2 min read
The Wealthfront Cash Account Now Offers $2M in FDIC Insurance
Today, we’re excited to announce we’ve doubled the FDIC insurance you get on your deposits in a Wealthfront Cash Account. Your Cash Account deposits are now insured for up to $2 million through our partner banks, which is 8x the amount available in a traditional bank account. For joint…
2 min read
The Wealthfront Cash Account Now Has a 3.30% APY
Today, we’re thrilled to announce we’re raising the APY on the Wealthfront Cash Account from 2.55% to 3.30% APY following the Federal Reserve’s decision to raise the target range for the federal funds rate (which is the highest it’s been in nearly 15 years). This means your cash will now…
7 min read
Wealthfront Isn’t a Bank — Here’s Why That’s a Good Thing
It’s no secret: Wealthfront is not a bank. We’re proud of this because it’s a huge benefit to our clients. Choosing not to be a bank is what enables us to offer you best-in-class products like the Cash Account that are far superior to what a bank can offer,…
4 min read
Does It Still Make Sense to Invest in Equities?
A version of this post was originally published in the Wall Street Journal on September 21, 2022. Wealthfront investors who have indicated a capacity and willingness to accept risk hold a portfolio that is heavily weighted toward equities. While such a portfolio has yielded generous returns over time, recent results…
5 min read
How Can I Protect My Cash When Inflation Is High?
Note: As of November 4, 2022, the Wealthfront Cash Account has a 3.30% APY. Read more about it here . It’s no secret that inflation, or an increase in the price of goods and services, has been unusually high for much of 2022. While it’s always important to get…
5 min read
What Fees Do Banks Charge and How Can I Avoid Them?
When it comes to your savings, account fees are a bad thing. Fees can eat away at your wealth over time and are essentially negative earnings. Unfortunately, many financial institutions charge a broad range of fees on checking, savings, and cash accounts. They do this for two main reasons: one, according…
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