Articles under “Wealthfront news”
Stay updated on Wealthfront company news, including new product releases, key executive hires, and major milestones.
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%.Read more
The federal funds rate may fluctuate, but our commitment is unshakable: we will continually offer the highest interest rate we can and relentlessly look for ways to reduce costs so we can pass along more savings to you, no matter what the market throws at us.Read more
Consumers currently have a huge number of low-risk liquid accounts from which to choose, each belonging to financial institutions that will tell you theirs is the best. So how do you know which account is best?Read more
Ally and Marcus Lowered Interest Rates During The Same Week The Wealthfront Cash Account APY Increased: Here’s Why That Might’ve Happened
Two popular banks offering high-interest savings accounts — Goldman Sachs’s Marcus and Ally Bank — cut their interest rates by 0.1% to 2.15% and 2.1% respectively within 48 hours of Wealthfront’s cash APY going up again. So why did this happen?Read more