Wealthfront Cash Account Participant Banks

Wealthfront clients may obtain the benefits of FDIC insurance eligibility in a cash account through the FDIC-Insured Deposit Sweep Program and the Participant Banks listed below. Once you open and fund your cash account, the available cash balance will be held on your behalf at one or more of the Participant Banks assigned to your account. Once at a bank, your cash balance will be eligible for FDIC insurance coverage up to the applicable limits.

Participant Banks as of 06/02/2023 are:

  • HSBC Bank USA, NA
  • Citibank N.A.
  • Truist Bank
  • State Street Bank and Trust Company
  • Bank of Baroda
  • East West Bank
  • Barrington Bank & Trust Co., N.A.
  • Beverly Bank & Trust Co., N.A.
  • Crystal Lake Bank & Trust
  • Hinsdale Bank & Trust Co., N.A.
  • Lake Forest Bank & Trust Co., N.A.
  • Libertyville Bank & Trust Co., N.A.
  • Northbrook Bank & Trust Co., N.A.
  • Old Plank Trail CMNY Bank & Trust Co., N.A.
  • Schaumburg Bank & Trust Co., N.A.
  • St. Charles Bank & Trust Co., N.A.
  • State Bank of the Lakes, N.A
  • Town Bank, N.A.
  • Village Bank & Trust Co., N.A.
  • Wheaton Bank & Trust Co., N.A.
  • Wintrust Bank
  • AXOS Bank
  • Green Dot Bank
  • ConnectOne Bank
  • Customers Bank
  • CrossFirst Bank
  • Peapack-Gladstone Bank
  • Midland States Bank
  • Northeast Bank
  • Metropolitan Commercial Bank
  • Farmers and Merchants Bank
  • Cross River Bank
  • Fieldpoint Private Bank & Trust
  • Wells Fargo Bank NA*
  • Morgan Stanley Bank NA*
  • Morgan Stanley Private Bank NA*
  • UBS Bank USA*
  • Discover Bank*
  • Manufacturers and Traders Trust Company*
  • Tristate Capital Bank*
  • Flagstar Bank, N.A.*

If you have any questions about Program Banks, please contact us.

*Planned addition to Program Banks.

Nerdwallet receives cash compensation for referring potential clients to Wealthfront Advisers, LLC (“Wealthfront Advisers”) via advertisements placed on their respective websites. Nerdwallet and Wealthfront Advisers are not affiliated with one another and have no formal relationship outside of the solicitation arrangement. Nerdwallet’s opinions are their own. Their ratings are determined by their editorial team. The scoring formula for online brokers and robo advisors takes into account over 15 factors, including account fees and minimums, investment choices, customer support and mobile app capabilities.

Wealthfront Software LLC (“Wealthfront”) offers a software-based financial advice engine that delivers automated financial planning tools to help users achieve better outcomes. Investment management and advisory services are provided by Wealthfront Advisers LLC (“Wealthfront Advisers”), an SEC-registered investment adviser, and brokerage related products, including the cash account, are provided by Wealthfront Brokerage LLC, a member of FINRA/SIPC.

By using this website, you understand the information being presented is provided for informational purposes only and agree to our Terms of Use and Privacy Policy. Wealthfront Advisers relies on information from various sources believed to be reliable, including clients and third parties, but cannot guarantee the accuracy and completeness of that information. Nothing in this communication should be construed as an offer, recommendation, or solicitation to buy or sell any security. Additionally, Wealthfront Advisers or its affiliates do not provide tax advice and investors are encouraged to consult with their personal tax advisors.

The Annual Percentage Yield (APY) for the Cash Account may change at any time, before or after the Cash Account is opened. The APY for the Wealthfront Cash Account represents the weighted average of the APY on the aggregate deposit balances of all clients at the program banks. Deposit balances are not allocated equally among the participating program banks. FDIC.gov national industry average savings rate as of .

Cash Account is offered by Wealthfront Brokerage. Neither Wealthfront Brokerage nor its affiliates is a bank. Wealthfront Brokerage conveys Cash Account funds to depository institutions that accept and maintain such deposits. The cash balance in the Cash Account is swept to one or more banks (the “ program banks”) where it earns a variable rate of interest and is eligible for FDIC insurance. FDIC insurance is not provided until the funds arrive at the Program Banks. While funds are at Wealthfront, before they are swept to the program banks, they are subject to SIPC’s protection limit of $250,000 for cash. FDIC insurance coverage is limited to $250,000 per qualified customer account per banking institution. Wealthfront Brokerage uses more than one Program Bank to ensure FDIC coverage of up to $5 million for your cash deposits. For more information on FDIC insurance coverage, please visit www.FDIC.gov. Customers are responsible for monitoring their total assets at each of the Program Banks to determine the extent of available FDIC insurance coverage in accordance with FDIC rules. The deposits at Program Banks are not covered by SIPC. This is not an offer, or solicitation of any offer to buy or sell any security, investment or other product.

All investing involves risk, including the possible loss of money you invest, and past performance does not guarantee future performance. Historical returns, expected returns, and probability projections are provided for informational and illustrative purposes, and may not reflect actual future performance. Please see our Full Disclosure for important details.

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