3 reasons to open checking and savings accounts together as stagflation concerns rise [Business Insider]
Wells Fargo & Company (WFC)
Last wells fargo & company earnings: 4/14 07:46 am
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Source: Business Insider
Bundling checking and savings can let you earn high rates, bonuses, and extra perks. Investors are starting to be worried about stagflation , which is when inflation is high and economic growth is slow. Stagflation is hard to deal with, and it can decrease your savings if poorly performing investments can't keep up with inflation. Stagflation can also lead to increased unemployment, which means you might be at greater risk of experiencing layoffs . This means you'll want to have more cash easily accessible in case of emergencies, and less cash tied up in investments. Opening a high-yield savings account and a checking account at the same bank lets you start building up your emergency savings by giving you extra rates, bonuses, and perks that you might not get otherwise. 1. Relationship rates give you extra benefits for loyalty Many banks, especially traditional brick-and-mortar banks, offer special relationship rates for people who open a savings account and a checking acco
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WFC
Earnings
- 10/15/25 - Beat
WFC
Sec Filings
- 12/12/25 - Form 424B2
- 12/12/25 - Form 424B2
- 12/12/25 - Form 424B2
- WFC's page on the SEC website