Articles by The Wealthfront Team
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%.
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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 announcement.
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The Wealthfront Cash Account Now Has a 2.07% APY Following Fed Funds Rate Decrease
Today, the annual percentage yield (APY) on the Wealthfront Cash Account is decreasing from 2.32% to 2.07%. This change comes as a result of the Federal Reserve’s decision to lower the target federal funds rate by 0.25% to 2.00%.
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How Do Interest Rates Work? Here’s Everything You Need To Know
Whether you *think* you completely understand what interest rates are and how they work, or you know that you definitely don’t know everything about them, this will lay out all the essential details.
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