bank Decreases Prime Rate to 7.00 Percent

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4:45 PM on Wednesday, October 29, 2025

The Associated Press

SAN FRANCISCO--(BUSINESS WIRE)--Oct 29, 2025--

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.

This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20251029042942/en/

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

View source version on businesswire.com:https://www.businesswire.com/news/home/20251029042942/en/

CONTACT: Media

Beth Richek, 980-308-1568

[email protected] Relations

John Campbell, 415-396-0523

[email protected]

KEYWORD: CALIFORNIA UNITED STATES NORTH AMERICA

INDUSTRY KEYWORD: ASSET MANAGEMENT PROFESSIONAL SERVICES BUSINESS FINANCE

SOURCE: Wells Fargo & Company

PUB: 10/29/2025 04:45 PM/DISC: 10/29/2025 04:45 PM