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Saving 3 min read
The Wealthfront Cash Account Now Has a 1.82% APY Following Fed Funds Rate Decrease
Today, the annual percentage yield (APY) on the Wealthfront Cash Account decreased from 2.07% to 1.82%. This change comes as a result of the Federal Reserve’s decision to once again lower the target federal funds rate by 0.25% to 1.75%. While a lower APY isn’t exactly news we want to…
Saving 4 min read
What Impacts the Rate We Can Pay on the Wealthfront Cash Account?
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 rate. This may lead you to assume the only time your rate will decrease is when the Federal Reserve makes a rate cut…
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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