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 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 March 24, 2023, the Wealthfront Cash Account has a 4.30% 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…

4 min read

Why Is the Wealthfront Cash Account APY So High?

Note: As of March 24, 2023, the Wealthfront Cash Account has a 4.30% APY. Read more about it here . We all know that when it comes to earning interest on your cash, more is better. But not all financial institutions pay the same rate—not even close. Since we…

4 min read

How Should I Save for Short-Term vs. Long-Term Goals?

When you think about your financial future, you probably have two kinds of goals: short-term goals, like a vacation you plan to take later this year, and long-term goals, like sending a child to college or retiring. In order to give yourself the best chance of comfortably reaching those goals,…