A cash account built for you.
We get it: money and its terms can be confusing. We’re here to simplify with answers to some of the most frequently asked questions when it comes to our cash account.
What does “short-term” mean?
Short-term savings refers to money you’ll need within 5 years. Want to save for longer?
Will I be charged a fee?
There are no fees for the cash account.
Do I get a debit card or checks with my account?
Not right now, but we’ll be adding new features to the cash account over time.
How do I access my money?
You can withdraw money at any time. It usually takes about one to three business days for your withdrawal to arrive in your bank account.
Can I move money in between Wealthfront accounts?
Soon! We’re working on a solution so you can move money between your cash and personal investment accounts.
What types of short-term goals should I plan for?
Great question. We’ll help you save for any big purchases you have in mind (car, house, renovation, trip, etc.).
Does Wealthfront make money on a cash account?
Wealthfront receives a portion of interest earned on the money in your cash account,
just like a traditional bank. However, we keep our operating costs lower than a traditional bank by only building products that we can automate.
This means we can provide a higher interest rate with our cash account.