The High Cost of Low-Yield Accounts

Essential readings

5 min read

What Is Compounding and Why Is It Important?

5 min read

FDIC and SIPC Insurance: What’s the Difference?

3 min read

Why You Should Ditch Bank Branches

How Does the Wealthfront Cash Account Compare to Regular Savings Accounts?

You may have heard about the 4.55% APY on Wealthfront’s Cash Account offered through our partner banks and wondered whether this account offers benefits beyond the high APY. The short answer is – yes! It does. The Cash Account has a few key advantages over a standard savings account you…

7 min read

How Much Money Should I Save?

Note: As of May 5, 2023, the Wealthfront Cash Account has a 4.55% APY. Read more about it here Saving advice is everywhere –– but how much is enough? The goal of asking, “How much money should I save?” isn’t just to hit a number suggested by someone…

5 min read

How Some Banks Avoid Paying You a High APY

When you’re shopping around to find a good home for your cash, you might see some very high APYs advertised. At first, this probably seems like a good thing. However, if you dig into the fine print for some of these accounts, you’ll notice that the advertised rate can actually…

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,…

5 min read

How Can I Protect My Cash When Inflation Is High?

Note: As of May 5, 2023, the Wealthfront Cash Account has a 4.55% 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…