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Saving 2 min read
The Wealthfront Cash Account Now Has a 1.78% APY Following a Decrease in the Effective Fed Funds Rate
Today, the annual percentage yield (APY) on the Wealthfront Cash Account decreased from 1.82% to 1.78%. This change comes as a result of a decrease in the effective fed funds rate, which directly impacts the rate we can pay to you. Here’s what a lower APY on your Wealthfront Cash…
Saving 4 min read
What Impacts the Rate We Can Pay on the Wealthfront Cash Account?
Note: As of January 13, 2020, the interest rate on the Wealthfront Cash Account is 1.78% APY. Read more about it here. Over the last few months, we’ve had to lower the interest rate on the Wealthfront Cash Account each time the Federal Reserve lowered the target fed funds…
Investing 4 min read
Sound Investing When Markets Are in Turmoil
What should you do when market volatility has you doubting your investment strategy? No worries — Wealthfront Chief Investment Officer Burt Malkiel has clear advice.
Industry insights 2 min read
Retail Branches Pose an Existential Threat to Banks
There’s a battle for branch expansion among banks in the U.S. today. Both J.P. Morgan and Bank of America, for example, have been duking it out to open a total of 180 new branches across the country this year alone as well as “modernizing” existing branches. This battle is completely…
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